GM has announced that the Saturn brand and dealership has been terminated. CEO, Fritz Henderson has said that the decision has been made due to the fact that Penske Automotive decided to end all discussions for the brand. “As a result of PAG’s decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-down agreements...

Wow, things can change quickly. Yesterday we pretty much reported that Saturn will soon belong to Penske, where the new owner will branch the brand out to many other markets. However, it seems like this is now false. Penske has announced that they have stopped talking to General Motors about Saturn as they are concerned about the future supply of vehicles beyond...

We will soon see the official report revolving around the Saturn-Penske sale. The General Motors Company has not yet confirmed that the deal is over, so we’re pretty much just waiting for the official statements. Penske has said that they will still sell GM-made products for at least three years, where they will then eventually branch out to other parts...

Penske Automotive has said that their company is planning to buy Saturn from General Motors by the end of September. Roger Penske, the chairman, said that they will consider using the Saturn brand to sell vehicles outside of North America. “I think that we’re past midfield with GM. There are always issues that you have to deal with, but I think we’re progressing...

It has been reported that Penske will send out about 350 letters to Saturn dealers in connection with an offering to work with the new owner. The Penske Automotive Group recently win acquired the Saturn brand from GM, where the final documents will be sorted out by the third quarter of this year. “This doesn’t require them to sign an agreement,” spokesman...

Reports have said that General Motors will sell the Saturn brand to the Penske Automotive Group, where the transaction will save the Saturn brand about 350 dealerships and around 13,000 jobs. General Motors said that there will be various terms and conditions under the MOU which state, “Penske would obtain the rights to the brand as well as certain other...

General Motors are very near to their decision on the new owner for both Opel and Saturn. It was said that the winner for Saturn might be Roger Penske, who will soon own a network of dealers and a brand name. GM have announced that they will not produce any new Saturn cars at the end of June 2009, and this means that the new owner will have to find another brand...

General Motors will loose around 25 percent of its hybrid vehicles when it lets Saturn go, but they are not going to let this get them down as they will keep the hybrid technology. GM will probably find a buyer for the Saturn brand by the end of the year, and they will then use the hybrid technology for their remaining brands which are, Chevrolet, Buick, GMC...

General Motors have finally confirmed that they are actually planning to sell the Saturn brand. The General has hired S.J. Girsky&Co to advertise the removal of the brand, where they also hinted that there might actually be a company interested in the brand. “General Motors is proceeding to the next step with respect to the sale of Saturn. A number...

It has been confirmed. General Motors will kill off the Pontiac brand as it will be completely phased out by 2010. The reason for GM phasing the brand out is due to their Viability Plan which will also effect the Saab, Saturn and Hummer brands which will die out at the end of 2009. GM will soon only focus on four brands for the U.S. market which include Chevrolet,...