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Old 10-01-2009, 04:20 PM   #2
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Re: Saturn/Penske deal gone, what happens to Saturn?

akboss, hope this helps some - from the official statement made by GM's CEO:

"As a result of PAGs decision, we will be winding down the Saturn brand and dealership network, in accordance with the wind-down agreements that Saturn dealers recently signed with GM. Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.

Saturn customers and owners will continue to be able to purchase and have their vehicles serviced at Saturn retailers during this process. Once the wind down is complete, Saturn owners will still be able to have their vehicles serviced at other GM dealerships. We will be communicating with our customers very soon to explain the next steps in this process.

Todays disappointing news comes at a time when wed hoped for a successful launch of the Saturn brand into a new chapter. We will be working closely with our dealers to ensure Saturn customers are cared for as we transition them to other GM dealers in the months ahead. Id also like to thank every GM employee and Saturn retailer who worked so hard to try to make this new beginning happen for Saturn."
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