General Motors to close Saturn brand

By Joel Arellano | September 30, 2009
The following is attributed to General Motors President and CEO Fritz Henderson: Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. PAG’s announcement explained that their decision was not based on interactions with GM or Saturn retailers; rather it was because of the inability to source new products beyond what it had asked GM to build on contract. 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 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. Today’s disappointing news comes at a time when we’d 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. I’d also like to thank every GM employee and Saturn retailer who worked so hard to try to make this new beginning happen for Saturn. Press release via General Motors
  • 26548093 Jpeg
 
6 comments
JoAnne Pereira
JoAnne Pereira

I bought a 2004 saturn vue. Loved the car until taking a dying husband to the VA in the Bronx and that was it. grinding noises that lead the car to no transmission use at all. Now my husband is gone in Janof this year and no car what a mess I got myself in. Who can I write to to get on this lawsuit because I need a dependable car and the 2004s are not it

bedsidemanners1
bedsidemanners1

Saturn was supposed to be the car company that employees of car manufactuers made. Saturn was and will always be a a great car manufactuer, It wasn't until General Motors got there hands on this company that the quality went from the best that was ever made in amreica to mediocre over night. Look at what the have done to other car companys as well. Remember if you purchased a Saab that it would run forever. Then General Motors had to pound there chest and buy the company. So now not only is one of the best american car companies gone but we also do not have Saab either or what about Pontiac the car company the was on the cutting edge for stylish vehicles. They decided to keep the bland Chevrolet vehicles just because people purchase the corvette, and silverado come General Motors what do you do down at the renaisance building think about what companies life you can make miserable and then make it a reality. People in my family gave you company some of best years of our life. Whether it was working for GM or Family purchasing vehicles in order to keep our love ones employed now you say screw that notion we are going to do what we have always done and forget the american public. Well you made you bed now lay in it. I have been a loyal customer since 1992 when my dad a former General Motors worker helped to purchase my first pontiac Grand Am. From that time on I spent all off my well earned dollars being a General Motors man because I loved my dad and he provide well for us. He too was always a strong supporter of General Motors but you have really done the unthinkable now. Goodbye Hummer, Ponitac,Saab and most importantly Saturn. We who supported you loved what you stood for and represented from a ass of an Manufactuer.

xposednegatives
xposednegatives

LOL! peace out Saturn. Honestly I don't know how they lasted through the 90's.

sc2fanatic
sc2fanatic

Any fanatics like myself want to band together and save this company? I've never seen such an idiotic move by any auto manufacturer. The original concept was great until GM decided to make it a clone of their other divisions. If GM had stuck it out with the original business model and not tried to make it a replacement for Oldsmobile, we'd have a vibrant Saturn today. Today is a sad day for those of us who stuck with the brand through all of its tumultuous history...I wish SOMEONE could come in and return Saturn to what it once was. Sniff.

jarellano
jarellano

hey! saturn was -- sniff -- a good brand towards the end. goodbye, saturn!

thesavagepony
thesavagepony

NA NA NA NA....NA NA NA NA....HEY HEY HEY....GOODBYE!!!

close