GM will phase out Saturn after a deal yesterday with Penske Automotive Group Inc. to acquire it fell apart. GM CEO Fritz Henderson said "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," Henderson said in a written statement. "PAG's announcement explained that their decision was not based on interactions with GM or Saturn retailers." More details here!
Thursday, October 1, 2009
Saturn - End of the Road?!
GM will phase out Saturn after a deal yesterday with Penske Automotive Group Inc. to acquire it fell apart. GM CEO Fritz Henderson said "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," Henderson said in a written statement. "PAG's announcement explained that their decision was not based on interactions with GM or Saturn retailers." More details here!
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