JustRalph
09-30-2009, 05:44 PM
http://kansascity.bizjournals.com/kansascity/stories/2009/09/28/daily29.html
Penske Automotive backs out of Saturn talks with General Motors
GM CEO Fritz Henderson said the news from Penske was disappointing.
“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,” Henderson said in a release. “Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.”
Henderson said Saturn customers and owners will continue to be able to buy and get service for Saturn vehicles during the wind-down period. Afterward, Saturn owners will be able to go to GM dealerships for service.
“Today’s disappointing news comes at a time when we’d hoped for a successful launch of the Saturn brand into a new chapter,” Henderson said in the release. “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.”
Penske Automotive backs out of Saturn talks with General Motors
GM CEO Fritz Henderson said the news from Penske was disappointing.
“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,” Henderson said in a release. “Pursuant to the terms of those agreements, the wind down process will be determined and communicated shortly.”
Henderson said Saturn customers and owners will continue to be able to buy and get service for Saturn vehicles during the wind-down period. Afterward, Saturn owners will be able to go to GM dealerships for service.
“Today’s disappointing news comes at a time when we’d hoped for a successful launch of the Saturn brand into a new chapter,” Henderson said in the release. “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.”