Penske Automotive Group Inc. was in talks with General Motors to purchase its Saturn division, initially announcing a tentative deal on June 5, 2009.
Talks fell through on September 30, 2009, at which time General Motors announced plans to discontinue the line completely.
Did Saturn cars go out of business?(1 Answer)
A:
General Motors shut down the Saturn plant in Tennessee in 2009 after an attempt to buy the Saturn brand by the Penske automotive group failed.
Do they still make new Saturn cars?(1 Answer)
A:
General Motors shut down the Saturn plant in Tennessee in 2009, after an attempt to buy the Saturn brand by the Penske automotive group failed.
Why aren't Saturns made anymore?(3 Answers)
A:
Saturn was a subsidy of General Motors. As part of the restructuring of GM the Saturn brand was shutdown. They tried to sell the brand to Penske but ...
References
Fast Facts
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Fact:
Penske was in talks with GM to purchase their Saturn division
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Fact:
Tentative deal was announced on June 5, 2009
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Fact:
Talks broke off on September 30, 2009
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Fact:
General Motors announced it would shut down the division after a deal couldn't be reached
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Fact:
Penske reportedly dropped the talks after failing to find a future manufacturer for the cars
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Fact:
GM's contract to produce Saturn would have ran out in 2011
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Fact:
GM dealerships will continue to service Saturn cars
