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GM To Close Saturn After Talks With Penske Fail

Automaker General Motors on Wednesday announced it would close its Saturn division after a deal to sell it to Penske Automotive Group Inc. fell apart. Penske was unable to find a manufacturer to supply vehicles after a contract with GM runs out in 2011. » E-Mail This      » Add to Del.icio.us

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GM Says Goodbye To Tennessee Plant

As part of GM’s bankruptcy announcement, the automaker said it will idle or close 14 manufacturing plants, including one in Spring Hill, Tenn., where the Saturn brand was developed in the mid-1980s. The last of Saturn production left town in 2007. The brand’s exit from its birthplace was tempered by GM’s commitment to invest a billion dollars in retooling the plant.

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GM CEO On Automaker’s Plan For Survival

Automaker GM, which filed for bankruptcy Monday, has taken a key step toward downsizing.

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GM Says 16 Parties Expressed Interest In Saturn Brand – Wall Street Journal

Globe and Mail GM Says 16 Parties Expressed Interest In Saturn Brand Wall Street Journal By Sharon Terlep NEW YORK-(Dow Jones)–Saturn brand vehicles currently produced by General Motors Corp. (GM) could stick around after the auto maker sells the brand, the company said Tuesday

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