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Saturn dealers, owners shocked over end of brand

Discussion in 'Lounge' started by NaboCane, Oct 2, 2009.

  1. NaboCane

    NaboCane Banned

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    From the "They Never Learn" file:

    Corporate America at its "best."

    Saturn was the one brand in the GM family that was doing it RIGHT - making good-quality, affordable cars the way other countries do.

    Now 13,000+ people will lose their jobs because, apparently, the Impala and its ilk is the car the American people want to buy; or so think the empty heads at GM, who haven't done anything right since 1973.

    :rolleyes:
     
    dolfan32323 and Soundwave like this.
  2. jdang307

    jdang307 Season Ticket Holder Club Member

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    Funny thing is, they keep playing that Saturn commercial with the Exec dismissing talk of doom surrounding the company. Then this happens. Weird. I think GM should be dumped, and Saturn kept. Or Chrysler.
     
    azfinfanmang and NaboCane like this.
  3. azfinfanmang

    azfinfanmang Premium Member Luxury Box

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    Yep, I agree completely.
     
    NaboCane likes this.
  4. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    well im sure they didnt wan't all their investors pulling out before they were ready.
     
    NaboCane likes this.
  5. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    Well, this is the lounge, not the PoFo, however the reason "why" Penske backed out of the Saturn deal is quite simple.

    http://www.autonews.com/article/20091002/ANA02/910029984/1266


    Penske wanted the new Renault/"Saturns" to be priced in Dollars, the Renault board knew they would take a bath as the dollar loses value to the Euro.

    If and when the "Dollar" Drops below current 76 cents on 1 Euro, Renault would be locked into selling cars and being paid with dollars that are declinining in value, by next year they could be losing a 10 cents on every 1 Euro they spend building the proposed Saturn/Renault's.
     
  6. NaboCane

    NaboCane Banned

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    There would be a bailout worth doing: save Saturn and lend it enough $ to build their own manufacturing plant.

    Let them pay it back with credits by making theirs the first zero-emission auto plant.

    Use the system to reward good companies, not bad ones like GM and Chrysler.
     

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