According to General Motors’ sales executive, Susan Docherty, a total of 1,712 Saturn and Pontiac vehicles remain in the company’s inventory. Docherty told reporters and analysts that only 796 Pontiacs and 916 Saturn units remain, as compared to 32,000 Saturns and more than 70,000 Pontiacs the company had in May as it filed for Chapter [...]
According to a report by The Wall Street Journal, General Motors is offering huge incentives to dealers to speed up the sales of leftover Saturn and Pontiac vehicles on their lots. The move will essentially help GM report stronger December sales. In a letter to dealers, GM said that it will give $7,000 for every new [...]
According to J.D. Power and Associates 2009 Avoider Study, nearly one in five new car shoppers avoid a brand due to their concerns over the future of the company. J.D. Power and Associates said that the top five brands being avoided by consumers are domestic brands including Chrysler, Dodge, HUMMER, Pontiac and Saturn. The firm said that [...]
It’s no surprise by now that General Motors executives always seem to surprise us with their departure from Detroit. Former Saturn general manager Jill Lajdziak has been hired by Penske Automotive Group to become the company’s smart USA Distributor LLC unit as vice president, sales and marketing. Lajdziak’s appointment comes as Smart’s sales continue to drop [...]
General Motors’ efforts to sell Saturn to Penske Automotive Group fell through last month. The automaker is no longer producing Saturn vehicles as it proceeds to shutdown the brand completely. According to Automotive News, in an effort to clear out the remaining Saturn inventory, GM today launched an incentive program that runs through the end of [...]
Jill Lajdziak, who joined General Motors’ Saturn brand before its first car was ever sold, will retire from the company by the end of 2009. Lajdziak, 52, led the Saturn brand through its demise last month. She will take vacation time until her retirement said spokesman John McDonald. In the mean time, GM’s Steve Hill will [...]
Following Penske Automotive’s termination of talks with General Motors to acquire Saturn, the Detroit automaker has halted production of the brand’s cars and crossovers and plans to sell the thousands of units left in its inventory within the next four months. GM said that many of the vehicles were built to supply Penske Automotive. GM [...]
By now, most of you know that Penske Automotive Group has terminated its discussions with GM to buy Saturn. According to a report by Automotive News, some Saturn dealers say they will look for other franchises now that Penske has canceled plans to acquire Saturn. Others say they will wait and see if Penske revives [...]
Coming as a shocker to most of us, Penske Automotive Group announced yesterday that it has “terminated its discussions with GM to buy Saturn, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.” Originally, Pesnke’s plans were to sell GM made models for the next three [...]
Just yesterday we reported that General Motors Company was to announce the sale of Saturn to Penske later this week. Well, things have shockingly changed. Penske Automotive Group just announced that it has terminated its discussions with GM to buy Saturn, citing concerns directly related to the future supply of vehicles beyond the supply period it [...]
