When General Motors submitted its plan to Congress to get federal loans last month, it said that it would consider selling the non-profitable Saturn brand. It’s now a month later and GM has said nothing about the future of Saturn – in fact it almost seems like they’ve been avoiding saying anything about their future plans with the brand.
However, according to Todd Ingersoll, a Saturn dealership owner we should know the brand’s fate by early March. Spokesman Steve Janisse confirmed that GM and Saturn dealers are “working within a short time frame to have resolution.”
According to Automotive News, Ingersoll said that Saturn executives are studying about five or six options – one of which might allow Saturn dealers to take over operations of the brand. Saturn’s only annual profit was in 1993.