Saturn officially falling out of orbit
GM has released its viability plan, and along with it the fate of three 'non core' brands: Hummer, Saab, and Saturn.
Hummer will be sold by March 31st - at least that is the plan. Probably one of the Indian companies will buy it or some such thing.
Saab will be restructured and then sold as an independent company, kind of like what Ford is doing with Volvo. This hinges on about $6 billion from the Swedish govt. so there is a good chance is just ends up dead, which would be too bad.
Saturn is officially naga, naga, nagonnaworkhereanymore. It will stick around until the end of its current lifecycle and then will be killed off unless some kind of groundswelling miracle saves the company (10 years ago, that might have happened, I dont think it will today). Which is really too bad, because it finally started making new cars (well.. importing Opels, but same thing). If there are firesale prices on Saturn Sky's count me in... one of the best looking cars on the road today:
Hummer will be sold by March 31st - at least that is the plan. Probably one of the Indian companies will buy it or some such thing.
Saab will be restructured and then sold as an independent company, kind of like what Ford is doing with Volvo. This hinges on about $6 billion from the Swedish govt. so there is a good chance is just ends up dead, which would be too bad.
Saturn is officially naga, naga, nagonnaworkhereanymore. It will stick around until the end of its current lifecycle and then will be killed off unless some kind of groundswelling miracle saves the company (10 years ago, that might have happened, I dont think it will today). Which is really too bad, because it finally started making new cars (well.. importing Opels, but same thing). If there are firesale prices on Saturn Sky's count me in... one of the best looking cars on the road today:
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