Penske Cancels Plans to Buy Saturn

[industrialuser]

So it seems that the Saturn brand will end, according to this article. Boy, I remember when Saturn was trumpeted as all that was right about General Motors. And according to the Kansas City Business Journal, "Penske cited concerns about the future supply of vehicles beyond the supply period it negotiated with GM. After that supply period was over, Penske needed to find another manufacturer to produce Saturn vehicles."

It looks like about 13,000 jobs will be lost at Saturn with this decision, although I can't tell if that includes the dealer network or not. Bad news however you look at it.