« previous next »
Pages: [1]   Go Down

Author Topic: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles  (Read 3738 times)

0 Members and 1 Guest are viewing this topic.

Offline Gratiot

  • Hero Member
  • *****
  • Posts: 1288
  • Reputation: +45/-18
Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« on: September 30, 2009, 06:43:43 PM »
Penske calls off Saturn deal with GM

Quote
Detroit tycoon Roger Penske has terminated a deal with General Motors Co. for the Saturn brand after Penske's prospective provider of new vehicles pulled out.

The deal broke down after the Renault-Nissan Alliance decided Wednesday not to proceed with a deal to supply Penske with future vehicles for Saturn dealers, according to a source familiar with the discussions.

The deal's unraveling dooms about 340 dealers and the Saturn brand, which appeared to have been rescued this summer when Penske announced he had reached a memorandum of understanding with GM.

DetNews.com
Logged

Offline IassaFTots

  • In WTF-istan, I am considered a
  • Hero Member
  • *****
  • Posts: 13972
  • Reputation: +770/-274
  • Oh well, I wasn't using my civil liberties anyway.
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #1 on: September 30, 2009, 07:02:59 PM »
Just Damn.  I bought my 2nd Saturn 2 weeks ago, an Astra.  Man, I am glad I got it when I did.  All the peeps in the dealership were so stoked about Penske.  They have got to be so crushed.  IMHO, GM killed em.   So sad indeed. 
Logged
R.I.P. LC and Crockspot.  Miss you guys.

The infinite is possible at zombocom.  www.zombo.com

"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." ~ Martin Luther King
 
“Political Correctness is about turning a blind eye to painful reality because your comfortable feelings are more important to you than saving lives and providing quality of life to people who work their ass off to be productive and are a benefit to this great American Dream"  ~Ted Nugent

Offline unbiased

  • Full Member
  • ***
  • Posts: 211
  • Reputation: +31/-78
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #2 on: October 01, 2009, 01:01:32 AM »
I don't get this.  I have never owned a Saturn, but I thought they made affordable cars with good gas mileage.  Isn't that what GM was told to do after the government takeover?
Logged
Once you have wrestled, everything else in life is easy.

Offline NHSparky

  • Hero Member
  • *****
  • Posts: 24431
  • Reputation: +1280/-617
  • Where are you going? I was gonna make espresso!
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #3 on: October 01, 2009, 05:42:53 AM »
No, you do NOT make decent cars with good gas mileage if NON-UNION workers make them, dammit! /Obummer mode
Logged
“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline Flame

  • Hero Member
  • *****
  • Posts: 4361
  • Reputation: +166/-34
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #4 on: October 01, 2009, 06:01:08 AM »
Man, that sucks.  I love Saturn.  Guess I'll stick with the German or Japanese cars now.
Logged

Offline cottondress

  • Full Member
  • ***
  • Posts: 158
  • Reputation: +13/-3
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #5 on: October 01, 2009, 06:59:33 AM »
I have owned a Saturn...great car...also received a letter with real signatures from the people that built it and a birthday card every year...how cool is that?  No union..that's what its all about.
Logged
Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
Ronald Reagan

Offline thundley4

  • Hero Member
  • *****
  • Posts: 40571
  • Reputation: +2224/-127
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehic
« Reply #6 on: October 01, 2009, 07:15:01 AM »
Quote from: cottondress on October 01, 2009, 06:59:33 AM
I have owned a Saturn...great car...also received a letter with real signatures from the people that built it and a birthday card every year...how cool is that?  No union..that's what its all about.

Saturn did start out as non-union, but that lasted only a few years, IIRC, then the UAW forced them to unionize.
Logged

Offline IassaFTots

  • In WTF-istan, I am considered a
  • Hero Member
  • *****
  • Posts: 13972
  • Reputation: +770/-274
  • Oh well, I wasn't using my civil liberties anyway.
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #7 on: October 01, 2009, 08:16:19 AM »
It is a crying shame.  A danged crying shame.  The people at the dealership I work with were so thrilled about Penske.  They never did like GM, and thought that GM was running them into the ground.  I just retired a 10 year old car, that had almost 200K on it, and it STILL got 24 mpg.  I am saving it as a back up, though.  Their marketing STUNK.

I know those people have to be crushed.  Maybe I will bring them some cookies...
Logged
R.I.P. LC and Crockspot.  Miss you guys.

The infinite is possible at zombocom.  www.zombo.com

"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." ~ Martin Luther King
 
“Political Correctness is about turning a blind eye to painful reality because your comfortable feelings are more important to you than saving lives and providing quality of life to people who work their ass off to be productive and are a benefit to this great American Dream"  ~Ted Nugent

Offline debk

  • Topic Moderator
  • Hero Member
  • *****
  • Posts: 12473
  • Reputation: +467/-58
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #8 on: October 01, 2009, 08:20:20 AM »
This shutdown will decimate that area. Spring Hill is Saturn. There is nothing there to replace all the jobs lost with the shutdown, and with those jobs gone...the rest of the community will be in dire straits....
Logged
Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

"My therapist told me the way to achieve true inner peace is to finish what I start. So far I've finished two bags of M&M's and a chocolate cake. I feel better already." – Dave Barry

A balanced diet is chocolate in both hands.

Offline Ptarmigan

  • Bunny Slayer
  • Hero Member
  • *****
  • Posts: 24100
  • Reputation: +1016/-226
  • God Hates Bunnies
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #9 on: October 01, 2009, 03:04:19 PM »
Saturn dealers had good service and they did not pressure customers into buying a car, which is typical of many car dealers.
Logged
Never interrupt your enemy when he is making a mistake.
-Napoleon Bonaparte

Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du

Offline Eupher

  • Hero Member
  • *****
  • Posts: 24894
  • Reputation: +2835/-1828
  • U.S. Army, Retired
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #10 on: October 01, 2009, 03:59:00 PM »
Quote from: Ptarmigan on October 01, 2009, 03:04:19 PM
Saturn dealers had good service and they did not pressure customers into buying a car, which is typical of many car dealers.

IIRC, they had a "no dicker" policy. The price is the price.

I'm not sure I like that, but it does make things easier for those who don't want to do any research.
Logged
Adams E2 Euphonium, built in 2017
Boosey & Co. Imperial Euphonium, built in 1941
Edwards B454 bass trombone, built 2012
Bach Stradivarius 42OG tenor trombone, built 1992
Kanstul 33-T BBb tuba, built 2011
Fender Precision Bass Guitar, built ?
Mouthpiece data provided on request.

Offline IassaFTots

  • In WTF-istan, I am considered a
  • Hero Member
  • *****
  • Posts: 13972
  • Reputation: +770/-274
  • Oh well, I wasn't using my civil liberties anyway.
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #11 on: October 01, 2009, 04:14:31 PM »
Quote from: Eupher on October 01, 2009, 03:59:00 PM
IIRC, they had a "no dicker" policy. The price is the price.

I'm not sure I like that, but it does make things easier for those who don't want to do any research.

That would be me, and I liked the price is the price.  Now, I did research as far as what car I wanted, and compared the prices, but didn't have to mess with haggling, which I loathe. 
Logged
R.I.P. LC and Crockspot.  Miss you guys.

The infinite is possible at zombocom.  www.zombo.com

"The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy." ~ Martin Luther King
 
“Political Correctness is about turning a blind eye to painful reality because your comfortable feelings are more important to you than saving lives and providing quality of life to people who work their ass off to be productive and are a benefit to this great American Dream"  ~Ted Nugent

Offline diesel driver

  • Creepy Ass Cracker and Smart-Ass White Boy!
  • Hero Member
  • *****
  • Posts: 9128
  • Reputation: +607/-55
  • Enhancing My Carbon Footprint!
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #12 on: October 01, 2009, 06:10:11 PM »
If anyone could have pulled this off, it was Roger Penske....

He rescued Detroit Diesel from GM several years ago, when it looked like GM was just going to let it "wither on the vine".  

GM, whether it's their management group or their design and engineering departments, can't

seem to get their heads out of their asses long enough to allow oxygen back into their brains.    :hammer:

You'd almost think the company was run by DUmmies....

(Oh, wait.  IT IS!)

Thank GOD I own a Ford....
Logged
Murphy's 3rd Law:  "You can't make anything 'idiot DUmmie proof'.  The world will just create a better idiot DUmmie."

Liberals are like Slinkys.  Basically useless, but they do bring a smile to your face when you push them down a flight of stairs...
 
Global warming supporters believe that a few hundred million tons of CO2 has more control over our climate than a million mile in diameter, unshielded thermo-nuclear fusion reactor at the middle of the solar system.

"A dead enemy is a peaceful enemy.  Blessed be the peacemakers". - U.S. Marine Corp

You can't fix stupid, but you can vote it out of office.

Offline GOBUCKS

  • Hero Member
  • *****
  • Posts: 24186
  • Reputation: +1812/-339
  • All in all, not bad, not bad at all
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehic
« Reply #13 on: October 01, 2009, 09:51:14 PM »
Quote from: thundley4 on October 01, 2009, 07:15:01 AM
Saturn did start out as non-union, but that lasted only a few years, IIRC, then the UAW forced them to unionize.
GM and the UAW had a joint study group that developed the Saturn concept in the early eighties.

Saturn was 100% UAW from Day One, but Spring Hill had a separate contract that was more flexible, and protected
them from layoff. A few years ago, they were folded into the GM master contract.
Logged

Offline WMD Owl

  • Full Member
  • ***
  • Posts: 152
  • Reputation: +0/-0
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #14 on: October 02, 2009, 07:09:07 AM »
Will the sale of Hummer to the Chi Coms fall apart as well?
Logged


Offline thundley4

  • Hero Member
  • *****
  • Posts: 40571
  • Reputation: +2224/-127
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehic
« Reply #15 on: October 02, 2009, 07:25:17 AM »
Quote from: GOBUCKS on October 01, 2009, 09:51:14 PM
GM and the UAW had a joint study group that developed the Saturn concept in the early eighties.

Saturn was 100% UAW from Day One, but Spring Hill had a separate contract that was more flexible, and protected
them from layoff. A few years ago, they were folded into the GM master contract.


You're right. They were UAW from day one, but as you said their contract was much different.  It was more mutually beneficial for the company and the workers, whereas the typical UAW contracts are more union friendly.
Logged

Offline Lacarnut

  • Hero Member
  • *****
  • Posts: 4154
  • Reputation: +316/-315
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #16 on: October 03, 2009, 08:40:23 PM »
The Chinese or someone else may buy Saturn. I don't  think the brand will die. This is just my gut feeling.
Logged

Offline Chris

  • Administrator
  • Hero Member
  • *****
  • Posts: 1476
  • Reputation: +522/-16
Re: Saturn To Shut Down, Renault Backs Out of Supplying Penske with Future Vehicles
« Reply #17 on: October 03, 2009, 09:31:48 PM »
Quote from: Lacarnut on October 03, 2009, 08:40:23 PM
The Chinese or someone else may buy Saturn. I don't  think the brand will die. This is just my gut feeling.

The Chinese love them some Buicks.  I think that may be where that brand is headed.
Logged
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.
Pages: [1]   Go Up
« previous next »