Roger Penske’s 11th-hour decision to pass on acquiring General Motors Co.’s Saturn brand marks a sad continuation of the same problem that has dogged Saturn for a decade: a lack of products.
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Updates from September, 2009
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8:55 pm on September 30, 2009
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8:55 pm on September 30, 2009
Some Saturn dealers say they will look for other franchises now that Penske Automotive has canceled its plans to buy Saturn from GM, while others say they’ll wait and see whether Penske revives the deal.
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8:55 pm on September 30, 2009
General Motors and Chrysler met Wednesday on Capitol Hill with dealers and lawmakers as talks began on the companies’ plans to close around 3,000 dealerships.
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8:55 pm on September 30, 2009
General Motors Co. will shut down Saturn now that a deal with former race car driver and auto dealer magnate Roger Penske has collapsed,Popularity: unranked [?]
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8:55 pm on September 30, 2009
Federal investigators said of the 102 accidents caused by stuck gas pedals on Toyota vehicles, there are four possible causes involving the floor mats.
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Chrysler Group's first talks with dealer groups over a possible compromise on store closings broke up without any agreement but left dealers and lawmakers feeling encouraged.6:54 pm on September 30, 2009
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8:55 pm on September 30, 2009
Chrysler Financial said today that it is laying off about 12 percent of its 3,000-strong U.S. work force or about 360 employees. The layoffs will affect both the company’s field offices and its Detroit headquarters.
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Chrysler Financial said today that it is laying off about 12 percent of its 3,000-strong U.S. work force or about 360 employees. The layoffs will affect both the companyand#8217;s field offices and its Detroit headquarters.6:47 pm on September 30, 2009
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8:55 pm on September 30, 2009
General Motors Co. said it will begin to phase out Saturn — the car company conceived more than 25 years ago to fend off imports — after potential buyer Penske Automotive Inc. failed to secure a source of vehicles to keep the brand afloat.
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8:55 pm on September 30, 2009
Penske Automotive Group Inc. canceled plans to acquire General Motors Co.’s Saturn, a move that looks likely to put the brand out of business.
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