GM To Shut Down Saturn
September 30, 2009 – General Motors Co. said today that it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart.
Penske, citing concerns of whether it could continue to supply vehicles after a manufacturing contract with GM ran out, ended talks with GM Wednesday to acquire the brand.
GM CEO Fritz Henderson said in statement that Saturn and its dealership network will be phased out.
This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality,” Henderson said in a written statement. “PAG’s announcement explained that their decision was not based on interactions with GM or Saturn retailers.”
In a statement, the Bloomfield Hills, Mich.-based auto retailer says an agreement with another manufacturer to continue producing Saturn vehicles after GM stopped making them fell through, leading Penske to terminate talks with GM.
Penske said it negotiated terms and conditions to make Saturn cars with another manufacturer, but that company’s board of directors rejected the agreement. Penske spokesman Anthony Pordon would not identify the other manufacturer.
“Without that agreement, the company has determined that the risks and uncertainties related to the availability of future products prohibit the company from moving forward with this transaction,” the company said in a statement.
In June, GM and Penske agreed to take over the Saturn brand and related dealerships, although GM would produce the vehicles for a limited period of time.
GM said Saturn vehicle owners can still go to their Saturn dealer for service and would be able to go to a certified GM dealer for service once Saturn dealerships are closed.
It was expected that GM would announce the completion of Saturn’s sale to Penske in the coming days.

driven to the Miramar Landfill fell on him, crushing him against the frame of the vehicle, authorities reported.
September 29, 2009 - The government is warning owners of Toyota and Lexus vehicles about safety problems linked to removable floor mats. They say the mats could interfere with the vehicle’s accelerator and cause a crash.
The Transportation Department says owners should take out the floor mats on the driver’s side and not replace them. A large vehicle recall is expected later today.
Investigation (ODI), Ducati is recalling Model Year 2010 F1098S Streetfighter motorcycles. The electronic control unit ground screw may have been improperly tightened during production which can cause the engine to stall. Stalling while driving can increase the risk of crash.
September 28, 2009 – A Vista teenager fell out of his car and was killed in a crash in Oceanside Friday night, two days before his 18th birthday, authorities said.

