You're Not Penske Material!! : GM to Close Saturn as Sale to Penske Falls Through (government, state)

[01Snake]

Another blow to Government Motors George Costanza-style

GM says it will close Saturn after sale falls through -- latimes.com

General Motors Co.'s deal to sell Saturn to the Penske Automotive Group has fallen through, forcing the automaker to shutter the brand altogether.

The sale had been expected to be completed as soon as this week.

"Penske Automotive Group . . . has decided to terminate discussions with General Motors to acquire Saturn," GM Chief Executive Fritz Henderson said in a statement. As a result, "we will be winding down the Saturn brand and dealership network."

[helenejen]

+1 for the Seinfeld reference!

[ovcatto]

Let's see, on one hand we cry and moan about losing jobs to China and on the other hand we cheer when we lose another piece of your manufacturing base... Some folks are very conflicted.