Today's Posts Mark Forums Read Calendar
Go Back   NJFBOA - Home of New Jersey's Camaros and Firebirds > Community Forums > Lounge

Notices


Reply
 
Thread Tools
Old 06-05-2009, 08:05 AM   #1
Frosty
 
Frosty's Avatar
 
Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
iTrader: (1)
Introducing the new Penske Sky.....

Hmmmm

http://news.yahoo.com/s/ap/20090605/..._saturn_penske

I'm curious to see if this sale pans out....what are your thoughts?
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler

2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)

Last edited by Frosty; 06-05-2009 at 08:06 AM.
Frosty is offline   Reply With Quote
Old 06-05-2009, 08:08 AM   #2
Whiplash Performance
 
Whiplash Performance's Avatar
 
Join Date: Apr 2009
Location: Hillsborough, NJ
Posts: 1,099
iTrader: (1)
I think it will work out. Roger Penske know what he is doing.
__________________
-Devin
Whiplash Intense Performance
Intensify your ride with over 500 name brand Performance parts and accessories!
www.intensewhiplash.com
Whiplash Performance is offline   Reply With Quote
Old 06-05-2009, 12:18 PM   #3
maroman88
12 Second Club
 
maroman88's Avatar
 
Join Date: Aug 2004
Location: West Milford
Posts: 8,373
iTrader: (11)
wow... lol thats kinda cool, and i can see GM buying it back after they get things worked out, not to mention itll prob work out like the hummer deal where all GM parts and factories are still used
__________________
88 Camaro
95 Impala SS
97 Trans Am WS6
98 Blazer ZR2
00 Corvette
04 CTS-V
04 Grand Cherokee
06 GMC Sierra
07 Sublime Charger Daytona
12 Tahoe LT
17 Malibu LT
maroman88 is offline   Reply With Quote
Old 06-05-2009, 12:21 PM   #4
Whiplash Performance
 
Whiplash Performance's Avatar
 
Join Date: Apr 2009
Location: Hillsborough, NJ
Posts: 1,099
iTrader: (1)
If Penske buys Saturn, does that mean we'll see Saturn in NASCAR? LOL
__________________
-Devin
Whiplash Intense Performance
Intensify your ride with over 500 name brand Performance parts and accessories!
www.intensewhiplash.com
Whiplash Performance is offline   Reply With Quote
Old 06-05-2009, 01:19 PM   #5
BonzoHansen
Admin.
 
BonzoHansen's Avatar
 
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
iTrader: (27)
FAIL on the thread title, lol

General Motors, Penske Outline Proposed Deal for Purchase of Saturn
06/05 10:30 am (PR)

Transaction would save more than 13,000 jobs; preserves renowned brand and retail network

DETROIT, June 5 /PRNewswire/ -- General Motors Corp. and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand.

The proposed transaction is part of GM's rebuilding efforts outlined in the viability plan that was submitted to the U.S. government earlier this year. Under the terms in the memorandum of understanding, Penske would obtain the rights to the brand as well as certain other Saturn assets. GM would continue production, on a contract basis, of the Saturn Aura, Vue and Outlook.

"This is the combination of two iconic teams: Saturn and Penske," said Saturn general manager Jill Lajdziak. "GM had the vision to create Saturn and has the desire to see it succeed in the future."

"Saturn has a passionate customer base and outstanding dealer network," said Roger Penske, chairman of Penske Automotive Group. "For nearly 20 years Saturn has focused on treating the customer right. We share that philosophy, and we want to build on those strengths."

Saturn began selling cars in 1990 and has sold more than 4 million vehicles. More than 80 percent of those vehicles are still in operation, according to data from R.L. Polk. Saturn has regularly scored among the industry leaders for non-luxury brands in customer satisfaction surveys.

"There has been a groundswell of support for Saturn, with our retailers and owners urging us to save the brand," said Lajdziak. "We heard their call loud and clear, and it inspired us as we worked to secure Saturn's future."

The transaction is expected to close in the third quarter of this year and is subject to customary closing conditions and regulatory approvals. Financial terms of the agreement will not be disclosed at this time.
__________________
Vent Windows Forever!

The looser the waistband, the deeper the quicksand. Or so I have read.

Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.

Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
BonzoHansen is offline   Reply With Quote
Old 06-05-2009, 01:26 PM   #6
BurninrubberGT
 
BurninrubberGT's Avatar
 
Join Date: May 2008
Location: south & north nj
Posts: 1,482
iTrader: (0)
wonder if he will start developing saturn engines for nascar/grandam/irl if the buy goes through
__________________
99 Legacy - slow winter dd
04 GTO - less slower summer dd
84 Trans Am - Father's car - all original / original owner
BurninrubberGT is offline   Reply With Quote
Old 06-05-2009, 01:46 PM   #7
JerzyIroc
 
JerzyIroc's Avatar
 
Join Date: Jan 2008
Location: Jersey City, NJ
Posts: 622
iTrader: (0)
This is a sweet deal man. Definitely some great news in some not so great times. Saving 13,000 jobs and 350 dealers is probably the best news those 13,000 people could have heard today.
__________________
1987 IROC-Z L98 T tops
sold

2001 Pontiac Grand Am SE V6 (currently for sale PM me for details)

JerzyIroc is offline   Reply With Quote
Old 06-05-2009, 08:06 PM   #8
jims69camaro
Avatar Abuser
 
jims69camaro's Avatar
 
Join Date: Aug 2004
Location: 08721-1716
Posts: 5,056
iTrader: (0)
Quote:
Originally Posted by BurninrubberGT View Post
wonder if he will start developing saturn engines for nascar/grandam/irl if the buy goes through
it's more than likely something he will get out of the deal, instead of him actually contributing something to the deal. look at GM buying saab. they looted the turbo technology and left them hanging in the wind. GMC gained knowledge and was able to bring a watered-down version of the Hummer to market (not to mention the chassis of the H3 is all GM). knowing that might make GM put a clause in the contract that he has to keep the brand current or something to that effect. i seriously can't think of what he hopes to gain from the sale. he will undoubtedly have the spotlight on him for saving all of those jobs.
__________________
JSFBOA


Save a life.

N = R* fp ne fl fi fc L
jims69camaro is offline   Reply With Quote
Reply

  NJFBOA - Home of New Jersey's Camaros and Firebirds > Community Forums > Lounge


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Sponsor List














All times are GMT -5. The time now is 08:31 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.