Saturday, October 10, 2009

Saturn is in Big Trouble. Penske Automotive Group; GM Dealerships in Trouble all Over The Country Backed Out of Deal

The deal that was supposed to happen to save or rescue Saturn did not happen. After all, Penske Automotive group decided to back out of deal. That comes as a blow for Chrysler. Many jobs will go away with this backout.

In another development, many GM dealerships may not be on a list that was sent to the ebay auction site. Dealers are grumbling and are asking whether the lack of mention of their dealership should mean the end of their business.

this is an upside down world in which dealerships are dealing these days.