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SUVs Saturn VUE What if GM Dumps Saturn?
88 messages, Last post on Nov 23, 2009 at 7:58 PM
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Replying to: andre1969 (Oct 05, 2009 6:35 am) The "Theta Premium" is an evolution of the Theta platform and this is what the '10 SRX uses. Not that I believe everything posted in Wikipedia, but I've no reason to dispute this |
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General Motors Co. has halted production of Saturn cars and crossovers and plans to sell the thousands of Saturn vehicles it has in stock within the next four months. Many of the vehicles were built to supply to Penske Automotive Group Inc. But on Wednesday, Sept. 30, GM's expected sale of Saturn to Penske was canceled. Within 24 hours of that news, GM built the last Saturn vehicles, said GM spokeswoman Sherrie Arb. .....GM has about 12,000 Saturn vehicles in inventory, said Mark LaNeve, GM's vice president of U.S. sales. It is unclear how many of those are 2009s. "We sold about 3,000 Saturns last month, so that's about a four-month supply if you maintain that selling pace," LaNeve said. "I don't think [the canceled sale of the brand] will affect our total 2010 production rate at all." There are about 500 2010 Outlooks at the Lansing Delta plant waiting to be shipped, a GM spokesman said. Several dealers said they were told during a conference call that GM would not allow them to order 2010s. Some believe GM will dole out its inventory so that all continuing dealers' needs would be met. But others interpreted the no-order news to mean GM wouldn't ship the cars it has built lest that open GM to lawsuits under the terms of the dealers' wind-down agreement. Said GM spokesman John McDonald. "The intent here is to wind the dealers down ... not to keep pumping new product in the pipeline. But how do we pull back on the ordering process? We don't know yet." http://www.autoweek.com/article/20091005/CARNEWS/910059996 I thought there was going to be a production run for the 2010 model year, but it looks like they will be gone by Christmas....Saturn dealers must be so upset about this.
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Replying to: nippononly (Oct 05, 2009 5:41 pm) The Saturn website doesn't reference any MY 2010 vehicles - all are '09's except the Astra, which is '08 only. I, too, thought there would be some 2010 Saturns sold. I'm assuming that the '10's that have been built are so marked through the VIN number. Not that it matters ... the article states that it will take 4 months to sell what's in inventory ... I think it may take longer, or some serious incentives, to move them.
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Replying to: michaell (Oct 05, 2009 6:24 pm)
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Replying to: nippononly (Oct 05, 2009 7:11 pm) Aside from rebadges, the Astra is the most solid small car GM has ever built IMO and no other GM vehicle besides the defunct Vibe or the deathtrap Aveo/G3 offers the hatchback configuration. The Vue has no excuse. It's heavy, and the cargo volume is a pitiful compared to competitors like the CRV, RAV4 and Forester. I don't see much difficulty in moving out the final inventory if you are a GM shopper looking for an alternative.
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Replying to: anythngbutgm (Oct 06, 2009 6:25 am) I don't think the Malibu is really hideous, but it just doesn't do much for me. I would've taken an Aura over a Malibu even before they announced the demise of Saturn. And, if I was in the market for a car and found an Aura at a killer price, I'd still consider it. Heck, I've already got a DeSoto and two Pontiacs, so the Aura would have a few other orphans to keep it company. 
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That's a good question for Dave Ramsey....he'll have an answer and probably the best one you will ger. Log on to his website and take it from there. Good luck! 
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Replying to: lovue (Oct 15, 2009 2:19 pm) Remember, you're negotiating any buy-out with the bank or lender. It may be a captive Saturn lease and they may be more willing to deal than a private lender, but either way, the dealer may be out of the loop. |
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