Saturn orbiting toward foreign influence

Saturn orbiting toward foreign influence

Play all audios:

Loading...

Saturn Aura Source: saturn.com It is increasingly clear GM's beleaguered Saturn brand will be orbiting around a foreign auto maker. This doesn't mean Saturn will become a brand


operating under the umbrella of a foreign company. More likely is a scenario where Saturn vehicles are supplied by a foreign auto maker and then sold as Saturn models. It's a business


plan that lets GM unload its Saturn Distribution Network while giving Saturn dealers with a new lifeline. GM has confirmed it is talking with one group that includes Saturn dealers and the


private equity firm Black Oak. At some point the group would eventually turn to an overseas manufacturer to build Saturn.They are not the only parties interested in Saturn. CNBC has learned


there is one other auto supplier also in the running for Saturn. Either way, the brand GM created will be finding its way with a different parent. GM says it will update talks about Saturn


within the next week. WHAT ARE THE ODDS A NEW SATURN WILL SUCCEED? Depends on how quickly the new owners can fill a Saturn product pipeline that will run dry by late 2010. The brand still


has a connection with buyers and the dealer network is considered one of the best in the business. In short, it's a brand that could flourish if it gets the appropriate amount of


attention. _____________________________________ Click on Ticker to Track Corporate News: - Ford Motor - General Motors - Toyota Motor - Nissan - Honda Motor


_____________________________________ _Questions?  Comments?  [email protected]