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Saturn to be shut down

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Old 09-30-2009, 11:19 PM   #1
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GM Will Shut Down Saturn After Penske Automotive Pulls Out of Purchase Negotiations

DETROIT The Penske Automotive Group, in a surprise decision, has dropped out of talks to purchase the Saturn brand from General Motors. In a statement on Wednesday afternoon, GM President CEO Fritz Henderson said the termination means "we will be winding down the Saturn brand and dealership network." A Penske statement said it's pulling out because of the "risks and uncertainties related to the availability of future products."

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