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Discussion Starter #1
I would think Buick more than Saturn..ask for niche vehicles, why waste another electric vehicle like the ev1's name on Saturn if it adds no value to GM?

http://jalopnik.com/5155377/gm-to-officially-kill-saturn-brand-most-of-pontiac

Our sources tell us GM's viability plan set to be released at 5:00PM will kill the Saturn brand by 2011. Pontiac will also go away as a division. But the nameplate will sorta live on.

So basically, what we've heard is the brand meant to compete against the foreign brands is dead — Saturn goes away in 2011. There will be no new products for Saturn and Saturn dealers are getting a video from Mark LeNeve at 5:00 PM to inform them. We're thinking Mark should cut a check to send with it. As far as Pontiac, it goes away as a division. The nameplate will live on on some vehicles — but we've got no idea what "niche products" they're talking about.
 

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Sadly, this was coming for a long time. Saturn had a good idea but their cars were cheaply built. They just totally changed their lineup to decent cars but they still didn't sell. And although Buick is flat in the US, it's one of the best selling cars in China. They sell more Buicks in China than in the US and it's like buying a Cadillac here.
 

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And Saab declares bankruptcy

http://biz.yahoo.com/ap/090220/eu_sweden_saab.html

STOCKHOLM (AP) -- Automaker Saab filed for bankruptcy protection Friday and has applied to be spun off from its parent company General Motors, officials said.
An application to reorganize the Swedish-based unit was filed at a district court in Vanersborg, in southwestern Sweden, Saab spokeswoman Margareta Hogstrom said.

The move comes after the Swedish government rejected a request from loss-making GM to inject money into the carmaker. GM has been looking for buyers for Saab but said it needs more funding to put the brand up for sale.

"We explored and will continue to explore all available options for funding and/or selling Saab and it was determined a formal restructuring would be the best way to create a truly independent entity that is ready for investment," Saab's managing director, Jan Ake Jonsson, said in a statement.

The process is similar to a Chapter 11 bankruptcy in the U.S.

"Pending court approval, the reorganization will be executed over a three-month period and will require independent funding to succeed," Saab said.

On Wednesday the Swedish government rejected GM's plea for state funding for Saab, saying it was up to the U.S. automaker to save the brand.

GM said it needed about $6 billion in support from the governments of Canada, Germany, Britain, Sweden and Thailand to provide liquidity for its operations in those countries.
 

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That's too bad especially since they were just getting their act together. The Saturn Aura was pretty decent and the Sky was basically an Opel or Pontiac Solstice, which get 260 hp out of only 2.0 liter engine.
 
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