Last week an unexpected announcement from GM and Penske that the pending deal was off, led to the unfortunate death of the Saturn brand. Shortly after the official announcement that GM would be killing Saturn, all production ended.
According to Mark LaNeve, GM’s vice president of U.S. sales, GM has about 12,000 Saturns currently in its inventory.
“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.”
Full Story: AutoWeek
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