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04-15-2009, 09:54 PM
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CD News Reporter
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Join Date: Jan 2007
13,389 posts, read 8,595,183 times
Reputation: 5451
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News, Investor group says it may buy GM's Saturn brand.
DETROIT — An Oklahoma City private equity firm has teamed with a group of Saturn dealers in an effort to buy the money-losing brand from General Motors (GM).
The proposal from a group led by Black Oak Partners is among several that GM has received for the brand, said GM spokesman Mike Morrissey.
http://www.usatoday.com/money/autos/...n-buyers_N.htm |
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04-16-2009, 08:19 AM
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!
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Join Date: Oct 2008
Location: Nokerlina
3,658 posts, read 1,292,532 times
Reputation: 2322
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Oklahoma City?
It's not T-Bone, is it? Next thing you know we'll have wind-powered Saturns.
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04-16-2009, 10:54 AM
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Senior Member
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Join Date: Dec 2008
2,105 posts, read 922,566 times
Reputation: 831
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He wants natural gas vehicles.
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04-16-2009, 03:46 PM
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Senior Member
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Join Date: Dec 2007
13,830 posts, read 5,924,141 times
Reputation: 2506
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That is a evry easy to do conversion ;so you never know what they have planned.
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04-17-2009, 06:02 PM
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Senior Member
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Join Date: Dec 2007
Location: The Great Lakes State
720 posts, read 659,385 times
Reputation: 125
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I think that this is good news, at least the Saturn brand will live on, and may be built the way that it was intended on being built in the first place when it was created (fuel efficient).
Even though I hate seeing the collapse of GM, I see this as a steep in the right direction for the brand.
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04-17-2009, 11:21 PM
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Senior Member
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Join Date: Jul 2008
3,498 posts, read 1,345,018 times
Reputation: 1555
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Could be an interesting concept with low overheads and more flexibility. Manufacturers like BMW and Porsche already contract out to companies like Steyr and Valmet to produce their cars.
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04-17-2009, 11:26 PM
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There's beauty in the solace of not giving a damn.
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Join Date: Nov 2006
Location: Chicago
16,094 posts, read 12,433,587 times
Reputation: 4517
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What does a private equity firm know about running an auto business? How's Cerberus' buyout of Chrysler going?
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04-18-2009, 02:08 PM
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Senior Member
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Join Date: May 2008
1,732 posts, read 1,006,298 times
Reputation: 423
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Quote:
Originally Posted by Drover
What does a private equity firm know about running an auto business? How's Cerberus' buyout of Chrysler going?
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From what I understood, the "company" would contract out the building of cars, and maybe even the development. The problem, or one of the main problems, Cerberus has is the union and the facilities it has to maintain. |
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04-18-2009, 09:09 PM
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Senior Member
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Join Date: Dec 2007
Location: The Great Lakes State
720 posts, read 659,385 times
Reputation: 125
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I hope FIAT takes a controlling stake in Chrysler down the road, if they decide to take the 35% or 20% in a couple of weeks.
It's obvious that Cerberus had no idea what they were getting themselves into when they bought Chrysler. If FIAT eventually takes full control or at least controlling interest Chrysler may have a choice as a leaner company. But right know Cerberus is doing Chrysler no good.
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