This Bear Is Up a Tree

This Bear Is Up a Tree
photo by Scott Granneman

Monday, October 5, 2009

Yikes - Saturn Deal Dead!!

I read it in last Fridays WSJ. Some of you business people tell me what this means for my daugher who is still paying for her Saturn?

8 comments:

  1. I'm not business, but I'd guess it either means absolutely nothing and she'll pay what she initially agreed to or she have some wiggle room and might be able to pay less.

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  2. Honestly there really shouldn't be anything to worry about. You're daughter is paying a certain set amount that her and the dealer or private party decided on. There should be no reason at all for it to change for the worse. If anything, like said above, it might go down but I really wouldn't count on it. In all likely hood everything will remain the same.

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  3. I'd have to agree. You shouldn't have to worry about replacement parts either. GM still plans to prduce some replacement parts for Saturn too. The only thing that'll happen is that, your daughter won't be able to buy another new Saturn. Though, in all honesty, moat recent Saturns were Opels with Saturn badges. Those might come over as a cheap way for GM to get small cars on the roads. That's just my wishful thinking though.

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  4. There shouldnt be much difference. They wouldnt just let all saturn owners just out to dry like that. Just wont be able to get a newer model from now on.

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  5. I drive a saturn, and i really don't like how they went out of business. I am not sure who to take my car to for maintenance, as well as what this means for trade ins down the road.

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  6. It means Saturn went out of business, but I read that the replacement parts for these cars will still be manifactured, so I do not think there is anything to worry about.

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  7. This doesn't change anything. Your daughter will still have to pay the money she owes, if any. She might have to find another place to take it into for checkups but that will probably be it.

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  8. I read the WSJ article for my Business 1301 Class. Regardless of Saturn moving out of existence, they will still collect payments and still operate in maintainance capacities despite the end of manufacturing. Unfortunately, as far as companies go your daughter will not be as well cared for as a customer since drastic change is occuring, but do not fear that all ends have come for the company. It will likely be swallowed and adapted just as Jeep and Chrysler and other car manuafacturing brands have banded together taking each other's chasseys or modifying the assembly process. Inevitably some good will be found in the Saturn's assests, and another more fortunate and financially healthy company will take over.

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