# Penske deal fails, Saturn to be shut down

**URL:** <https://forums.speedlife.net/t/penske-deal-fails-saturn-to-be-shut-down/203842>\
**Category:** PittSpeed Automotive\
**Created:** [October 1, 2009, 8:39am UTC](https://forums.speedlife.net/t/penske-deal-fails-saturn-to-be-shut-down/203842 "2009-10-01T08:39:01Z")\
**Posts on this page:** 1\
**Showing post:** 25

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**Author:** ![Darkstar](https://avatars.discourse-cdn.com/v4/letter/d/b487fb/32.png) [@Darkstar](https://forums.speedlife.net/u/Darkstar)\
**Post date:** [October 7, 2009, 7:12am UTC](https://forums.speedlife.net/t/penske-deal-fails-saturn-to-be-shut-down/203842/25 "2009-10-07T07:12:28Z")

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> [@Wegman's is trend setting](https://forums.speedlife.net/t/wegmans-is-trend-setting/41265/34):
>
> a line of credit from a bank is not the same as tax payer bailout money from the government. Ford also sold off it’s lesser performing brands a few years ago anticipating this economy. Ford is still a family owned business who cares about the future, GM and Chrysler just hire a CEO who could care less about the company after he retires. As long as he gets his money.
> 
> If GM and Chrysler made a better product for less money than toyota or nissan, etc…, they would not be in this situation in the first place, so yes, their products are inferior.
> 
> Who said the foreign companies don’t employ americans? And it really has nothing to do with the discussion, but thanks for throwing it up there.

There is so much stupid in this post I don’t know where to begin. What the fuck is the difference if GM had to get it’s line of credit from a government subsidized bank or right from the government itself? You might say “oh the taxpayers are now on the hook.” Bullshit. The government will eventually get it’s money back and probably make a profit on the deal. Not tomorrow or the day after, but the money HAS to be paid back.

As far as Ford being family owned and “caring about the future”

Are you fucking serious? On a car board, we’re really going to play fanboy over companies corporate structures? Just because FOMOCO got itself into serious trouble a few years BEFORE GM and Chrysler and was forced to liquidate some assets doesn’t mean they’re smart. It means they lucked out, in a way.

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