Related: Daimler AG, Penske Automotive Group, Inc.
NEW YORK (AP) -- General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, both companies said Friday.
Penske has signed a memorandum of understanding that would give his dealership chain, Penske Automotive Group, Saturn's 350 dealerships, the companies said. Penske said that he expects to offer all the dealers new franchise agreements and will retain all 13,000 Saturn employees for the immediate term.
"I would expect that the model that we're putting together, the distribution model, will be profitable day one," Penske said in an interview with The Associated Press. "We'll have less costs. We'll not be in the manufacturing side."
Related: Daimler AG, Penske Automotive Group, Inc.
NEW YORK (AP) -- General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, both companies said Friday.
Penske has signed a memorandum of understanding that would give his dealership chain, Penske Automotive Group, Saturn's 350 dealerships, the companies said. Penske said that he expects to offer all the dealers new franchise agreements and will retain all 13,000 Saturn employees for the immediate term.
"I would expect that the model that we're putting together, the distribution model, will be profitable day one," Penske said in an interview with The Associated Press. "We'll have less costs. We'll not be in the manufacturing side."
For two years, and then he is free to buy whatever he wants to sell as a Saturn.focaljet-1 said:Not surprising, Penske and GM have struck a deal to keep the Auras, Vues, and Outlooks flowing.
A to the ****en Men! :thumbup:Rockefela said:I see alot of potential in this deal! Maybe Penske can keep the Saturn ideals from launch alive while also bringing over better models from Europe...
:lol::thumbup:focaljet-1 said:I don't mind no haggle pricing schemes if they don't try to game that system. But, when I go into buy a new car at a dealership I've never dealt with before, I go in on the offensive:
1. I dress casually upscale
2. Tell them I don't have a lot of time to waste, so don't whip out the Four Square
3. Drop the fact that I work in the automotive industry
4. Let them know I'm ready to buy today
5. Tell them to give me their best price first, no BS
6. Counter with the amount I've figured that I am willing to spend
7. Tell them I'm prepared to turn 180 and walk out and stick to it
Unless the dealership is super sleazy it almost always works. Other times, they let me walk, but called within 24 hours and had magically found a way to make my offer work.
And when I'm ordering, I say I'll put a fully-refundable deposit down today, sometimes I even negotiate that down. But, I want the final cost on a dealership document, signed.
I don't consider myself a Grinder, but when I say no BS, I mean no BS. Once, when buying one of my wife's cars, they tried to change the deal when it was time to sign. This was after a longer than normal negotiation. It was late (dealership closing time) and I was tired. I'm not normally violent, but I punched a huge dent in a steel cabinet when they tried to do their little bait and switch number. That got their attention.:lol:
So have I, and thats how we basically walked away with $14K off MSRP on the RAM. But it was a HOSTILE experience. You had to treat the dealership and the salesman as an ENEMY, someone AGAINST YOU.focaljet-1 said:I don't mind no haggle pricing schemes if they don't try to game that system. But, when I go into buy a new car at a dealership I've never dealt with before, I go in on the offensive.
Still no extension for the Sky / Solsticefocaljet-1 said:Not surprising, Penske and GM have struck a deal to keep the Auras, Vues, and Outlooks flowing.
It is good news, but I'm sure if they were nice buildings up for sale that another manufacturer would have purchased them for the right price.edjamin' franklin said:Still no extension for the Sky / Solstice
This is good news as at least we won't have 350 practically brand new buildings sitting there boarded up with towering weeds.
Thats sales for you. For better or worse thats how it tends to go. There tends to be two kinds of sales people.funkdaddyfresh said:I was canned form a Chevy dealership for not being hard nosed with the potential buyers. AT the start of the day, I would pick out about 4-5 cars and find the rock bottom price and try to sell those. People would treat me like **** because they thought I was trying to do the bait and switch with them. But in all honesty, I didn't want to bother with the 4 square and I was too lazy to try way to hard for a sale. I made pretty decent money doing this and moved cars. But the dealership didnt like the fact that I was making them a ton of money. So I was sadly let go.
I found that once people saw that I wasn't trying to give them the once over they kind of let their gaurd down. another reason for doing this is I hated that people didn't like me before they even knew who I was. I at least wanted a chance to offend them once or twice for that. - ha-
There are actually a lot of exceptions to those rules, although yes, unfortunately we're in the minority. But it's so funny that I can spend 3 hours with a customer, and I am the most sincere, laid back, and easy to read guy in the world, and some customers still look at me like I'm the devil. It's usually older guys, I guess for buying cars from shady sleazebags for 40 years.Cameroon said:Thats sales for you. For better or worse thats how it tends to go. There tends to be two kinds of sales people.
Those who are new and haven't realized what a horrible job it is
and complete a-holes.
I know there are exceptions but they are exactly that exceptions.