Chrysler

GM Kills Saturn After Penske Ends Deal

By David Goldman, CNNMoney.com staff writer Last Updated: September 30, 2009: 5:18 PM ET NEW YORK (CNNMoney.com) — Car dealership operator Penske Automotive Group announced on Wednesday that it has cancelled plans to acquire General Motors’ Saturn unit. As a result, GM said it will wind down the brand and dealer network. The announcement comes nearly […]

More

Nobel Winner Krugman: U.S. Auto Industry Will Likely Disappear

USATODAY.com Nobel winner: U.S. auto industry will likely disappear STOCKHOLM (AP) — Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear. “It will do so because of the geographical forces that me and my colleagues have discussed,” the Princeton University professor and New York Times columnist told […]

More