the visible hand

it is the theory which decides what can be observed – einstein

Dealers may buy Saturn

Posted by ecoshift on April 16, 2009

Dealers may buy Saturn | Freep.com | Detroit Free Press
Group says it could save 10,000 jobs
BY JUSTIN HYDE • FREE PRESS WASHINGTON STAFF • April 16, 2009

A group of Saturn dealers said they could save about 10,000 jobs at 440 Saturn dealerships in the United States and Canada — along with the costs of closing those stores — if General Motors Corp. sells the brand to them.

Telesto Ventures said it would not build vehicles and would only keep a skeletal design crew on hand to adapt models from other automakers to a Saturn look. It also said it would focus future models on fuel-efficient and electric vehicles from other automakers.

While such a business model doesn’t exist today, Telesto’s backers say the global overcapacity among automakers and the growing number of start-up firms in China and elsewhere would give the reformulated Saturn several possible sources of new vehicles.

Finding automakers to work with “is not a tremendous concern,” said John Pappanastos, a group spokesman. “It would allow manufacturers not in the United States to launch without incurring the largest expense they would otherwise face, setting up a distribution network.”

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