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Why has Saturn been a troubled brand for GM? Explain to me how can the largest car maker in the world fail at selling a car at a profit. Saturn is the contender to the very profitable market of Japanese small and medium size cars especially when they are reasonably liked. There can be only one answer, GM did not want to succeed. Crazy? When you look at the company’s struggles they were mostly labor hardships not technological challenges, their foe was the unions not the limits of gas mileage, better metals or lower prices like the challenges of Intel, Apple or Sun.
GM is a company whose leadership has had one strategy: to manufacture abroad the US. The Hummer was built in South Africa, Saab in Sweden with plans to build a plant in Russia. All of that is past because we have new players.
Penske (PAG:US Penske Auto Group Inc ) Operates franchised automobile dealerships throughout the United States and the U.K.
Closed: 11.55 fell: -0.63 / -5.17% /Dividend Yield: 3.12%
compared to GM:
Closed: 1.92 rose: +0.47 / +32.41% /Dividend Yield: N/A
Magna ( MGA:US Magna International Inc ) Designs, develops, and manufactures automotive systems, assemblies and components, and engineers and assembles complete vehicles. The Company sells its products primarily to OEM.
Closed: 32.72 Rose: +0.59 / +1.84% 2.20%
Watch the price of Gold! whatz Up?