Saturn dealers approach the end of the road

Tim Catts

It's been more than a week since General Motors announced it would shut down its Saturn brand after talks to sell it to Penske Automotive Group (PAG) fell apart. But time hasn't softened the sting for Stuart Lasser, who owns three Saturn dealerships in northern New Jersey. "I'm still shell-shocked about the whole thing," he says.

Lasser, who has already stopped selling autos at one dealership and plans to turn another into a used car lot, is hardly alone. Some 350 Saturn franchises across the country face a bleak future now that GM has said they have until this time next year to sell their remaining cars and shut down.