InvestorsHub Logo
icon url

marayatano

06/05/09 11:09 AM

#4790 RE: puppydotcom #4786

So your saying that GM will not benefit from selling Saturn to Penske and continue to produce Saturn cars on a contract basis?

In my opinion, the GM Estate receives the proceeds from the sale of Saturn. Not only that, but the Estate receives to revenue for producing the Saturn cars on a contract basis which will carry to GM (which entity is unknown at this time) after the reemergence from BK CH 11, but the Estate still benefits financially.

Getting ride of a money drain Saturn was, reducing risk of inventory of Saturn cars, and revenue/income from producing Saturns on a contract basis. $$$

Still think that it has nothing to do with GM?