Created Mon 27th Apr 5:11pm PST by

tarpash Level 15, Seer (H$481,147)

What will happen to Saturn in 2009?

Settled as Survives: sold or becomes independent

Although the deal hasn't closed yet, it's pretty sure to go through, so for the purpose of this question we can settle as option one: Saturn survives or becomes independent

Background:

Background: http://news.yahoo.com/s/ap/20090427/ap_on_bi_ge/us_gm_plan

"The company said it would phase out its storied Pontiac brand no later than next year, and the futures of Hummer, Saturn and Saab will be resolved by the end of this year by either selling them or phasing them out."

What will happen to Saturn in 2009? Market suspends on Dec. 12 and settles on Jan. 1 if no answer is known before then.

Settlement details:As reported by a major mainstream news source.

Forecast history %

Survives: sold or becomes independent

79%

Dead: GM discontinues brand

13%

Saturn remains part of GM throughout 2009

other outcome

Settled as Survives: sold or becomes independent on Mon 15th Jun 10:59am PST

Activity: H$13,257
Predictions: 24
Comments: 1

Suspend date: Sat 12th Dec 9am PST (3 weeks to go)
Settlement date: Mon 15th Jun 10:59am PST

Initial likelihoods: Survives: sold or becomes independent: 30%, Dead: GM discontinues brand: 53%, Saturn remains part of GM throughout 2009: 15%, other outcome: 2%

Action history:

Created Mon 27th Apr 5:11pm PST by

tarpash Level 15, Seer (H$481,147)

Settlement requested Thu 4th Jun 11:22pm PST by

rogerkni Level 15, Seer (H$427,914)

: "Penske Auto Said to Win Bidding to Buy GM's Saturn Unit for $200 Million":

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1I98KorF4v4

Suspended Fri 5th Jun 4:25am PST by

bayoubear [Admin]

: current news report indicate a decision may be announced very soon...will reopen if not

Settlement requested Mon 15th Jun 10:47am PST by

tarpash Level 15, Seer (H$481,147)

: http://www.marketwatch.com/story/gm-reportedly-lines-up-deals-for-saturn-delphi

We should either settle or reopen and wait until deal closes.

Settled as 'Survives: sold or becomes independent' Mon 15th Jun 10:59am PST by

bayoubear [Admin]

: Although the deal hasn't closed yet, it's pretty sure to go through, so for the purpose of this question we can settle as option one: Saturn survives or becomes independent

hide

Suspend date: Sat 12th Dec 9am PST (3 weeks to go)
Settlement date: Mon 15th Jun 10:59am PST details

Get widget!

Predictions (24)

24 weeks ago

zvassil Level 17, Superdubber (H$1,057,547)

predicted Survives: sold or becomes independent (H$500 at 77%)

24 weeks ago

bayoubear [Admin]

predicted Survives: sold or becomes independent (H$1,000 at 74%)

24 weeks ago

rogerkni Level 15, Seer (H$427,914)

predicted Survives: sold or becomes independent (H$500 at 70%)

24 weeks ago

tarpash Level 15, Seer (H$481,147)

predicted Survives: sold or becomes independent (H$2,000 at 59%)

24 weeks ago

superbadsteve Level 1, Newbie (H$621)

predicted Survives: sold or becomes independent (H$250 at 50%)

Comments (1)

coolkraft Level 14, Prophet (H$130,321)

http://www.foxnews.com/story/0,2933,525191,00.html

posted 24 weeks ago

Please log in or join to add a comment

Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...

By joining you are agreeing to our terms of service

Related News
This news is selected automatically based on the question, its background, options and tags

score: 10

Death of Pontiac May Come Sooner Than Expected

Wards Auto.com 27 weeks ago

General Motors Corp. plans to phase out its Pontiac division by the end of 2010, but doubt exists whether the 83-year-old brand will last that long, especially if the auto maker

score: 10

GM Speeds Up Potential Sale of Saturn

Wards Auto.com 28 weeks ago

General Motors Corp. accelerates talks with a number of parties interested in its Saturn brand and dealer network, as the auto maker tries to whittle down to four core brands. 'GM

score: 10

General Motors to proceed with plans to sell Saturn

RTTNews.com 28 weeks ago

) - Automaker General Motors Corp. (GM: News ) said Monday that it will proceed with plans to sell the Saturn brand as several potential buyers have evinced interest in the brand and retailer network

score: 10

GM Moves Ahead With Selling Saturn; Hopes For Deal By 2010

CNN Money 28 weeks ago

DOW JONES NEWSWIRES General Motors Corp. (GM) said Monday it is moving ahead with plans to sell its Saturn brand after receiving interest from multiple suitors as the ailing auto maker looks to secure

score: 10

GM Plans to Sell Saturn This Year, 2 Years Early

ABC News 29 weeks ago

The top executive of General Motors Corp.'s Saturn brand says the company will sell or phase out the brand by the end of this year, nearly two years faster than previously announced. Saturn General