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Saturn Consortium company history timeline

1985

Saturn was formed in January 1985 as an experimental independent subsidiary of General Motors Corp.

Shortly after the January 7, 1985 unveiling of Saturn Corp., William E. Hoglund was appointed as the company president.

On January 7, 1985, the Saturn Corporation was officially founded.

The first marketing customer clinic was held in San Francisco in March 1985, five years before production began.

On July 26, 1985, the UAW executive board approved a unique labor agreement for Saturn.

1985 Saturn Corporation is incorporated as a GM subsidiary and Spring Hill, Tennessee, is chosen as a plant site.

1986

The first "Saturn team members" moved to Spring Hill in February 1986, including Richard G. (Skip) LeFauve, the new president of Saturn Corp.

Hoglund served until Richard G. “Skip” LeFauve succeeded him on February 3, 1986.

1987

Led by Donald Hudler, the team studied distribution methods of 30 major United States corporations and came up with Saturn's Market Area Approach (MAA), which was announced on May 26, 1987.

The year 1987 was a big one for the company, as parent company General Motors funded the construction of the facility.

1987 Saturn's logo is created.

1988

In February 1988 Saturn began recruitment of 3,000 workers.

Riney set about creating a "charismatic brand." He felt strongly that model names would detract from the Saturn name and insisted that the cars simply be called "Saturns," with numbers distinguishing various models. As a result, the Hal Riney & Partners agency was named as Saturn's "communications partner" on May 24, 1988.

1988 The Spring Hill plant is completed and 3000 workers are hired.

1989

In February 1989 the first print ad appeared, even though cars would not be available for more than a year.

In April 1989 Riney produced "Spring, in Spring Hill," a documentary explaining the company to employees, suppliers, and the press.

1989 First Saturn dealers are appointed.

1990

Cars began arriving at the dealers' doors in October 1990.

By the time the Saturn brand was launched in Japan, the Japanese economy was already in a sharp decline following the 1990 collapse of the Japanese asset price bubble.

1992

In June 1992 the first exports went to Taiwan.

Butler, Lacrisha, “Sasser Praises Saturn Work,” The Tennessean, Nashville, October 7, 1992.

1993

Saturn announced its first profitable month in May 1993.

Taylor, Alex, “Blah Car, Bad Book—In the Rings of Saturn by Joe Sherman,” Fortune, November 29, 1993.

In 1993 Saturn was set to sell 200,000 cars, garnering 1.4 percent of the market.

--Thanks to a unique partnership between Saturn and its retailers, in 1993 the retailers rebated back to Saturn 1% of the cars' sales price, to get GM's permission to start a third production shift.

1994

Lippert, John, and Greg Gardner, “Saturn Needs to Expand to Survive, Says United Auto Workers Union,” Knight-Ridder/Tribune Business News, January 10, 1994.

In June 1994, for example 44,000 Saturn owners and their families drove their Saturns to Spring Hill for a three-day "homecoming," a feel-good event in which the relationships between dealer and customers were further cemented.

Saturn's sales had fallen, however, from a peak of 25,000 per month the year before to 15,000 per month in 1994.

Saturn's best year was 1994 when it sold 286,003 units of the S-series.

Aaker, David A., “Building a Brand: The Saturn Story,” California Management Review, Winter 1994.

Gilbert, Stuart C., “Observations on the Saturn Project: Site Selection, Financia,” Economic Development Review, Fall 1994.

Moreover Saturn faced increased competition from South Korea's Hyundai Motor Co. and from United States automakers such as Chrysler, which introduced the Plymouth/Dodge Neon subcompact model in 1994.

When the Neon was first launched it 1994, the company (then Chrysler) attempted to imbue the car with a likable personality.

1994 Saturn reports its first profitable year.

1995

In May 1995, Saturn's one millionth car entered the market.

winter, drew. "saturn turns 10." ward's auto world, july 1995.

1996

——, “Saturn Takes on Japan’s Market for Small Cars,” Financial Times, July 9, 1996.

Nevertheless, the experiment continued, as Saturn took the battle for small-car dominance to its most formidable competitors' home turf, appointing six distributors in Japan in 1996.

In 1996, Saturn dealerships distributed the electric GM EV1, the first electric car released under the GM marque.

1997

According to a company news release dated August 1, 1997, the average Saturn buyer was a woman in her early forties with a college degree.

"saturn struggles with gm's global strategy (to derive most of its small car platforms off a common global architecture)." ward's auto world, september 1997.

In 1997 Saturn entered the Japanese market, meeting head-to-head with the competition it was created to beat.

In 1997 Saturn began exporting cars to Japan.

white, eleanor. "relying on the power of people at saturn." national productivity review, winter 1997.

1998

In January 1998 sales were down 20 percent over the previous January.

kerwin, kathleen. "why didn't gm do more for saturn?" business week, 16 march 1998.

Moreover, in March of 1998, Volkswagen AG launched its New Beetle into what the Wall Street Journal termed "a cutthroat market" and captured the bulk of the attention aimed at the small-car sector.

Fann, Gina. "Saturn Springs First Three-Door Sports Car." The Tennessean, October 30, 1998.

Mateja, Jim. "Saturn Open-Door Policy a Breakthrough." Chicago Tribune, October 30, 1998.

On November 1, 1998, the Saturn Corporation, a subsidiary of General Motors (GM), became the first car company to offer a three-door coupe when it introduced an updated model of its SC coupe.

In December 1998 Saturn reported "its first month-over-month increase since April," according to the Sunday Gazette-Mail.

saturn student packet. spring hill, tn: saturn customer assistance center, 1998.

Price cuts are announced for 1998 US models.

1999

Gowrie, David. "Dealer Sells Saturn on Idea." Northern New Jersey Record, January 5, 1999.

In January 1999, Saturn rolled out its two millionth car.

Expanding the Product Line: 1999 and Beyond

When Saturn finally did release a new vehicle in 1999 it was the ill-fated L-series, a midsize sedan designed to compete with the Toyota Camry and Honda Accord.

2000

The Saturn Ion was released in 2000 to replace the S-series.

Even as late as 2000 it ranked second in owner satisfaction, behind Lexus.

2001

In reality, sales peaked at 98,000 units in 2001.

2002

In 2002 the L-300 was only ranked 19th out of 25 in a quality survey of midsize sedans conducted by J. D. Power & Associates Inc.

2002 Saturn releases its first SUV called the Vue.

The winner, in early 2002, was Goodby, Silverstein & Partners, based in San Francisco.

Writing for Advertising Age in 2002, Bob Garfield maintained that Riney's "long-cultivated folksiness" approach to advertising the Saturn "attracted certain buyers but repelled many others.

2003

The spot also garnered the prestigious Gold Lion award for Goodby at the 2003 International Advertising Festival in Cannes, France.

2004

In late 2004 Saturn released its first minivan, called the Relay.

The campaign culminated in the introduction in 2004 of a new tagline, "People first," replacing Saturn's first slogan, "A different kind of company.

In 2004, GM and the United Auto Workers dissolved their unique labor contract for the Spring Hill manufacturing plant, allowing Saturn operations to be integrated with the rest of GM.

2005

Favorable reviews about Saturn's new additions fanned excitement about the brand's resurrection throughout GM. In 2005 Saturn sold 214,000 vehicles, an improvement over previous years.

It has 46 known moons (in 2005), 14 of which have irregular orbits; the largest, Titan, has a dense atmosphere.

2005 The Saturn L-series is cancelled.

2006

2006 A new Saturn midsize sedan and two-seat roadster are introduced.

2006 The Sky roadster joins the Saturn lineup.

2008

2008 GM chairman Rick Wagoner testifies during Congressional hearings that Saturn could be sold, consolidated, or terminated along with Hummer, Saab, and Pontiac brands.

The Ion was replaced by the European-built Astra in 2008.

2009

General Motors announced in June 2009 that it was selling the Saturn brand to Penske Automotive Group.

2010

At one point Penske was in talks with some car manufacturers including Renault Samsung Motors and the Renault-Nissan Alliance, however talks with the Renault-Nissan Alliance had ended mainly because of objections from the Nissan part of the alliance. As a result, General Motors announced that the Saturn brand would be discontinued in 2010, and that all Saturn dealerships would be closed by October 31, 2010, or until all of their inventory had been sold.

GM had continued to produce the Aura, the Outlook, the Sky, and the Vue into the 2010 model year.

2011

Another part of the deal between Penske and GM was for GM to continue making the Aura, the Outlook, and the Vue until 2011, and then another manufacturer would take over.

2012

In 2012, General Motors rebadged and reintroduced the discontinued Saturn Vue as the 2012 Chevrolet Captiva Sport.

2022

"Saturn Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/saturn-corporation-1

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