"In US Congressional hearings on December 2, 2008, General Motors announced its intentions to focus on four core brands (Chevrolet, GMC, Buick, Cadillac), with the sale, consolidation, or closure of Saturn and the remaining brands (Hummer, Saab, Pontiac). General Motors Chairman and former CEO Rick Wagoner announced during a news conference on February 17, 2009 that Saturn will remain in operation through the end of the planned lifecycle for all Saturn products (2010-11). In the interim, should Saturn retailers as a group or other investors present a plan that would allow a spin off or sale of Saturn Distribution Corporation, GM would be open to any such possibility. If a spin off or sale does not occur, it is GM's intention to phase out the Saturn brand at the end of the current product lifecycle. If the brand were to be phased out, it would be the second such action for GM in the 21st century, the first being that of Oldsmobile, which ceased production in 2004. In recent news concerning restructuring of GM the corporation declared its intent to part with this brand by closing or selling the division, either to investors or to dealers, as part of plans dependent upon the receipt of a second round of government loans ("bailout" funding)." Source and further information: http://en.wikipedia.org/wiki/Saturn_Corporation