2010 Mazdaspeed3

2010 Mazdaspeed3

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Photos by -Autonet.ca
Glen Woodcock
Published: 03 10 2009
DETROIT - General Motors Co. said Wednesday it would shut down its Saturn division after an agreement to sell it to Penske Automotive Group Inc. fell apart. The Bloomfield, Michigan dealership headed by Roger Penske walked away after it was unable to find a manufacturer to supply vehicles to it after a contract with GM runs out in 2011. A tentative deal for Saturn was announced on June 5. GM CEO Fritz Henderson said in statement that Saturn and its dealership network will be phased out. "This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality," Henderson said in a written statement. Penske's announcement "explained that their decision was not based on interactions with GM or Saturn retailers." Shares of Penske fell US$1.79 or 9.3 per cent to $17.39 in after hours trading. They rose $1.32, or 7.4 per cent to $19.18 in regular trading Wednesday. Penske said it negotiated with another manufacturer to make Saturn cars, but that company's board of directors rejected the agreement. Penske spokesman Anthony Pordon would not identify the other manufacturer. "Without having an agreement in place with that other manufacturer, our management team determined the risks and uncertainties related to the availability of that future product prohibits Penske Automotive Group from moving forward with the transaction," Pordon said. GM had agreed to keep building the Saturn Aura, Outlook and Vue models through 2011. After that Saturn would have to come up with its own products. Without another supplier in place before the deal was signed, Penske couldn't run the risk of taking on Saturn, Pordon said. It takes several years to design new vehicles or engineer foreign vehicles to meet U.S. standards. Penske would run the risk of having no products to sell once the GM contract expired. "There's a pretty long lead time," Pordon said. "You've got to try to time this so as the supply of one ends and the other one comes on board." Pordon said there is little if any chance that the talks could be reopened. GM said Saturn vehicle owners can still go to their Saturn dealer for service and would be able to go to a certified GM dealer for service once Saturn dealerships are closed. It had been expected that GM would announce the completion of Saturn's sale to Penske in the coming days.

Summary:

Year/Make/Model
2010 Mazdaspeed3
Price as tested
$32,995
Price range
As tested before taxes: MSRP range: $32,995
Freight
$1,395
Options
none
EnerGuide fuel economy ratings
11.5L/100km city; 8.0L/100km hwy
Observed fuel economy
10.7/100 km combined over 440 km
Warranty (basic)
3 years/ 80,000 km
Warranty (powertrain)
6 years/ 110,000 km
Competitors
Chevrolet Cobalt SS; Honda Civic Si; Mitsubishi Lancer Sportback Ralliart; Subaru Impreza WRX

Strong Points

Weak Points

  • - performance
  • - handling
  • - driving position
  • - price
  • - no automatic transmission available

Editors Rating:

Fuel consumption
not bad for a performance car
Value for price
well priced pocket rocket
Styling
tasteful boy-racer design
Comfort
great seats front and back
Performance
zoom-zoom personified
overall
a blast to drive

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