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GM would continue building the Aura, Outlook and Vue for Penske for two years.
However, the Penske deal failed and now the Saturn division is defunct.
It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors (OTC Pink: MTLQU), the second to handle environmental response for MLC's remaining assets, a third to handle present and future asbestos-related claims, and a fourth for litigation claims.
Compensation has not yet been awarded in cases where individual dealer franchise property and ownership rights were transferred for the purpose of granting such rights to a nearby dealer selected by General Motors.
In addition to reports of fraud and theft filed with the police, GM dealers joined to form the Committee to Restore Dealer Rights.
Our principal business activities are to dispose of the assets formerly held by Winthrop Realty Trust in an orderly fashion.
Winthrop Realty Liquidating Trust K-1s will be available on March 27, 2017 at PM.