General Motors' troubled Saturn Brand has been sold to the JingleHeimer-Schmidt Company of Whalenberg, Germany. It was a move which surprised most industry analysts.
The new Saturn, to be renamed the JingleHeimer-Schmidt, will be available in small quantities at first. The 2011 year's production of the JingleHeimer-Schmidt will be limited to 11,000 hand-crafted units. Although the company hopes that, as it's proficiency in manufacturing increases, so will the number of cars built.
This will be the first foray into manufacturing For JingleHeimer-Schmidt, a predominate name in the children's entertainment field. The last minute sale of the brand, pending government approval, sent GM's stock soaring to a new 52 week high of $6.00 per share. JingleHeimer-Schmidt shares remained unchanged, at $23,234 US dollars per share.
Exclusive rights to the sale of the 2011 JingleHeimer-Schmidt, in the United States, have been awarded to the John Jacob Auto Dealers Group of Worthington, West Virginia. So if you are among the fortunate few to be driving the new car next year, whenever you go out, you will hear the people shout: "There goes a John Jacob JingleHeimer-Schmidt!".
