Sign in to follow this  
Followers 0

AutoBlog: BREAKING: GM reportedly agrees to sell Saturn to Penske

1 post in this topic

Filed under: Car Buying, GM, Saturn


According to The New York Times, General Motors has come to terms with a consortium led by industry icon Roger Penske to sell its ailing Saturn brand. The agreement, which is expected to be announced later today, will apparently see Penske add Saturn brand and its stand-alone showroom network to his existing portfolio of 310 global dealers.

Penske, as you may recall, already has sole distribution rights to the Smart microcar lineup in the States, and he will apparently continue to sell GM-produced Saturn vehicles initially, after which he is expected to begin importing foreign autos from companies like Renault's Samsung Motors subsidiary in Korea.

[source: The New York Times | Image: A. Messerschmidt/Getty]

BREAKING: GM reportedly agrees to sell Saturn to Penske originally appeared on Autoblog on Fri, 05 Jun 2009 09:26:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments


autoblog?i=v1lp7In6HCI:0AKjo7oD-9k:wF9xT autoblog?i=v1lp7In6HCI:0AKjo7oD-9k:V_sGL

View the full article

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Remove formatting

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

Sign in to follow this  
Followers 0