Jump to content

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


Recommended Posts

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
Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

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

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets


  • Create New...