GM to sell Saturn to Penske

[mike honcho]

DETROIT – A person briefed on the deal says General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.

GM has scheduled a 9 a.m. EDT conference call with Saturn General Manager Jill Lajdziak. The person briefed on the deal said Penske will be on the call.

Penske has said his company, Penske Automotive Group Inc. of Bloomfield Hills, Mich., is interested in the Saturn brand.

The person briefed did not want to be identified because it has yet to be made public.

 

[SlowNeasy]

dddamn, penske might even make it profitable.

 

[foehammer111]

Hmmmm..."The Captain Motor Company" has a nice ring to it.

 

[BobbyFord]

Hmmm...Kurt Busch in a Saturn...

 

[barelypure]

Its now public
Penske Automotive agrees to buy Saturn from GM

I hope it comes with the plans for the EV-1. That could make them instantly profitable.

 

[Benevolent One]

It's not like this can make it any harder to get parts for my Saturn L300. You already have to get everything at the dealer. Including $249 for the heater core, which is why I bypassed my leaking one until the end of the summer.