Report: GM to announce Saturn sale to Penske this week

Posted: Sep 29, 2009
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Saturn

According to news coming out of Detroit, General Motors Company will announce Wednesday or Thursday that it has completed the sale of Saturn to Penske Automotive Group. GM has not confirmed the report.

Roger Penske has previously said that Saturn dealers will sell GM made models for at least three years through their current lifecycle and will eventually sell vehicles from other part of the world by offshore manufacturers.

Penske is shopping for other products that could fill Saturn dealerships in the next 12 to 18 months. Sources say that we can expect vehicles from French automaker Renault and its South Korean Samsung unit.

On a side note, Saturn executive Jill Lajdziak, who has been involved with Penske group to close the Saturn sale, has reportedly requested an early retirement package and will not be joining Penske.

- By: Stephen Calogera

Source: AutoObserver


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  • Autto

    Bring Peugeots over here…I'm thinking the RCZ.

  • Pat

    I was never really a fan of Peugeots. They seem very awkward in design

  • gus the grouter

    Holden Commodore? Could be brought in as sedan, sportwagon and the pickup version! Wouldn't that be a treat….. Fritz = complete lack of vision.

  • Autto

    Bring Peugeots over here…I'm thinking the RCZ.

  • Pat

    I was never really a fan of Peugeots. They seem very awkward in design

  • gus the grouter

    Holden Commodore? Could be brought in as sedan, sportwagon and the pickup version! Wouldn't that be a treat….. Fritz = complete lack of vision.