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GM Reaches Deal With Penske For Saturn Brand

Posted By Michael J Smith On June 5, 2009 @ 4:33 pm In Uncategorized | No Comments

General Motors reached a tentative agreement [1] to sell its Saturn brand to NASCAR Sprint Cup team owner Roger Penske, of Penske Championship Racing and Penske Automotive Group. Penske plans to offer all Saturn dealerships new franchise agreements. Penske also said he is in discussions with manufacturers about building the vehicles in the future. In the meantime, GM will continue producing them.

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URL to article: http://lead-lap.com/2009/06/05/gm-reaches-deal-with-penske-for-saturn-brand/

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[1] tentative agreement: http://www.reuters.com/article/CARMFG/idUSN0528306820090605

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