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30 Sep 2009 19:47

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Biz: Penske ran rings around GM’s Saturn, but they couldn’t save it

  • 13,000 jobs could be lost in the wake of Roger Penske’s failed bid to keep the GM small-car brand alive
  • 350 dealers will be left holding the bag after Penske’s manufacturer, Renault-Nissan, backed out source
Posted by Ernie Smith • 2 Comments • Permalink

05 Jun 2009 16:43

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Biz: An odd left turn: Car-racing-rooted Penske buys Saturn from GM

  • The car brand would have died without a buyer. Well, General Motors has one less brand to worry about. Just days after agreeing to sell Hummer to a Chinese company, they’ve found a suitor for another castoff, Saturn. Penske, owned by namesake former racer (and current NASCAR and Indy Car team owner) Roger Penske, will only distribute the brand and currently own no dealerships. Nor will they open any. The move, to be complete in October, would save 13,000 jobs and 300 dealerships. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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