Cars
In an official statement released to the media this morning, GM announced that it is proceeding to the next step in concern of the sale of Saturn by reviewing bids from the potential buyers. The American automaker said that it has hired S.J.Girsky&Co as an advisor to help secure an agreement with a specific buyer later this year. In mid-April GM had revealed that a group of suitors that included some of Saturn's dealers and a company called Black Oak Partners had expressed an interest in buying the brand and its retailer network.
- Breaking: Penske Terminates Discussions With Gm On Saturn After Failing To Agree With Third Party Automaker
This just in; Saturn will soon be history as Penske Automotive Group (PAG) announced today that it has ceased discussions with General Motors to buy the nameplate, ultimately sealing the fate of the brand. The automotive retailer said that it terminated...
- Breaking: Gm Confirms Penske As Saturn Buyer, Says Production Of Aura, Vue And Outlook Will Continue
Confirming an earlier report this morning, General Motors has announced that it has reached a preliminary agreement with Penske Automotive Group for the sale of the Saturn brand. The financial terms of the deal were not disclosed but GM said that it expects...
- Penske Not Buying Saturn, General Motors Kills Saturn
General Motors is killing off the Saturn brand. Prospective buyer Penske had all but acquired the relatively young brand but has backed out because of an "inability to source new products beyond what it had asked GM to build on contract". GM...
- Saturn Is Done In Canada
From Autoblog comes news from the Canadian Broadcasting Corporation's French division, Radio-Canada, that Penske will cause Saturn to cease in Canada. General Motors-owned Saturn, transferring into Roger Penske's hands, only sold through 60 dealerships...
- Some Saturn Numbers
Saturn originated as 'a different kind of car company'. At the top of the heap, however, sat General Motors. General Motors is responsible for a very large number of automotive brands and, certainly in the late 80's and early 90's, had...
Cars
General Motors Reviewing Offers for Sale of Saturn Brand
In an official statement released to the media this morning, GM announced that it is proceeding to the next step in concern of the sale of Saturn by reviewing bids from the potential buyers. The American automaker said that it has hired S.J.Girsky&Co as an advisor to help secure an agreement with a specific buyer later this year. In mid-April GM had revealed that a group of suitors that included some of Saturn's dealers and a company called Black Oak Partners had expressed an interest in buying the brand and its retailer network.- Breaking: Penske Terminates Discussions With Gm On Saturn After Failing To Agree With Third Party Automaker
This just in; Saturn will soon be history as Penske Automotive Group (PAG) announced today that it has ceased discussions with General Motors to buy the nameplate, ultimately sealing the fate of the brand. The automotive retailer said that it terminated...
- Breaking: Gm Confirms Penske As Saturn Buyer, Says Production Of Aura, Vue And Outlook Will Continue
Confirming an earlier report this morning, General Motors has announced that it has reached a preliminary agreement with Penske Automotive Group for the sale of the Saturn brand. The financial terms of the deal were not disclosed but GM said that it expects...
- Penske Not Buying Saturn, General Motors Kills Saturn
General Motors is killing off the Saturn brand. Prospective buyer Penske had all but acquired the relatively young brand but has backed out because of an "inability to source new products beyond what it had asked GM to build on contract". GM...
- Saturn Is Done In Canada
From Autoblog comes news from the Canadian Broadcasting Corporation's French division, Radio-Canada, that Penske will cause Saturn to cease in Canada. General Motors-owned Saturn, transferring into Roger Penske's hands, only sold through 60 dealerships...
- Some Saturn Numbers
Saturn originated as 'a different kind of car company'. At the top of the heap, however, sat General Motors. General Motors is responsible for a very large number of automotive brands and, certainly in the late 80's and early 90's, had...