Report: Renault, Nissan Discuss Supply Deal With Saturn and Penske

David Pearson from the Wall Street Journal: Renault confirmed last week that it and its Japanese alliance partner Nissan are discussing a commercial deal to sell cars to Saturn, the former General Motors unit that was taken over by Penske Automotive Group (PAG) last month. Renault's chief operating officer Patrick Pelata told an an analysts' meeting that PAG Chief Executive Roger Penske is looking to forge commercial alliances with other car manufacturers. "He is looking for cars to sell. He has looked at all car makers, and he has seen that Renault has a nice line-up, sharing power trains with Nissan that are obviously adapted to the U.S. market."

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Mysterious Ohio Based Investment Group Arises as a Potential Buyer

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Update on May 7th: Leading negotiations for this group is Gary Marvicsin. Detroit News reports that he is employed in the auto industry.

Detroit News reports that there is a mysterious Ohio based investment group interested in acquiring Saturn. Unlike the other interested buyers, this group has developed a concept to keep the company domestically based. According to the article, the group is interested in purchasing domestically abandoned manufacturing plants to produce Saturns. Chrysler plants that are targeted to close due to bankruptcy troubles were specifically mentioned. The group wants to continue to employee UAW workers at these plants. While recognizing the high costs associated with employing union workers, such as benefits and pensions, the group believes that it is the right move for two reasons.