Breaking News: Penske-Saturn Deal Could be Announced Within 24 Hours

Penske Logo

Tim Higgins from the Detroit Free Press: Detroit business lion Roger Penske, who led the city's Super Bowl preparations, downtown cleanup program and revived Grand Prix racing on Belle Isle — all while running the nation's No. 2 auto retailer — is on the verge of rescuing General Motors' embattled Saturn brand. GM is close to selling its Saturn division to Penske in a deal that could keep the brand alive and allow a new manufacturer access to the dealer network, people briefed on the matter said today. An official announcement could occur within 24 hours. A deal to sell Saturn this week would cap a week of sweeping restructuring efforts that included GM's historic bankruptcy filing and the announcement GM planned to sell Hummer to a Chinese manufacturer.

Random Article from the SaturnFans.com Archives

Union Warns Aura, Malibu Plant of Possible Strike

From the Kansas City Business Journal: Union employees at the General Motors Fairfax Assembly Plant issued a letter warning the company that they will strike on Tuesday unless progress is made toward getting a new contract. Jeff Manning, president of United Auto Workers Local 31, said the previous contract expired in September.