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

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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.

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Saturns May be Sold Alongside Other GM Brands in New, Major Market Megastores

General Motors is preparing to make a bold push to consolidate all of its brands under one roof in major metropolitan areas around the country. The move, which will be made public and explained in detail next month in San Francisco at the annual National Automobile Dealers Association convention, comes as the number of standalone GM dealerships is dwindling inside city limits.