Could Penske Still Buy Saturn?

Penske Logo

Bryan Lavoilette from Michigan Live: Don't be surprised if General Motors' deal with Penske Automotive is back on within the next week or two. Penske backed out of its plans with GM to buy the ringed-planet brand when the automaker which was going to build its cars nixed the deal. On Friday, several outlets reported that Renault-Nissan's board had rejected a plan where the company's Samsung affiliate would build cars for Saturn. GM had agreed to build vehicles for Saturn through 2011, but after that it would be on its own to provide vehicles. But there is speculation that Penske might just be looking to sweeten its deal with GM. Or it could be frantically searching for another automaker to provide the cars. Either way, it's safe to assume that the folks in Penske's Bloomfield Hills headquarters are still trying to figure out a way to make the deal happen.

Random Article from the SaturnFans.com Archives

The "New" GM Emerges from Bankruptcy

Tags:
GM Logo

The new General Motors Company began operations yesterday with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the center of everything the new GM does. "Today marks a new beginning for General Motors, one that will allow every employee, including me, to get back to the business of designing, building and selling great cars and trucks and serving the needs of our customers," said Fritz Henderson, president and CEO.