Detroit Free Press: Penske to Close Saturn Deal Wednesday, Jill Lajdziak Said to be Retiring from GM

Tim Higgins from the Detroit Free Press: Detroit businessman and booster Roger Penske is on track to close a deal to buy General Motors' Saturn division on Wednesday, the Free Press learned today. The official announcement could come Thursday. Several signs point to a final deal soon: Jill Lajdziak, Saturn's general manager, has asked for an early retirement package from GM, an indication that she is leaving, a person familiar with her decision said. Saturn dealers have been asked to sign new franchise agreements with Penske. Joe Serra, who owns two Saturn dealerships, believes everything is on track. "It looks like they are probably on the two-yard line," Serra said.

Random Article from the SaturnFans.com Archives

Penske Expresses Concern

Tags:
Roger Penske

Today it was confirmed that Roger Penske is indeed interested in Saturn. However, at this point it is only an "interest." He has not officially offered a proposal to GM. In a statement offered to the press, he expressed concern over General Motors' short deadline to sell off the brand. Earlier today, Detroit News reported that GM, under the advisement of S.J. Girsky & Co.