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

Iconic Saturn Brand Could Stay on the Road Beyond General Motors

Tags:

G. Chambers Williams III from the Nashville Tennessean and USA Today newspapers: Whether or not General Motors receives emergency federal loans, it may have to sacrifice its iconic Saturn brand, which got its start in the mid-1980s. GM's (GM) sales pitch to win billions in federal assistance includes the possible sale or shutdown of the once-promising Saturn brand.