Future of Saturn Stores Subject to "Alternative" Business Model

From the Wausau Daily Herald: With General Motors reassessing its brands in preparation for its next appearance before the U.S. Congress, Saturn of Wausau's future is uncertain. John Bergstrom, chief executive officer of Bergstrom Automotive, said Friday his Saturn dealerships in Wausau and across the state are part of a still-developing "alternative" business model, making it too early to say whether they will close or remain open. "We're hoping that they don't (close)," Bergstrom said. "We want to be in the Saturn business."

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Three Finalists Emerge

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On May 12th SaturnFans.com reported that there were 12 parties interested in purchasing Saturn. Today, Bloomberg News reports that GM has narrowed down the list of Saturn suitors to two, possibly three parties. This new thread of information was gathered from a person who is supposedly close to GM's private discussions. The names of two parties were disclosed by the insider: Penske Automotive Group and Black Oak Partners.