Michigan Saturn Retailers Remain Hopeful as GM Charts Changes

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West Michigan television station WZZV Channel 13 spoke to Ron Macearn, General Manager of the Suburban Collection, owner of all the Saturn retail facilities in Michigan, about General Motors' to plans to possibly sell or close the once independent Saturn brand. WZZM 13 News reports that Macean told the station that they find the development "very disappointing. It's a very successful brand for us and we remain optimistic." The TV stations says that Saturn retailers "have no official word from the company yet and they are hopeful the division will be sold and remain in business."

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General Motors, Penske Outline Proposed Deal for Purchase of Saturn

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General Motors and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand. The proposed transaction is part of GM's rebuilding efforts outlined in the viability plan that was submitted to the U.S. government earlier this year. Under the terms in the memorandum of understanding, Penske would obtain the rights to the brand as well as certain other Saturn assets.