Penske Automotive Group Expected to Complete Saturn Acquisition this Quarter

Jon Yanca from Car & Driver: The completion of the sale is expected to close in the third quarter of this year, pending many conditions and approvals from the U.S. Treasury, which now holds a majority stake in GM. It has been rumored that Penske has been in talks with Renault Samsung Motors to import the Korean-built vehicles under the Saturn name. Already owning the sole distribution rights in the States to the teacup-sized Smart brand, it wouldn’t be shocking to see this rumor become reality. Ownership by a small, agile organization like Penske makes sense for Saturn, which always aimed to be a small, agile organization itself.

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