Saturn of Reading Looks Ahead to Penske Change

Tony Lucia from Reading Eagle: The announcement that General Motors would sell its Saturn unit to Roger Penske and his Penske Automotive Group had an immediate impact on Saturn of Reading, Muhlenberg Township. "We saw a (sales) bounce right away," said Kate G. Goodman, owner of the franchise. "The good word of mouth and excellent reputation that Roger Penske carries with him and his organization I think is very positive," she said. "There was a lot of uncertainty in December when General Motors announced that they were discontinuing the Saturn brand," Goodman said, "and I think that Roger Penske partnering with Saturn has done a great service for the company. People just feel positive about it all around."

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Press Release: GM Presents U.S. Government Updated Plan for a Viable, Sustainable Company

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GM today presented the United States Department of Treasury with an updated plan that boldly responds to the weaker global auto market conditions and details the company's long term viability. The plan, which provides a comprehensive review of key aspects of GM's restructuring, is the first of two status reports required by the loan agreement signed by GM and the U.S.