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Old 09-30-2009, 03:58 PM   #14
k5xs
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Join Date: Dec 2001
Location: Washington DC
Posts: 4
Default Re: Detroit Free Press: Penske to Close Saturn Deal Wednesday, Jill Lajdziak Said to

News Alert
from The Wall Street Journal
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Sponsored by NASDAQ OMX
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Penske Automotive Group has ended its effort to buy the Saturn unit of GM,
citing concerns over the availability of future GM-made vehicles.

The disclosure immediately threw the future of Saturn back into question. GM had
said it would shutter the brand if a buyer couldn't be found. Penske Auto in
June agreed to acquire the brand with the exception of its manufacturing
operations.

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