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Does General Motors Have A Real Buyer For Saturn? (Visit this link)
Jon C. Ogg from 247wallst.com: Black Oak Partners is said to be working with a number of Saturn retailers and announced that it has approached GM about acquiring and operating the principal assets of Saturn Distribution Corporation (SDC) as a diversified automobile distributor and retailer. SDC is the legal entity that franchises Saturn retailers today. This release notes that a "new" Saturn Distribution Corporation is envisioned as a unique model for new car retailing in the United States which will leverage Saturn's brand and source products from OEMs for distribution through Saturn's existing network of approximately 440 US and Canadian retailers. The new SDC will become a model of lean-distribution that leverages unique Saturn equities, like "market area approach." It also notes that the nSDC will initially source vehicles from GM, but expects over time to offer smaller, fuel-efficient vehicles from a range of manufacturers. It would retain a light vehicle design function that will help other manufacturers, but this notes that nSDC will not directly engage in manufacturing activities.
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