Penske

Penske Bets Legacy on Saturn

Lou Whiteman from thedeal.com: Penske is a believer in Saturn, and has put his money where his mouth is. His Penske Automotive Group over the summer struck a deal to pay an undisclosed sum (believed to be less than $200 million) to acquire Saturn, hopeful of reusing a strategy that has worked for its Smart car unit: becoming a "virtual automaker" that contracts out manufacturing to a foreign supplier while focusing on sales, service, and marketing. Smart has succeeded in part because it offered a product (an ultra-compact and fuel-efficient vehicle) that was largely unavailable in the marketplace.

NY Times: Detroit’s Mr. Fix-It Takes on Saturn

In Mr. Penske's view, Saturn is a potential jewel to be plucked from the scrap heap of GM's bankruptcy. By early next month, his company, the Penske Automotive Group, is expected to complete its acquisition of Saturn from GM. After that, it plans to try to reinvent the brand as an independent chain of dealerships.

Retailers Say Penske Close to Buying Saturn

Roger Penske

Robert Snell from the Detroit News: Saturn dealers nationwide have received new sales and service agreements from Roger Penske, a sign the auto icon is close to finalizing a deal for the castoff General Motors brand. The two-year agreements, which are subject to completion of a deal for Saturn, were sent to about 340 U.S. dealers, who had until September 11th to sign and return them. The agreements have one-year automatic renewals if dealers meet certain conditions.

Report: Saturn to Build Exhibit that’s Separate from General Motors at 2010 Detroit Auto Show

Mark Phelan from the Detroit Free Press: After a 2009 auto show plagued by automaker defections and overshadowed by economic despair, 2010 looks brighter for the North American International Auto Show in Detroit. At the least, the number of automakers exhibiting should be about the same as in 2009, organizers said.

Podcast: General Manager of NC Retail Group Discusses Penske’s Pending Acquisition of Saturn

Saturn of Raleigh and Saturn of Cary recently posted an audio podcast featuring commentary from Bill Shotwell, executive general manager and vice president of the North Carolina Triangle area Saturn retail facilities. Shotwell discusses Penske Automotive Group's pending purchase of Saturn from General Motors.

Should Saturn Race in a Motorsports Series?

Yes
81% (302 votes)
No
19% (69 votes)
Total votes: 371

Commentary: Will Penske Take Saturn to NASCAR?

NASCAR Logo

From the blogs at NASCAR.com: Penske [is in the process of buying] the Saturn brand from General Motors. I think it is admirable that Roger did that not only because it was a good business decision on his part, but it saves U.S. jobs!

Leggat Saturn Saab: We are Committed to Remaining Open and Serving Our Customers

Canadian Flag

General Motors has recently announced that the purchase of the Saturn brand by the Penske Auto Group will not include the Saturn Retailers in Canada. What does this mean to you, our valued Leggat Saturn Saab customers? We want you to know we have made the decision to remain open at our current location at 814 Guelph Line after the announced Saturn end date in Canada of December 31, 2009, so that we can fully look after your servicing requirements.

New Renault Fluence Provides More Insight into What Could Become Saturn’s Next Small Car

New Renault Fluence Provides More Insight into What Could Become Saturn’s Next Small Car

Last week, Renault took the wraps off the 2010 Fluence – a European version of the Samsung SM3 – a "fresh and modern" sedan, according to Edmunds' Inside Line, that "is remarkably well-equipped, with such options as a Carminat Tom Tom navigation system, keyless entry/ignition, and iPod connectivity."

Saturn Deal Still Expected to Close this Month

Kenneth Klee from the Deal Magazine: Deal by deal, the auto industry is being reinvented. Though it's obvious when you think about it, it's still head-spinning when you try to bring the scope of the activity into focus. Here is a vast swath of the global economy in the midst of an urgently needed re-engineering.

Random Article from the SaturnFans.com Archives

NY Times: GM Had Considered Selling Saturn Earlier this Fall, May Now Buy Out Saturn Retailers

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Bill Vlasic from the New York Times reported yesterday that GM is exploring the idea of "a significant shrinking of its North American operations, including shutting more factories and streamlining its sprawling brand lineup, according to people with knowledge of GM's deliberations. One move under discussion, for example, would have GM buy out dealers that exclusively sell Saturns and market the cars through its Buick-Pontiac-GMC dealers instead."