Saturn Closing

Penske Automotive Terminates Discussions with General Motors to Acquire Saturn

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Penske Automotive Group today announced that it has terminated its discussions with General Motors to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM.

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Roger Penske Interested in Acquiring Saturn

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Dow Jones has just named billionaire Roger Penske as a potential buyer for Saturn. Many may recognize this name from NASCAR. In NASCAR, Penske owns a fleet of Dodge race cars employing popular drivers such as Kurt Busch and David Stremme. However, his experience in the automotive industry is much more extensive than just racing.