GM to shut down Saturn after Penske terminates talks with GM on uncertain future assembly

DETROIT — For those who expected General Motors’ once-funky Saturn brand to live on with a new owner, there has been a sad twist. Saturn, once billed as a different kind of car company, appears as dead as Pontiac and Oldsmobile.

Court OKs Chrysler’s sale to Fiat, but Supreme Court appeal likely; GM to spend $2B on Delphi

A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler Group LLC

Racing titan Penske’s deal to buy Saturn will bringing more foreign brands to Detroit 3’s turf

DETROIT — Roger Penske is inventing a new business model on the ruins of General Motors Corp. The auto racing magnate and mega dealership owner is snapping up Saturn and opening his expanded sales network to foreign automakers looking to sell cars to Americans.

GM strikes tentative deal to sell Saturn brand to Penske Automotive Group

NEW YORK — General Motors Corp. has a tentative deal to sell its Saturn brand to auto racing magnate Roger Penske’s dealership group, both companies said Friday.

Castroneves knocks teammate Briscoe off Indy 500 pole

INDIANAPOLIS — When uncertainly about his future had Helio Castroneves down in the dumps, he thought about his true love — being in a race car.

Business Highlights

Retailers see sales begin to recover in September

NEW YORK (AP) — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season.

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Penske

  • jim_utter KuBu says Tim Cindric, Mike Nelson and Roger Penske are interviewing potential new crew chiefs. #NASCAR
  • twiggyoh Obama won the #nobelpeaceprize 4 his*FINE* work on the *PENSKE FILE* #millivanilli #rush #glennbeck #p2 #tcot #teaparty #hcr #sgp
  • gpupdate IndyCar news: Top 3 still on top as Penske suffers blow: The leading trio in the championship cont.. https://bit.ly/17wSs2
  • The_Lap_Times #Indycar @edcarpenter20 4th @Alex_lloyd 5th, Rahal 6th. Would be great if not Penske or Ganassi could win on an oval to close the year.
  • The_Lap_Times #Indycar @alex_lloyd 3rd. @edcarpenter20 4th. Would be great for the series if not Penske or Ganassi could win on an oval to close the year.
  • Fieldof33 It appears that Team Penske has pulled the red 6 off Briscoe's backup and slapped on Helio's black #3. #indycar
  • TJZuppe Penske File up next on www.sportstalkCLEVELAND.com ! All Seinfeld fans should get that reference
  • MickiMaynard My ? RT @nickbunkley Plan assumed winddown of Saturn, "so if the Penske deal had closed it would have been upside." Lost rev not material.
  • napratscher #GM #Fritz: Biz plan assumed #Saturn winddown - #Penske deal closing would have been upside. No material loss.
  • nickbunkley GM CEO: Plan assumed winddown of Saturn, "so if the penske deal had closed it would have been upside." Says lost revenue not material.

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Penske

  • colinweir @dorkabella Actually, you can combine the two. When I moved, my dad rented a Penske truck from a car dealership
  • colinweir @dorkabella Try a Penske truck, they might be a bit cheaper
  • generalmotors #GM #Fritz: Biz plan assumed #Saturn winddown - #Penske deal closing would have been upside. No material loss.
  • sidepodcast @lmkenny No surprise there. Porsche getting out of Grand Am and freeing up the team for Will.
  • jschultz Easily survived the big drive from Oregon! The Penske truck, all 16,000 lbs of it, was kinda fun to drive.
  • polymath22 Exotic Car News! Roger Penske owns a Ferrari FXX -- have you seen one yet (video on road and t.. https://bit.ly/19JF8S
  • ekday Homestead: Team Penske preview - Motorsport.com
  • polymath22 Chicago jobs Supervisor-Operations for Penske (Chicago, IL) https://bit.ly/23RpaQ
  • machinerypassion Why Penske Let Saturn Die
  • yelvocom Penske Truck Leasing
  • allankh Latest Extreme Penske Footbag (Hacky Sack) Video
  • auto123 Team Penske Porsche RS Spyder by Auto123.com
  • polymath22 Penske Timing Light (168th and Maple - Omaha) $25
  • cronaca24 Penske Automotive Group h�lt Audiokonferenz �ber Ergebnisse des dritten Quartals
  • onlinestuff Penske Automotive Group to Host Third Quarter Earnings Conference Call - Business Wire (press release)
  • onlinestuff Penske Auto Taken Off Downgrade Watch By S&P On Saturn Deal - Wall Street Journal
  • polymath22 Penske Auto Taken Off Downgrade Watch By S&P On Saturn Deal: Standard & Poor's Ratings Services too.. https://bit.ly/18aIir
  • erikdafforn Wow. -> RT @GMblogs: #Fritz: Dissapointed Penske could not go forward with Saturn. Moving quickly w/ dealers to wind Saturn Down.
  • generalmotors #Fritz: Dissapointed Penske could not go forward with Saturn. Moving quickly w/ dealers to wind Saturn Down
  • daltonsbriefs Installed a DOS emulator so I could play it in Ubuntu. What to drive A Penske-Chevrolet, Lola-Buick, or a March-Cosworth.
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