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.

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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  • Dallasfan98 General Motors says it will end its Saturn brand after talks with Penske Automotive Group fail.

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Penske automotive group

  • 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)
  • automotivenews Penske Auto Taken Off Downgrade Watch By S&P On Saturn Deal - Wall Street Journal
  • uwillmakemoney Saturn side effects make Penske Automotive stock a good buy ...: The stock of Penske Automotive Group, which two days ago canceled its b..
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  • internationalnews Hope fades for Waco Saturn dealership as Penske deal to save brand falls through
  • emoeby Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality.
  • intellibitz Saturn dealers still looking for a future without GM, hoping Penske will revive deal
  • automotivenews US HOT STOCKS: Comcast, Penske Automotive, UAL, Radvision - Wall Street Journal
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  • jbf Penske Automotive backs out of Saturn talks with General Motors
  • intellibitz Carlos Ghosn was not in favor of supplying Penske with cars for Saturn dealers
  • deathdying A Dead Kind Of Car Company - Forbes
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  • zeroinfluencer Penske Walks Away from Saturn
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  • automotivenews Roger Penske pulled his company's bid to buy GM's Saturn division. - New York Times
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