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  1. #1

    Default Report: GM to sell Saturn brand to Penske

    General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, according to two people briefed on the deal.

    Penske would get dealership network; GM will initially still make cars

    DETROIT - General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, according to two people briefed on the deal.

    GM has scheduled a conference call for Friday morning to discuss the sale, and Penske will be on the call along with Saturn General Manager Jill Lajdziak, said the people, who asked not to be identified because the deal has not been made public.

    Penske would get Saturn’s dealership network, which consistently has scored highly in customer satisfaction surveys.

    More...

  2. #2

    Default

    Finally, someone who knows what the heck he's doing is going to take over and make Saturn one of the premier automotive brands in the US!

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

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  3. #3
    Legend

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    Default

    Penske is still in Indy so maybe Saturn can fast track a V8 for the Outlook and then get into that series by next year, could get some attention back for Indy
    99 K1500 Suburban LT "THE BEAST"
    Hypertech III, K&N, true dual
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  4. #4
    Legend
    TRPLXL2's Avatar
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    Are you serious?

    That is the funniest thing I have heard all day, I bet they will have a Penske racing edition Ion with like 300hp! That is too funny, I wonder why they would want to get into the car making business? Makes you wonder what there motive is, we shall wait and see.
    2004 Chevy Colorado
    LS1 5.7 swap/TBSS rear axle swap

  5. #5

    Default

    What is needed is a strong company and a strong personality to make it all happen. GM got saddled down with so much debt and became so complex of a company that it became unstable. Let's see what the Penske folks can do with Saturn...

    how about changing the name? PMC anyone?

    Steve
    10 Chevy Traverse LT AWD
    02 Chevy Trailblazer LS (110K+ miles - loaded except for 4WD - WRECKED!)
    99 Chevy Cavalier LS (105K+ miles - commuter car)
    78 Chevy Suburban Silverado (454, 3/4 ton)
    62 GMC 3/4 ton Pickup (350 police interceptor)

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  6. #6

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    Hopefully they can come up with something to compete with the new Hyundai Genesis. That car is unbelievable. Anybody who hasn't checked it out should check out the Hyundai website.

    -Greg

    The fool learns not from the wise man, but the wise man from the fool.

    2004 Silverado 4x4 (Suzie)
    6" Fabtech Suspension Lift
    35" NITTO Terra Grapplers
    18" MB Wheels Predators
    Thrush Turbo Series Mufflers
    on true dual exhaust
    Grille by Option Racing

    1952 3600
    Finally getting torn down to the frame.

  7. #7
    Legend cascott325's Avatar
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    Default

    good for them. i think that the saturn sky is an awesome vehicle. saturn has such potential, they just need a corporation to make that potential a reality
    2000 silverado with a 5.3l v8, shorty headers, upgraded plugs, 10 mil wires, magnaflow high flow cats, flowmaster 80 series muffler(2 in 2 out) w/ 18 inch stainless silverline tips. i have a k&n CIA. its a 4x4 z71 offroad package. Ls model.
    extended cab 160k miles, truxedo low profile bed cover, diablo sport predator tuner.
    reman tranny @ 130k miles
    Chris

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