Skwyre7
06-05-2009, 10:04 AM
GM to sell Saturn brand to Penske dealership chain (http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20090605&id=9984535)
NEW YORK (AP) - General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, both companies said Friday.
Penske has signed a memorandum of understanding that would give his dealership chain, Penske Automotive Group, Saturn's 350 dealerships, the companies said. Penske told reporters that he expects to offer all the dealers new franchise agreements and will retain all 13,000 Saturn employees for the immediate term. [Read More (http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20090605&id=9984535)]
NEW YORK (AP) - General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, both companies said Friday.
Penske has signed a memorandum of understanding that would give his dealership chain, Penske Automotive Group, Saturn's 350 dealerships, the companies said. Penske told reporters that he expects to offer all the dealers new franchise agreements and will retain all 13,000 Saturn employees for the immediate term. [Read More (http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20090605&id=9984535)]