General Motors Corp.,
just days after the bankrupt carmaker sold its Hummer brand,
said Friday that it has reached a deal to unload Saturn to racing legend
and auto dealer Roger Penske.
GM said the deal, if completed, will save more than 350 dealerships
and preserve 13,000 jobs at Saturn and its retailers across the country.
The deal would allow Penske, who runs a chain of dealerships under
his Bloomfield Hills, Mich.-based Penske Automotive Group
and also has extensive operations in leasing trucks, to take over the brands,
trademarks, service and parts operations and distribution operations related to the brand
GM will continue to build the Saturn Aura, Vue and Outlook on a contract basis.
(MarketWatch)
===================
No comments:
Post a Comment