Several groups seek to purchase Saturn auto brand
Thursday, May 7, 2009 Penske Automotive Group, Inc., an Ohio based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM). According to The Wall Street Journal, Nissan–Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly. GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their…
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