Donate |

GM to sell Saturn to Penske Automotive Group

Consumer Reports News: June 05, 2009 01:42 PM

Find Ratings blob logo

See Dealer Pricing

General Motors announced a proposed deal for Penske Automotive Group to buy Saturn, just two days after announcing an intended buyer for its Hummer brand.

Penske is one of the largest dealer networks in the country. In a joint news conference Penske chairman Roger Penske and Saturn general manager Jill Lajdziak said the sale will save more than 350 Saturn dealerships and 13,000 related jobs.

Under the agreement, Saturn stores will continue to sell the Aura sedan, Vue SUV and three-row Outlook SUV through at least 2011. Beyond that, trade publication AutoWeek has reported that Penske plans a deal to sell cars built by Renault-Samsung motors of Korea. In the press conference today, however, Penske said he hopes to continue building Saturns in the United States.

The deal is expected to be completed by the third quarter of 2009. Once completed, it should resolve issues of where Saturn owners can get warranty service for their cars.

Penske Automotive Group operates 310 retail automotive franchises, representing 40 different brands and 25 collision repair centers. In addition, it is the exclusive distributor of the Smart ForTwo in the United States and Puerto Rico.

No word on whether future Saturns may show up in Penske’s NASCAR racing operation.

Read "What does the GM bankruptcy mean to you?" To get more answers to the most common questions and concerns about GM’s bankruptcy, visit our Auto Crisis hub.

Eric Evarts

   

Find Ratings blob logo

SUVs Ratings

View and compare all SUVs ratings.

E-mail Newsletters

FREE e-mail Newsletters! Choose from cars, safety, health, and more!
Already signed-up?
Manage your newsletters here too.

Cars News

Connect

and safety with
subscribers and fans

Follow us on:

Cars

Cars New Car Price Report
Find out what the dealers don't want you to know! Get dealer pricing information on a new car with the New Car Price Report.

Order Your Report

Mobile

Mobile Get Ratings on the go and compare
while you shop

Learn more