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Penske to Buy Saturn from GM (at BusinessWeek)
8th June 2009
Two decades after General Motors Corp. launched Saturn as its import-fighting, small car division in Tennessee, GM has 2,500 workers at the Spring Hill assembly plant sweating, worried they might not get the call when the next experiment begins.
Review A look back at last week’s important events.
A U.S. appeals court on Friday upheld Chrysler’s sale of most of its assets to Italy’s Fiat, but the deal will remain on hold to allow an appeal to the nation’s highest court.
A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC: GENERAL MOTORS — DAY 5
General Motors Corp. has a tentative deal to sell its Saturn brand to auto racing magnate Roger Penske’s dealership group, both companies said Friday.
General Motors said on Friday it was selling its Saturn brand to Penske Automotive Group, the listed dealership chain.
The latest money news from Steve Potisk.