Scott Martelle
journalist/author


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Penske Automotive picking up Saturn

June 6, 2009

Tags: economy, Detroit

If there are any good news items coming out of the GM meltdown and bankruptcy filing, it could be that GM-owned Saturn, recently touted as likely to close, will survive. We bought a Saturn the second year, I think, that they were available, and were very pleased with the car (we finally traded it in for a Ford Windstar, with less success, though we still have it).

Roger Penske's Penske Automotive Group Inc. is in line to buy the Saturn brand, which strikes me as a deal with a lot of upside. Both have solid reputations and are known brands, and this could be the kind of deal that ten years from now will look like a stroke of opportunistic genius.




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