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Kia Asking Saturn Dealers To Consider Selling Korean Cars
Jun 24, 2009 - 2:18 PM - by Administrator

While GM has reached a deal with Penske to sell off its Saturn brand, the future for dealers is anything but certain and Korean automaker Kia is hoping to capitalize on that.

Kia dealerships are often in either rural areas or less popular urban areas because land in high-traffic and densely populated urban areas is... [Read More]
5 Replies | 192 Views
General Motors Agrees to Sell Saturn Brand to Penske
Jun 05, 2009 - 9:13 AM - by Administrator

General Motors has reached an agreement with the Penske Automotive Group on the sale of its Saturn brand. An official announcement is expected to be made by both parties later today.

The Penske Automotive Group was thought to be one of the front-runners in the bidding war, which also reportedly included Nissan/Renault,... [Read More]
20 Replies | 548 Views
GM Says It Has 16 Different Buyers For Saturn, Three for Saab
Jun 03, 2009 - 11:27 AM - by Administrator

With news of a tentative deal to sell off Hummer coming yesterday, GM still hasn't made any decisions about its Saturn or Saab brands - but apparently it has plenty of offers to entertain.

GM CFO Ray Young said that Saturn has as many as 16 suitors, while the Swedish Saab brand has three.

The... [Read More]
4 Replies | 187 Views
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