Former racing driver hopes to increase Saturn's line-up
8 June 2009

Former racing driver Roger Penske has agreed to buy Saturn from General Motors.

The deal is expected to save many dealerships and around 13,000 jobs at Saturn.

“We expect to offer all 350 franchises a new franchise agreement," said Penske. "We expect to take this network, which to me is one of the best in the business, and give an opportunity to each retailer to go forward."

Saturn will be wholly owned by Penske Automotive, America’s second-largest auto dealership group.Penske has said he is in discussions with "a number of worldwide manufacturers" to increase the Saturn line-up.

If the deal proceeds according to plan, GM wil have off-loaded two brands within a week of filing for bankruptcy protection.

On Tuesday it announced a preliminary accord to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Corporation.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • First Drive
    23 March 2018
    Fully-loaded, big-hitting diesel CLS shows the potential perils of ticking too many options boxes on your order form. A good car with a bad suspension combination.
  • BMW M5
    First Drive
    22 March 2018
    Super saloon deploys four-wheel drive to improve every facet of its driving experience. Faster and more capable than any, and more exciting than most, of its celebrated predecessors
  • Range Rover Sport SVR
    First Drive
    22 March 2018
    More power and an intoxicating soundtrack have breathed new life into our love affair with the biggest, baddest Range Rover Sport variant
  • First Drive
    21 March 2018
    The new Vantage has been developed as a Porsche 911 beater, and our first taste on UK roads suggests it can live up to that bold claim
  • Nissan Leaf Tekna
    The is the new Nissan Leaf
    First Drive
    21 March 2018
    The new version of the world's best-selling electric car gains a bigger battery and more power. How does it compare to rivals such as the Volkswagen e-Golf?