We reported last week that the Saturn brand would be phased out after Penske terminated its agreement with GM. According to GM spokeswoman Sherrie Arb, GM built the last Saturn within 24 hours of Penske’s statement last week.
According to Mark LaNeve, GM’s vice president of U.S. sales, GM has about 12,000 Saturns currently in its [Read More]

In seemingly surprising development, efforts to save the Saturn brand ended Wednesday as Penske Automotive Group backed out of a plan to buy the General Motors subsidiary. According Penske, the plan was terminated because of issues with the supply of vehicles beyond the supply period it had negotiated with GM. Fritz Henderson, CEO of GM, [Read More]

With Saturn soon to be sold to Penske, the demise of the brand’s Vue crossover was almost guaranteed. However, General Motors recently announced that the Vue will live on as a Buick under a different name. This yet-to-be-named Buick crossover will be launched in late 2010 with a range of fuel-efficient direct-injected gasoline engines. [Read More]

There was a rumor that Roger Penske was in talks with French automaker Renault to supply Saturn dealerships with its French cars. Consider this rumor confirmed – Renault’s chief operating officer, Patrick Pelata, recently admitted to talking to Penske about the possible partnership.
“He is looking for cars to sell. He has looked at all [Read More]

General Motors has reached an agreement to sell its Saturn brand to Penske Automotive Group. This transaction, when complete, will save more than 13,000 U.S. jobs. According to the agreement, Penske would get all 350+ of the brand’s dealerships, the rights to its name and logo, as well as continued production of the Aura, Vue, [Read More]