4 result(s) displayed (1 - 4 of 4):

GM Saturn sale near close; Opel not so much (from Corporate Dealmaker)

General Motors Co. appears to be moving toward completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.Entrepreneur Roger Penske's auto dealer company should formally close on its deal for GM's Saturn brand on Wednesday, according to the Detroit Free Press, meeting the target date...

Posted on September 29, 2009 2:21 PM

Penske bets legacy, but not business, on Saturn (from Corporate Dealmaker)

It is hard to find two people more respected throughout the auto industry than Roger Penske, a serial entrepreneur with a knack for managing turnarounds, and Jerome York, Kirk Kerkorian's right-hand man through a series of auto investments who sounded an early warning about the industry's need for radical change....

Posted on September 21, 2009 3:22 PM

Rethinking the personal transportation industry (from Corporate Dealmaker)

"Our customers don't want drills," the tool company CEO told his sales force. He waited a beat. "They want holes!"In that spirit it pays to at least be aware of all the new or semi-new ideas being pursued in the hard-hit auto industry, which we may someday come to think...

Posted on June 17, 2009 1:09 PM

Penske's plans for GM's Saturn brand (from Corporate Dealmaker)

Friday brought news, reported on The Deal Pipeline (subscription required) and elsewhere, that Penske Automotive Group (NYSE:PAG) will buy the Saturn brand from bankrupt General Motors Corp. For anyone pondering the future of the global auto industry, this is a far more important development than the sale of GM's oddball...

Posted on June 8, 2009 11:07 AM