Entries tagged "Penske Automotive Group"
The bankruptcies of Chrysler and General Motors seem to have flushed out of the garage every name in the industry looking to scavenge for parts.
Roger Penske's road map for Saturn will head into a path familiar to other industries, but rather unknown for carmakers.
The Detroit News says Penske Automotive will be named the buyer of GM's Saturn unit as soon as Friday.
Not only is Magna International preparing a bid for General Motors' Opel unit, but now it is considering a bid for U.S. brand Saturn in a deal that could make it a viable competitor.