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What Really Happened? Penske Drops Saturn bid; GM Says Division Doomed

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Roger Penske's failure will almost certainly result in Saturn's demise, and publicly, officially and finally ends the Roger Smith era at GM.

Car Sales Tank; Detroit Visits DC, Pt. II

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.