BUSINESS

GM Sells Saturn; Penske Building A Virtual Automaker

07/06/2009 05:12 am ET | Updated May 25, 2011


General Motors has been shopping Saturn to potential buyers for months, and rumors recently began circulating that the company had found one in Penske Automotive Group. In a win-win-win for GM, Saturn, and Saturn fans, those rumors have come true.
Penske will purchase the soon-to-be-orphaned brand for a price tag in the $100 million to $200 ..

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