GM Confirms Penske Saturn Acquisition
Confirming what TheDetroitBureau.com earlier reported, General Motors has announced that it has concluded negotiations on a proposed sale of its Saturn brand to Penske Automotive Group.
View ArticlePenske Passes on Saturn Acquisition
Penske Automotive Group, Inc. (NYSE: PAG) has just announced that it has terminated its discussions with General Motors Company to acquire the Saturn brand. In a statement the Penske Group said...
View ArticleSaturn “Look See” Cost Penske Millions
Roger Penske's ill-fated bid for General Motors Saturn brand cost the Penske Automotive Group Inc. $2 million, according to PAG's latest quarterly financial report.
View ArticlePenske Profits From Clunkers
Roger Penske has a way of turning things to his own advantage. And the recently-concluded Cash-for-Clunkers program provided him yet another opportunity to work that corporate magic.
View ArticleSmart Car’s New GM Has Tough Task
Mercedes-Benz USA has named one of its veteran retail strategists to take over the troubled Smart brand. Tracey Matura, currently general manager of retail strategic development, was named to take over...
View ArticlePenske Signs on as Fisker Dealer
Fisker Automotive has garnered what could be taken as a significant endorsement from the legendary motorsports team owner and entrepreneur Roger Penske. His Penske Automotive Group has agreed to...
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