REPORT: Penske lines up as potential Saturn suitor

Discussion in 'General Motoring' started by JLA, May 6, 2009.

  1. JLA

    JLA Guest

    he typical relationship between automakers and dealerships, of course
    is for the dealers to sell the cars that the automaker produces. Bu
    with General Motors shedding like a dog in springtime, it's th
    dealers who have been looking to buy the brands themselves. Followin
    interest expressed by German dealers to acquire Opel and a group o
    investors including equity firm Black Oak and the brand's own dealer
    to acquire Saturn, one of the country's biggest dealership groups i
    stepping up to the plate as a serious contender to take over the n
    hassle GM division

    Suburban Detroit-based Penske Automotive Group statistically sells th
    second most amount of new cars in America. It also runs truck leasing
    shipping/logistics and, of course, racing operations to great success
    But Penske has also got experience shaping the fortunes of automakers
    as well, after handling the introduction of Smart cars in Nort
    America and the turnaround of Detroit Diesel from a money-losin
    operation into a profit-generating one. Of course, Penske is just on
    of many potential buyers for Saturn, but with Roger's business acume
    and proven track record, he's one the General can't afford to ignore

    View the attachments for this post at
    http://www.jlaforums.com/viewtopic.php?p=20032933#2003293
     
    JLA, May 6, 2009
    #1
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