Days after GM officially filed for Chapter 11 bankruptcy, the automaker has announced an deal with Penske Automotive Group, which will officially acquire the Saturn brand.
Under the proposed deal, Penske would officially own the Saturn brand and GM would continue production of the Saturn Vue, Aura and Outlook on a contract basis. The Saturn Astra and Sky are apparently not part of the deal, which means they will be dead. The deal will save 350 dealerships and approximately 13,000 jobs.
The deal is expected to close in the third quarter of this year.
0 comments:
Post a Comment