Penske to buy Saturn
DETROIT A person briefed on the deal says General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.
GM has scheduled a 9 a.m. EDT conference call with Saturn General Manager Jill Lajdziak. The person briefed on the deal said Penske will be on the call.
Penske has said his company, Penske Automotive Group Inc. of Bloomfield Hills, Mich., is interested in the Saturn brand.
The person briefed did not want to be identified because it has yet to be made public.