- May 20, 2009
Ex-Chrysler Pres. Tom LaSorda to advise Penske on Saturn sale
Earlier this month, Roger Penske, CEO of the second largest dealership group in the U.S., said that his company was interested in future opportunities with the Saturn brand. According to the Detroit News, Joe Serra and David Fischer, two Saturn dealership owners from Michigan, are partnering with Penske on the bid.
Rival bidders for Saturn may also include investor group Telesto Ventures with backing from Black Oak Partners LLC and French automaker Renault. As it currently stands, GM plans to continue providing vehicles to Saturn dealerships until the end of 2011.
[Source: Automotive News - sub. req'd | Image Source: Bill Pugliano/Getty]