Telesto Ventures' bid for GM's Saturn division thick with Chrysler talent
Heavy with ex-Chrysler people, Telesto's group counts former design head Tom Gale (right) among its numbers. The ex-Auburn-Hillers bring big experience to Telesto's attempt to snag Saturn from among the small pool of bidders, and the group believes that Saturn under the leadership of Telesto's team can have a significant effect on the auto industry. It's not yet clear who's got the most attractive bid for Chrysler, and Telesto's got to compete with the likes of Roger Penske and Magna – the latter of which apparently already has the inside track on Opel.
[Source: Detroit News | Image: Jeff Kowalski/AFP/Getty]
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models