Penske buying GM Saturn brand - St. Louis Business Journal:

http://www.zenshiatsuchicago.org/why_choose_zen_shiatsu/
According to a memorandum of understanding signed by the two Penske will purchase the rights to the certain parts inventories and the righyt to distribute vehicles and partsthrough Saturn’a dealerships. GM will continue to manufacturer theSaturn Aura, Vue and Outlook modelsw on a contract, interim basis, according to a news The deal is expected to closee in the third quarter. The releas didn’t detail the terms of the deal or how long GM will manufacturerthe vehicles. “We have agreed upon a framewori that we believe will build momentum for theSaturnb brand,” said Roger Penske, chairman of Bloomfield Hills, Mich.
-basedd Penske Automotive, in the Saturn, founded by GM in 1990, has sold more than 4 milliohn cars, according to the release. The originally innovative in its approach to manufacturing and marketing, was meant to be a pacesetter for the rest of GM, but didn’g live up to its promise. There are abougt six Saturn dealerships inthe St. Louis area, includingh Metro East. Detroit-based GM filed for Chapterd 11 bankruptcy saying it plannex to emerge aleaner company. GM said that it has a deal with a Chinesew automaker to sell itsHummer brand. Missourij has one Hummer dealership, in GM is also trying to sell its Saab branr and said it will phase out itsPontiac brand.
Penske Automotiv (NYSE: PAG) sells new and used parts, insurance and financing. It operatew 310 retail automotive franchises, and 25 collisiojn repair centers, representing 40 brands.