Former Chrysler President Tom LaSorda to Advise Penske on Saturn Purchase - Saturn Sky Forums: Saturn Sky Forum
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post #1 of 7 (permalink) Old 05-20-2009, 02:22 PM Thread Starter
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Former Chrysler President Tom LaSorda to Advise Penske on Saturn Purchase


The possibility that Penske Automotive Group may in fact purchase the Saturn brand from General Motors has just increased significantly. Penske has acquired the services of former Chrysler President Tom LaSorda as an adviser on the bid.

Penske is the second largest dealership group in the U.S. and also distributes the SMART brand of cars in the U.S. for Mercedes parent company Daimler.

The Detroit News is reporting that the Penske bid may involve other partners, including Serra Automotive Inc. and the Suburban Collection. Serra Automotive is the 15th largest dealership group in the U.S. with 21 stores in six states. The Suburban Collection is the 13th largest group and boasts 7 Saturn dealerships.

While many of GM's brands have received little attention from prospective buyers the list of parties interested in Saturn seems to grow daily. Bloomberg is reporting that Canada's Magna International is interested in Saturn, while other recent reports indicate Renault/Nissan is interested.

Saturn has said it has engaged in talks with the investment firm Telesto Ventures about a possible sale.

Currently GM is eager to part with Saturn as it faces a June 1st restructuring deadline.

More: Former Chrysler President Tom LaSorda to Advise Penske on Saturn Purchase on AutoGuide.com
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post #2 of 7 (permalink) Old 05-20-2009, 03:20 PM
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i hope that this is true and not just smoke and mirrors. if so maybe i can eventually get my ruby red sky. if the economy ever gets their s!!t together and gets better.

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post #3 of 7 (permalink) Old 05-20-2009, 05:14 PM
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bentley : i hope that this is true and not just smoke and mirrors. if so maybe i can eventually get my ruby red sky. if the economy ever gets their s!!t together and gets better.
Most reports that I have seen have only mentioned the sale of Saturn Distribution Corp, and have not included any manufacturing facilities. Production of the Sky is still probably going to end this year.

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post #4 of 7 (permalink) Old 05-21-2009, 12:37 PM
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^^ actually according to our MECCA plant tour guide the last Saturn was built that week of MECCA. Rest of the time is 09 build out of Solstice.

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post #5 of 7 (permalink) Old 05-21-2009, 01:20 PM
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2009 Sky production ended while we were there. There hasn't been any official word on 2010s not happening. While it doesn't look good, we can cling to shreds of hope!

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post #6 of 7 (permalink) Old 05-21-2009, 01:29 PM
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2009 Sky production ended while we were there. There hasn't been any official word on 2010s not happening. While it doesn't look good, we can cling to shreds of hope!
If correct and that is the Skys end, I'll be keeping my MB NA 2.4L and probably just mod the hell out it after warranty period. Still haven't decided if I want the S/C or a T/C, however, I'm leaning heavily for a S/C, thataway, I can wup up on the R/L's off the line..




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post #7 of 7 (permalink) Old 05-21-2009, 01:34 PM
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If correct and that is the Skys end, I'll be keeping my MB NA 2.4L and probably just mod the hell out it after warranty period. Still haven't decided if I want the S/C or a T/C, however, I'm leaning heavily for a S/C, thataway, I can wup up on the R/L's off the line..
You're on! Don't forget to keep practicing those driving skills.

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