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post #1 of 2 (permalink) Old 05-06-2009, 04:44 PM Thread Starter
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Nissan-Renault Latest Candidate to Buy Saturn


The rumor mill keeps churning out new and exciting candidates interested in buying GM's Saturn brand. The most recent speculation is that Nissan/Renault might be interested.

The Wall Street Journal is reporting the Nissan-Renault interest in Saturn, while Bloomberg says that company may team up with the Penske Automotive Group (rumored yesterday to be an interested party) to take over the brand.

With Nissan struggling worldwide the thought of such a buy seems unlikely and yet it may pave the way for Renault to bring its lineup of fuel-efficient compact cars to North America. Currently the Saturn brand has 400 dealerships in the United States and Canada that could be used to distribute Renault products like the Clio and Megane … or even performance versions like the 250hp 2.0-liter turbocharged Mégane R.S. (shown above).

While a French vehicle might not normally be attractive to North American consumers, the Renault brand has a strong awareness with younger consumers due to the Gran Turismo video game series.

Under the latest General Motors viability plan, Saturn is scheduled to be sold by the end of the year.Currently GM says that is has several offers, the most recently publicized ones being from Penske Automotive Group and Telesto Ventures, which would tranform the Saturn dealership network into a retail chain selling several brands of foreign-made cars.

More: Nissan-Renault Latest Candidate to Buy Saturn on AutoGuide.com
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post #2 of 2 (permalink) Old 05-08-2009, 10:12 PM
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the Megane R.S. looks really interesting. Hope Penskee/Renault-Nissan can come up with a good business plan. Would love to see my dealer stay in business.

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