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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
All forms of motorsports are dangerous, but rally is more so with races sometimes occurring in tight, windy roads in a natural environment. That means trees and lakes are always by a race car’s side, and so are spectators.
If all goes as planned the Penske-owned Saturn brand could be selling rebadged vehicles from French automaker Renault in the U.S. Thought to be a wild rumor at first, Renault has now confirmed that Penske has in fact approached the automaker to supply both parts and cars.
Currently Penske Automotive Group has a tentative deal with General Motors to buy its Saturn brand. Penske is expected to take full control of the company by September. The deal would see GM continue to supply vehicles for two years and does not include any manufacturing abilities, meaning that Penske must forge an alliance with another automaker to obtain vehicles.
Renault spokeswoman Frederique LeGreves would not comment further on the proposed deal but did say that it would not involve any part of Renault’s Nissan division.
Penske Automotive spokesman Tony Pordon wouldn’t comment specifically either but did say that his company is in talks with several different manufacturers.
In Europe Renault sells a full line of vehicles including the popular compact Clio as well as high performance models like the Megane RS (pictured above).
[Source: Automotive News]
Possibility that sporty Renault models could be sold through Saturn dealer network
The sale of Saturn to Nissan-Renault could see cars like this Mégane Renault Sport roaming U.S. streets.
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 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 transform the Saturn dealership network into a retail chain selling several brands of foreign-made cars.