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 |  Jul 30 2009, 11:03 PM

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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]