Nissan-Based Smart Car Axed as Mercedes Takes Back Mini-Car Brand from Penske

Nissan-Based Smart Car Axed as Mercedes Takes Back Mini-Car Brand from Penske
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The struggling Smart brand was set to get a potential savior this year with the introduction of a new four-door based on a Nissan platform. That, however, will not happen now, as part of a new agreement where Smart and Mercedes parent company Daimler has taken back distribution of its mini-car from the Penske Automotive… Continue Reading...

Report: Dodge Officially Unveils Challenger for NASCAR Nationwide Series With Two Car Penske Team

Report: Dodge Officially Unveils Challenger for NASCAR Nationwide Series With Two Car Penske Team
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Dodge has officially unveiled its 2010 Challenger NASCAR racer (at least from one angle) with an announcement that it will field a two car team in next year’s Nationwide Series, run by Penske Racing. “As the performance brand of our new company, we are excited to expand our relationship with Penske Racing and introduce the… Continue Reading...

Breaking: Penske Cancels Plan to Buy Saturn

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Breaking: Penske Cancels Plan to Buy Saturn
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Penske’s deal to buy the Saturn arm of General Motors has reportedly fallen through. Back in June the Penske Automotive Group (PAG) had announced it would buy the brand from GM, along with its dealer network. “This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn… Continue Reading...

Breaking: Penske to Close Canadian Saturn Dealers

Breaking: Penske to Close Canadian Saturn Dealers
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According to a recent report on CBC Radio’s French website Radio Canada, the Penske Automotive Group plans to close all the Saturn dealers in Canada once its deal to buy the brand from General Motors is complete. At one time there were 60 Saturn dealers in Canada, but half of those dropped out of the… Continue Reading...

Kia Asking Saturn Dealers To Consider Selling Korean Cars

Kia Asking Saturn Dealers To Consider Selling Korean Cars
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While GM has reached a deal with Penske to sell off its Saturn brand, the future for dealers is anything but certain and Korean automaker Kia is hoping to capitalize on that. Kia dealerships are often in either rural areas or less popular urban areas because land in high-traffic and densely populated urban areas is… Continue Reading...

Pontiac To Offer the Vibe (and Nothing Else) in 2010

Pontiac To Offer the Vibe (and Nothing Else) in 2010
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The 2010 model lineup for the soon-to-be-terminated Pontiac brand will consist of just one model – the Vibe. Recently GM interim CEO Fritz Henderson reiterated the company’s position that the G8 would not carry on as either a Buick, Chevy or Cadillac. The G3 and G5 will also cease production this year, while the G6… Continue Reading...

General Motors Agrees to Sell Saturn Brand to Penske

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General Motors Agrees to Sell Saturn Brand to Penske
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General Motors has reached an agreement with the Penske Automotive Group on the sale of its Saturn brand. An official announcement is expected to be made by both parties later today. The Penske Automotive Group was thought to be one of the front-runners in the bidding war, which also reportedly included Nissan/Renault, Mitsubishi and investment… Continue Reading...

Former Chrysler President Tom LaSorda to Advise Penske on Saturn Purchase

Former Chrysler President Tom LaSorda to Advise Penske on Saturn Purchase
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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… Continue Reading...

Nissan-Renault Latest Candidate to Buy Saturn

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Nissan-Renault Latest Candidate to Buy Saturn
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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… Continue Reading...

Roger Penske Interested in Buying Saturn

Roger Penske Interested in Buying Saturn
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Roger Penske and Daimler Chairman Dr. Dieter Zetsche take a ride in a SMART car. Penske currently distributes SMART cars for Diamler in the U.S. and is rumored to be interested in purchasing Saturn from GM. A day after General Motors released a vague statement declaring that it is moving to “the next step” in… Continue Reading...