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

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 Group.

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Breaking: Penske Cancels Plan to Buy Saturn

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.

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Breaking: Penske to Close Canadian Saturn Dealers

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.

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Report: Penske In Talks With Renault to Sell French Cars As Saturns

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.

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Kia Asking Saturn Dealers To Consider Selling Korean Cars

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.

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GM's Next Volt-Style Plug-In Hybrid Could Be a Buick Crossover

The next General Motors product to get a plug-in hybrid powertrain, like the one that will be introduced in the Chevy Volt, may be a Buick.

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

The 2010 model lineup for the soon-to-be-terminated Pontiac brand will consist of just one model – the Vibe.

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General Motors Agrees to Sell Saturn Brand to Penske

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.

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GM Says It Has 16 Different Buyers For Saturn, Three for Saab

With news of a tentative deal to sell off Hummer coming yesterday, GM still hasn’t made any decisions about its Saturn or Saab brands – but apparently it has plenty of offers to entertain.

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Mitsubishi Latest Candidate to Buy Saturn

Oddly, it seems as though Saturn is far more interesting and far more loved as the up-for auction arm of a doomed for bankruptcy company than it ever was as regular old car brand. To date the Penske Automotive Group, automaker Nissan/Renault and investment firm Telesto Ventures have all been cited as potential buyers. Now we can add Mitsubishi to that list.

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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.

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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.

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Roger Penske Interested in Buying Saturn

A day after General Motors released a vague statement declaring that it is moving to “the next step” in the sale of the Saturn brand it appears as though Roger Penske is one of the interested buyers.

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