#penske

Even though Fisker has its own dealerships, it couldn’t hurt the up and coming company to open up one more. Now with Penske’s help, Fisker will have an additional dealership in Arizona.

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.

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.

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.

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.

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.

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

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 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.

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.

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.