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Penske Automotive Group reported a 23 percent increase in third-quarter profit today and said it is open to lining up new distribution contracts now that its bid for GM’s Saturn has fallen through.

Tags: Automotive Group, Bid, Distribution Contracts, Distribution Deals, Gm, Gm Saturn, Penske, Penske Automotive Group, Quarter Profit, Saturn

The stock of Penske Automotive Group, which two days ago canceled its bid for GM’s Saturn brand, is now a good buy, a Standard and Poor’s equity analyst said today.

Tags: Automotive Group, Buy Stock, Equity Analyst, Gm, Gm Saturn, Good Buy, Penske, Penske Automotive Group, Saturn, Standard And Poor, Stock Analyst

Some Saturn dealers say they will look for other franchises now that Penske Automotive has canceled its plans to buy Saturn from GM, while others say they’ll wait and see whether Penske revives the deal.

Tags: Franchises, Gm, Gm Dealers, Gm Saturn, Penske, Saturn, Saturn Dealers

Some Saturn dealers say they will look for other franchises now that Penske Automotive has canceled its plans to buy Saturn from GM, while others say they’ll wait and see whether Penske revives the deal.

Tags: Franchises, Gm, Gm Dealers, Gm Saturn, Penske, Saturn, Saturn Dealers

General Motors Co. said it will begin to phase out Saturn — the car company conceived more than 25 years ago to fend off imports — after bidder Penske Automotive Inc. failed to secure a source of vehicles to keep the brand afloat.

Tags: Bows, Car Company, General Motors, Gm, Gm Saturn, Penske, Saturn, Saturn Car, Savior

Canada’s Saturn stores will wind down by the end of the year as a result of automotive entrepreneur Roger Penske’s purchase of the brand, General Motors Co. spokesman Stew Low said today.

Tags: Canada, Canada Stores, Entrepreneur, General Motors, General Motors Co., Gm, Gm Saturn, Roger Penske, Saturn, Saturn Canada, Saturn Stores, Spokesman, Stew Low, Year End

Entrepreneur Roger Penske’s Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors’ Saturn, Bloomberg News reported.

Tags: Automotive Group, Bid, Bloomberg News, Car Retailer, Entrepreneur, General Motors, Gm, Gm Saturn, Roger Penske, Saturn, Wins

Auto entrepreneur Roger Penske’s Penske Automotive Group has signed an agreement to purchase Saturn from General Motors by the end of the third quarter.

Tags: Automotive Group, Buy Auto, Entrepreneur, General Motors, Gm, Gm Auto, Gm Saturn, Roger Penske, Saturn, Saturn Auto, Saturn Motors

Renault-Nissan is talking to General Motors about buying GM’s Saturn line, according to two different published reports today.

Tags: Bidders, General Motors, Gm, Gm Saturn, Nissan, Renault, Renault Nissan, Saturn, Saturn Line

The death of the Saturn brand won’t slow down the roll-out of General Motors’ plug-in hybrid powertrain, Tom Stephens, vice president of GM’s global product development said today.

Tags: General Motors, Global Product, Gm, Gm Saturn, Hybrid Powertrain, Hybrid Powertrains, Powertrain, Saturn, Tom Stephens, Vice President

Roger Penske is considering a bid for General Motors’ Saturn brand, a source familiar with the auto entrepreneur’s plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity.

Tags: Anonymity, Bid, Entrepreneur, General Motors, Gm, Gm Saturn, Proposals, Roger Penske, Saturn

Roger Penske today confirmed reports that he has interest in General Motors’ Saturn brand. But Penske, chairman of Penske Automotive Group Inc., emphasized that no offers have been made and hinted that GM’s goal for a quick sale may not help a deal.

Tags: Automotive Group Inc, General Motors, Gm, Gm Saturn, Roger Penske, Saturn

General Motors plans to build the last Saturn vehicles this year, two years earlier than first envisioned, as it speeds up efforts to shed dealerships and divisions, CEO Fritz Henderson said today.

Tags: Ceo, Fritz, Fritz Henderson, General Motors, Gm, Gm Saturn, Saturn, Saturn Motors, Saturn Vehicles, Shed

Saturn is attracting interest from a “few” parties that might want to acquire the brand, a General Motors spokesman said Thursday.

Tags: General Motors, Gm, Gm Saturn, Saturn, Spokesman

Saturn is attracting interest from a “few” parties that might want to acquire the brand, a General Motors spokesman said today. GM has hired Steve Girsky, formerly senior auto analyst for Morgan Stanley, to help advise on any possible Saturn deals.

Tags: General Motors, Gm, Gm Saturn, Morgan Stanley, Saturn, Spokesman, Steve Girsky

DETROIT — General Motors is studying the idea of killing the Saab, Saturn and Pontiac brands as it seeks U.S. rescue loans, Bloomberg News reported today.

Tags: Bloomberg, General Motors, Gm, Gm Saturn, Gm Studies, Loans, Pontiac, Pontiac Motors, Saab, Saturn, Saturn Motors, United States