Saturn Now Owned By Penske

With news of General Motor's bankruptcy fresh in our minds, it should come as no surprise that GM has decided to sell off their Saturn brand to Penske Motors. The deal is part of a larger plan that General Motors has put in place after filing for bankruptcy on Monday. Saturn originally cost GM somewhere in the neighborhood of $5 billion in the late 1980s when you factor in development costs and factories, but sales peaked at only 286,000 when union issues arose for GM causing all sorts of problems.

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