Rumor Central

In a statement released late this afternoon, Penske Automotive announced it was abandoning the idea of purchasing Saturn from General Motors.   more

Saturn dealerships across the country have reportedly received new sales and service agreements from Roger Penske, meaning General Motors and Penske are close to finalizing a deal for the brand.   more

Although the fate of Saturn is still up in the air, there's one point both Penske Automotive and General Motors can agree upon: The brand will withdraw from the Canadian market.   more

Despite the fact that General Motors has killed the Saturn Vue 2-Mode Hybrid, the Environmental Protection Agency still released its fuel economy numbers: 27 miles per gallon in the city, 30 mpg on the highway, and 28 mpg...  more

With all the drama surrounding the sale of General Motors’ Opel and Vauxhall operations, the Penske Automotive Group’s deal to acquire Saturn has slipped somewhat under the radar. Roger Penske, chairman of the Penske...  more

Despite the sale of the Saturn brand, General Motors says a plug-in hybrid SUV is still on schedule for a 2011 launch.   more

Saturn's new owner, dealership group-owner Roger Penske, revealed during an interview his plans to make electric vehicles the focus of the Saturn brand under his ownership, and dispelled rumors that Saturn dealers may be...  more

The second-largest car retailer in the U.S. has beat out other bidders to buy GM's Saturn brand, according to sources.   more

In an effort to reassure its workers that their pay will not be affected by the anticipated bankruptcy filing, General Motors paid approximately 90,000 U.S. employees three days early this week.   more

Penske Automotive Group Chairman Roger Penske reportedly is seeking to sell vehicles built by Renault Samsung Motors in South Korea through the Saturn dealer network.   more

While the list of potential buyers for GM's Saturn brand has been whittled down to just a few prospects, the issue of who will supply vehicles to the dealer network once GM relinquishes control is just starting to heat...  more

According to some sources, it seems merger fever is in the air and American automakers are sitting prospects. Ford is offering Volvo, and the entire Chrysler company was just nabbed by Fiat, but it's GM with the most...  more

Not only will the Saturn Vue plug-in hybrid's technology still be brought to production under one of GM's four core brands, but, according to a GM executive, the introduction schedule will remain the same.   more

According to Automotive News, automotive legend and billionaire Roger Penske may be interested in buying General Motors’ Saturn brand.   more