GM is selling the brands it can’t afford to keep afloat. Earlier this week, Hummer was sold to China’s Sichuan Tengzhong Heavy Industrial Machinery Company Ltd. Now it seems that Saturn is being sold to Penske Automotive Group. For those wondering what racing team owner Roger Penske is going to do with Saturn and what does he know about manufacturing, don’t be too hard on him. Penske did buy Detroit Diesel from GM and turned the company around in a short four years and sold it to DaimlerChrysler. Things do tend to turn into gold when Roger Penske is around.
So now that Hummer and Saturn is out of the way, what’s going to happen to Saab? Pontiac is began closing shops and will be dead by year end.
I guess I need to get started updating my Automotive Family Tree!
Source:money.cnn.com
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