Penske, Soon to Own G.M.’s Saturn, Vows to ‘Build Momentum’ - NYTimes.com

Penske, Soon to Own G.M.’s Saturn, Vows to ‘Build Momentum’ - NYTimes.com: "General Motors announced Friday that it had agreed to sell Saturn to the Penske Automotive Group, whose chairman is Mr. Penske, 72, who is one of the nation’s biggest automobile dealers.

The move rescues Saturn and its dealers from the uncertain future they have faced since February, when G.M. announced plans to shut Saturn by 2012 if no buyer could be found. G.M. subsequently said it would discontinue Saturn by the end of this year."