Follow me on

Twitter Feed Facebook Feed RSS Feed Linked In Youtube

Penske wants to buy a Saturn? No -- he's thinking about buying GM's entire Saturn operations!


Roger Penske (L) and NASCAR's Brian France (Photo: Getty Images for NASCAR)

   By Mike Mulhern

   Roger Penske is indeed big in the business….just pick a business he's in, and he's in big.
   Well, his NASCAR franchise might be a little sluggish at the moment, depending on how well Kurt Busch and crew chief Pat Tryson are doing. But Kurt is sitting second in the Sprint Cup standings, just 10 points behind leader Jeff Burton, and his win at Atlanta was solid.
   But when Penske says he's interested in buying Saturn from General Motors, don't blink, he just might do it.
   Penske runs one of the biggest automotive empires around, with some 300 dealerships, selling just about everything on the market, an empire at one time valued at $17 billion.
   And Penske hit a homerun when he bought up sole sales rights to the Smart car.
   What might Penske do with Saturn? Good question. Does Penske really want to get into the car-building business? It would seem unlikely he'd just want to buy the dealership part of the company without some of the heavy metal too.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.

© 2010-2011 www.mikemulhern.net All rights reserved.
Web site by www.webdesigncarolinas.com