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GM Sells Saturn to Penske

The Post's Kendra Marr just confirmed that General Motors has agreed to a deal to sell another one of its product lines --- Saturn, with Penske as the buyer.

GM, which filed for bankruptcy on Monday, has been looking to unload several brands in recent weeks, trying to scale down so it can scale up its business in a more focused way. It recently made a deal to sell Hummer to a Chinese company.

Stay tuned for more details.

-- Mike Rosenwald

By Michael S. Rosenwald  |  June 5, 2009; 10:47 AM ET
Categories:  The Ticker  
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