UPDATE 1-Penske drop bid for Saturn, GM to end brand

Newswire

* Penske ends talks to buy GM's Saturn * GM says to wind down Saturn brand, dealer network DETROIT, Sept 30 (Reuters) - Penske Automotive Group said on Wednesday it has terminated discussions with General Motors Co [GM.UL] to acquire the automaker's Saturn brand. GM said in a separate statement it would wind down the Saturn brand and its dealership network. Penske, which reached a preliminary deal to buy Saturn in June, said it broke off the talks due to concerns that it might be ...

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