Roger Penske and Saturn?
May 5, 2009
The stories about a potential tie up between Saturn and Roger Penske might be a bunch of nothing. Someone floated Penske's name to us three weeks ago, saying he might be interested. After a couple of phone calls, we determined there was no story yet, but decided to keep our ears to the ground.
Penske's interest pretty much amounts to a "We might want to take a look at it." Someone familiar with Penske says the business and racing icon's folks haven't even looked at the data to see if getting involved with Saturn is feasible.
There's also a question of timing. General Motors likely would have to provide more time beyond its June 1 deadline of accepting "expressions of interest" for Penske to put something together.
At the moment, this is a non-story. It might have some legs later on, but that won't be for a couple of weeks at least.
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