Posts Tagged ‘general motors’
Penske Backs Out
Penske and GM both issued statements today about the fallout of their deal for Saturn. Penske withdrew its plans to purchase Saturn citing they had problems getting a third party to supply Saturn with cars. After the pull out GM announced that it would not be seeking other buyers for the brand and would begin preparing dealers with the new read_more»
The new GM… will it survive?
On the day that GM steps out of bankruptcy, I thought it would be a good time to reflect on the situation they face. With the help of the will of the federal government to have a speedy bankruptcy, GM is emerging after a short six weeks in bankruptcy court. The judge Robert Gerber approved the sale of GM’s good read_more»
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