Monday, May 4th, 2009...4:04 pm
GM Confirms: Saturn to be sold, not closed!
GM has supposedly confirmed the rumors that Saturn will be sold rather than closed completely.
GM’s press release:
General Motors is proceeding to the next step with respect to the sale of Saturn. A number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network. GM will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year. S.J. Girsky&Co. has been retained by GM as advisor for this transaction. Saturn will continue to keep its retailers updated on its progress throughout this process.
Still seems a little vague to me. No mention of who the buyer is or where the money is coming from.
Here is the whole article: ** Saturn Survives?? **
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