Penske interested in buying Saturn

May 7, 2009
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penskeJust when you think Roger Penske would be focused on Indianapolis—as in the Indy 500—he apparently is looking at other interests to the north. Penske is considering a bid for General Motors’ Saturn brand, automotive industry sources said this week.

Penske, who owns numerous auto dealerships including in Indianapolis, is studying the issue but has made no proposals, said sources close to Penske.

Penske, whose Penske Automotive Group dealership chain distributes Daimler AG’s Smart microcars in the U.S., is the second group to show interest in acquiring Saturn.

In April, Telesto Ventures said it wants to acquire Saturn's retail operations and provide dealers with vehicles from GM through 2011.

Penske, 72, is CEO of the suburban Detroit dealership group, which ranks No. 2 behind AutoNation Inc. on the Automotive News list of the top 125 U.S. auto retailers with 2008 new-vehicle sales of 171,872.

Penske’s record as an open-wheel racing team owner is unmatched, having won the Indianapolis 500 14 times.
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  • If Penske buys it, he will be successful with it. Pretty much everything he touches turns to gold. A driven man with a talent for making things work. Good luck to him.
  • Hasn't The Indy Racing Leeeege been looking for a title sponsor? If Uncle Roger buys Saturn.,.....Maybe Saturn will sponsor the Stupid Leeeege he runs in, you know, with Twinkle Toes and Short-track phenom Ryan Crisco?!


    Nah, Roger likes to MAKE money.

    The IRL: Losing proposition, even for gazillionaires like Uncle Roger. :lol:
  • Nah, Roger likes to MAKE money

    But yet Roger is an integral part of the IRL with a multi car team? Are you once again contradicting yourself?

    I will ask again, what does Dahooey mean? You dared us earlier to ask you, so again, I ask you.
  • Look it up. Boss of the Island.

    And to your stupid point: Uncle Roger is spending SOMEONE ELSE'S MONEY namely - MARLBORO. Uncle Roger never put a dime of his own money into the IRL. Prove me wrong.
  • You are the one who challenged us to ask what your name is, why should I look it up?

    Why do I need to prove you wrong about Roger? Not all the money he spends is Marlboros, prove me wrong. Wow, that is cool. All I need to do is make some random statement, and then follow it with prove me wrong. Wow, That is easy.

    Roger Daltry is the greatest rocker ever, prove me wrong.

    Tom Petty is actually the illegimate son of Floyd the Barber, prove me wrong.

    This is great.
  • Typical :gomer: logic.

    The IRL: Crowds are down....AGAIN :lol:
  • Nah, Dahooey, just taking a page from you. Prove me wrong, look it up.
  • Whatever.


    IRL: Not growing.
  • Typical DaHooey - always resorting to name calling and illogic. Seldom does he ever make a point worth noting, but he never resists in defaming. Bill Cunningham at WLW likes to refer to people as Great Americans. That definately does not describe DaHooey! And, as Indyman would say, Prove me wrong, look it up.

    Hope to see Roger the successful as the Captain of Saturn. He would make it work.
  • Captain Liverspots won't be around long enough to make Saturn successful. He'll croak first.
  • Cappy will shake some money out of sumwheres and it will all be good.


    for HIM! :lol:




    How to make a small fortune in the IRL? satart with a big one! :lol:
  • Indyman,

    The haters of the IRL are jealous because they never had the wherewithal, resources, connections, moxie, personality, drive, determination, intelligence, and positive attitude it takes to be successful in life as the Captain has. Rather, all they can do is revert to negatives, slams, putdowns, innuendo and defamation. Sucks to live in their world, don't you think?

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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