Penske interested in buying Saturn

May 7, 2009
Back to TopCommentsE-mailPrintBookmark and Share
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.
  • 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?

Post a comment to this blog

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by