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.
  • 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. OK Larry, let's sign Lance, shore up the PG and let's get to the finals.

  2. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  3. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

  4. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

  5. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!