REPORT: Samsung looks to be most likely supplier to a Penske-owned Saturn
 

Filed under: Saturn, Renault
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As the bidding to take over over the Saturn brand from General Motors nears its conclusion, it looks increasingly likely that Roger Penske will walk away with the "prize." Regardless of who takes control, all Penske is slated to receive is a network of dealers and a brand name. GM has already announced it will cease producing new Saturn cars at the end of June 2009, which means the new owner will have to line up another company to provide products for those 380-odd stores. One of the rumors making the rounds is Renault would be a supplier, however, as GM learned trying to import the Astra from Europe, importing cars from the continent is not a viable business plan under current exchange rates. It turns out the supply of vehicles could come from Renault Samsung Motors, the small South Korean maker that's 80% owned by Renault. That's a plan that could be financially viable with vehicles based on shared Renault-Nissan platforms. Hyundai has demonstrated that South Korea can produce quality products and priced aggressively as Saturns.

[Source: Automotive News - Sub. Req.]REPORT: Samsung looks to be most likely supplier to a Penske-owned Saturn originally appeared on Autoblog on Tue, 26 May 2009 10:27:00 EST. Please see our terms for use of feeds.


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