Penske Automotive – the United States’ second largest dealership group – says it expects the group’s Toyota-brand sales to fall by 12 percent this month. Toyota’s overall U.S. sales fell by 16 percent in January. While it remains ...

Penske Automotive Group, Inc. (PAG) Q4 2009 Earnings Call Transcript February 19, 2010 2:00 pm ETComplete Story »...

Penske Automotive Group Inc. said Tuesday Jill Lajdziak, former general manager at General   Motors Co.'s now-disbanded Saturn division, is joining Penske's smart USA Distributor LLC unit as vice president, sales and marketing. ...

Just as General Motors was about to seal the deal to sell Saturn to the Penske Automotive Group on Sept. 30, French automaker Renault, which had pledged to supply small vehicles to the venture, backed out, an executive involved in t...

GM stopped producing new Saturns yesterday after news broke that its deal to sell the brand to Penske Automotive Group fell through. People were shocked in both the executive suites of Detroit and the 350 Saturn dealerships across t...

It appears that GM put the Penske Automotive Group in a nearly impossible bargaining position in their attempted bid to purchase and rescue the Saturn brand. Penske would have been... ...

While most of us watched the Olympic drama unfold in Denmark, a deal to buy the Saturn brand out from beleaguered General Motors fell apart Wednesday. The Penske Automotive Group, owned by Roger Penske, had been in negotiations with...

A Renault executive confirmed negotiations to provide Penske Automotive Group with vehicles to sell as Saturns broke down at the last minute. "We negotiated with them but we were unable to reach agreement at the end," Renault CO...

While M&A is making a comeback, deal-making can still be tough. Just look at General Motors. By all accounts, it looked like its proposed deal to sell Saturn to Penske Automotive Group (NYSE: PAG) was all but done. Not so. Yester...

General Motors is shutting down its Saturn brand after GM failed to reach an agreement with Penske Automotive Group to acquire the car line. So long!

GM has announced the end of the 19-year old Saturn brand and dealer network after Penske Automotive Group cancelled its plan to acquire it. The deal would have saved more than 13,000 jobs at Saturn....

DETROIT — General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire it fell apart. Penske, citing concerns of whether it could continue to supply vehicles ...

From the WSJ's Evening Wrap: General Motors said it would close its Saturn operation after Penske Automotive Group ended its effort to acquire the brand. Penske said it decided not to purchase Saturn due to concerns about where it w...

The decision has come down swift and hard, but without a buyer, Saturn will go the way of Pontiac and Oldsmobile before it, according to General Motors CEO Fritz Henderson. The news comes as Penske Automotive Group (PAG) has ...

Saturn Saturn fans will be saddened to hear that the brand is about to be history. Penske Automotive Group (PAG) and General Motors have been in the final stages of negotiations to transfer the brand, but late this aft...

Penske Automotive Group has terminated discussions with General Motors to acquire Saturn due to its inability to secure agreements for the future supply of vehicles beyond what it had negotiated with GM. As a result, GM will wind do...

Today, Penske Automotive Group is withdrawing its plan to purchase Saturn from GM. In turn, GM has issued a statement declaring it will not seek other buyers for Saturn and will wind down the brand and its dealers. The terms...

Penske Automotive Group has terminated discussions with General Motors to acquire Saturn. In a statement, GM said: "This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Satu...

Reports out of Detroit indicate that the Roger Penske, who leads Penske Automotive Group, expects the deal for his company to acquire Saturn from General Motors, could close late tomorrow with a formal announcement from the two par...

General Motors reportedly will announce Wednesday or Thursday it has completed the sale of its Saturn division to Penske Automotive Group, Detroit media report though no one from either GM or Penske will confirm the report. GM and...