The only car I’ve ever owned is a 1998 Saturn that now has 120,000 miles on it. The engine and transmission have never needed any work. All I’ve ever had done on it is the brakes (once at 50K, once at 100K) and a few knick-knack things. Turning its back on the Saturn is, in my opinion, one of the dumbest things GM has ever done. So I was glad to hear this:
Only two weeks ago, Roger Penske looked on from trackside as his team won the Indianapolis 500 car race. Now he has laid claim to what he hopes will be another trophy: Saturn.
General Motors announced Friday that it had agreed to sell Saturn to the Penske Automotive Group, whose chairman is Mr. Penske, 72, who is one of the nation’s biggest automobile dealers.
The move rescues Saturn and its dealers from the uncertain future they have faced since February, when G.M. announced plans to shut Saturn by 2012 if no buyer could be found. G.M. subsequently said it would discontinue Saturn by the end of this year.
GM has 16 bidders for Saturn. So clearly there are some people who think you can make money off the business.