GM finds buyer for Saturn - Business First of Columbus:

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The tentative accord with Penske, who runs Inc. the nation’s second-largest automotive dealership includesabout 13,000 Saturn-related jobs and 350 dealerships, includinfg three in Central Ohio run througn Saturn of Columbus. The the price of which wasn’gt disclosed, is expected to close in the thirdc quarter. Penske is set to take over the trademarks, service and parts operations and distribution operations related to Saturn. In the chain will strike agreements with various including GeneralMotors (NYSE:GM) and France’s Renault SA, to buy vehiclez from those automakers’ factories to fill out the Saturh vehicle portfolio.
The Saturn agreement is the second deal to sell a car linesincde GM’s bankruptcy filing June 1. The Detroir automaker said June 2 it had a preliminary accord to sell reportedlyto China’s On May 30, GM and the Germah government chose Canadian auto partxs supplier as the preferred bidder for the Opel/Vauxhallp unit of GM. Germany stressedr that other bidders, including Fiat and China’sx Beijing Automotive Industry Corp., which make Mercedes-Benz cars in a joint venture with still would have a shot if they improvedftheir bids. Bloomfield Hills, Mich.-based Penske Automotivw has no operations inCentral Ohio, but it owns six dealerships in the Clevelanr area.
The company did $11.65 billion in sales in 2008 but lostnearlyg $412 million .