GM Said to Have Multiple Buyers for Saturn
#16
Lexus Fanatic
Agreed.....I mentioned that above, that 100-200 million is chump change, by corporate standards. I don't think Penske is offering what the company is really worth.....although, of course, technically, it is bankrupt. If GM (or the government) doesn't get a better offer, though, it looks like Penske is going to get himself a bargain.
#17
Lexus Fanatic
Agreed.....I mentioned that above, that 100-200 million is chump change, by corporate standards. I don't think Penske is offering what the company is really worth.....although, of course, technically, it is bankrupt. If GM (or the government) doesn't get a better offer, though, it looks like Penske is going to get himself a bargain.
#18
Lexus Fanatic
In reading more, it sounds like Penske cares more about the dealer network and less about the Saturn cars. Either way he's getting Saturn for cheap, but considering the history of huge losses, the value isn't there. The intention seems to be to provide a dealer network to bring in lessor known auto imports to hopefully fill some lucrative niches.
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