Penske to buy Saturn from GM

(DETROIT, MI) – A person briefed on the deal says General Motors will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.

Penske has said his company, Penske Automotive Group Inc. of Bloomfield Hills, Mich., is interested in the Saturn brand.

The person briefed did not want to be identified because it has yet to be made public.