Roger Penske said Friday that he know he’s operating in a “short time frame†if he wants to bid for the Saturn brand of General Motors Corp.
Penske said his company, Bloomfield Hills, Mich.-based Penske Automotive Group Inc., hasn’t yet made an offer for Saturn. Penske Automotive confirmed Monday it had an interest in Saturn.
GM is looking to sell or phase out Saturn by the end of the year as it races to a meet a government-imposed June 1 deadline to restructure or seek bankruptcy protection.
Roger Penske acknowledged that …Â Details
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