General Motors announces plans for Saturn

General Motors issued an announcement regarding its intention to sell off the brand name Saturn.

General Motors today announced its plans to sell off Saturn. In a statement issued by the company, GM said a number of potential buyers have surfaced and expressed interest in the Saturn brand and retailer network. The company will be reviewing expressions of interest from the potential buyers and will look to secure an agreement with a specific buyer later this year. S.J. Girsky&Co. has been retained by GM as adviser for this transaction. Saturn will continue to keep its 400 retailers updated on its progress throughout this process.

(Source: General Motors)

 

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