|
|
Article: WEEK ON THE WEB.(NEWS)
- Article from:
- Crain's Detroit Business
- Article date:
- June 8, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Penske inks tentative deal to buy Saturn
Roger Penske has signed a memorandum of understanding with General Motors Corp. that would give his dealership chain, Penske Automotive Group, Saturn's 350 dealerships, the companies said Friday.
Penske, who wants to close the deal in the third quarter, said he expects to offer all the dealers new franchise agreements and will retain all 13,000 Saturn employees for the immediate term. Neither Penske nor GM would say how much Penske is paying.
Tweaked Cobo bill could give Bing veto power
Legislation that would enable the Detroit City Council to revisit a plan to expand Detroit's Cobo Center has ...