Senator Corker Hails Proposed GM Sale of Saturn to Penske

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June 5, 2009 -- WASHINGTON - U.S. Senator Bob Corker, R-Tenn., today welcomed news that General Motors has reached a proposed agreement to sell its Saturn brand to Penske Automotive Group. According to GM, approval of the deal could save 350 dealerships and 13,000 jobs at Saturn and its retailers nationwide.

“Saturn and its dealerships across the country, including the nine in Tennessee, have tremendous value,” said Corker. “That’s why I wrote to GM last month urging the company to consider any fair offers for Saturn. The sale of the Saturn brand is an opportunity to keep a stable dealer network in place and lessen the impact of the ongoing market restructuring. This helps assembly line workers, auto dealers, and others that rely on Saturn live with a little less uncertainty.”

In late May, Corker joined U.S. Sen. Chuck Schumer (D-N.Y.) in a letter to GM urging the company to consider any fair offers for Saturn. The letter follows (pdf): Saturn Letter

Source: Senator Bob Corker