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Roger Penske considers a bid to buy Saturn
Syracuse.com ^ | May 8, 2009 | AP

Posted on 05/08/2009 8:13:04 PM PDT by byteback

INDIANAPOLIS (AP) -- Roger Penske says he is contemplating a bid for the Saturn automotive brand that General Motors Corp. plans to sell or shut down.

While Penske has not yet made an offer, he said Friday a decision would have to come soon and that a number of unidentified details need to be worked out.

(Excerpt) Read more at syracuse.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: automakers; generalmotors; penske; saturn
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This would be interesting. I think he'd do better than Fiat will.
1 posted on 05/08/2009 8:13:04 PM PDT by byteback
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To: NYTexan

This is worthy of the NASCAR ping list.


2 posted on 05/08/2009 8:15:52 PM PDT by AmericanGirlRising (Dear God, please heal our land. II Chronicles 7:14)
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To: byteback

Would this get Saturn into IndyCar as an engine supplier if the Captain bought the company?


3 posted on 05/08/2009 8:17:23 PM PDT by ZirconEncrustedTweezers (Whoever coined the term "foolproof" underestimated the ingenuity and determination of fools.)
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To: byteback

Does the UAW go with it?If so then he`s wasting his money.


4 posted on 05/08/2009 8:19:13 PM PDT by nomad
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To: byteback

Does the purchase price have a “+” sign in front of it? Then I’d call it dubious.


5 posted on 05/08/2009 8:20:26 PM PDT by Attention Surplus Disorder (Mr. Bernanke, have you started working on your book about the second GREATER depression?")
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To: byteback

A group from Oklahoma City is also interested in buying Saturn.

http://www.news9.com/global/story.asp?s=10189022


6 posted on 05/08/2009 8:23:48 PM PDT by jeepers creepers
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To: byteback

Geez, you know things have gotten real bad when we start selling planets!

...little intra solar system humor there folks!


7 posted on 05/08/2009 8:24:11 PM PDT by Coachm
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To: AmericanGirlRising

Thanks, Have linked it to our NASCAR thread:

http://www.freerepublic.com/focus/news/2245694/posts?page=193#193


8 posted on 05/08/2009 8:24:14 PM PDT by NYTexan
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To: byteback

I doubt whether Obama would permit it without keeping the UAW. And that would be a deal breaker.

Roger Penske used to run Team Portia, back when I raced my sports car for a season at the airport down in Huntsville, Alabama, while I was at the Army Electronics School.

They were GOOD. Fortunately, I was racing in a different class.


9 posted on 05/08/2009 8:33:40 PM PDT by Cicero (Marcus Tullius)
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To: byteback

Fiat doesn’t want Saturn.


10 posted on 05/08/2009 8:37:41 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: byteback

There are people all over the world that want to buy something, if only you the seller provide the funding/financing. LOL


11 posted on 05/08/2009 8:38:48 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
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To: Coachm

Hang on to Uranus!


12 posted on 05/08/2009 8:38:50 PM PDT by rfp1234 (Phodopus campbelli: household ruler since July 2007.)
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To: Spktyr
Fiat doesn’t want Saturn.

My point is that I would take Penske over Fiat as better able to figure out how to market to US consumers.

13 posted on 05/08/2009 8:50:49 PM PDT by byteback (nothing says "progressive" like repeating the mistakes of the past)
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To: byteback

Fiat has a small, extremely fast little car that’s actually quite durable and inexpensive, not to mention good on gas. Go look at the 2009 Fiat 500 Abarth and then come back and tell me that wouldn’t sell like mad over here.


14 posted on 05/08/2009 8:52:18 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr; NYTexan; SouthTexas; tubebender; NormsRevenge; WestCoastGal; Pete-R-Bilt
Fiat 500 Abarth:

That wouldn't sell like mad over here.

How'd I do?

15 posted on 05/08/2009 9:04:05 PM PDT by glock rocks
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To: glock rocks

Then you find out the Abarth SS version has 160hp and does 0-60 in ~6.6 seconds. It will literally eat everything in its size class.

Anticipated US MSRP - $13-14K.


16 posted on 05/08/2009 9:08:13 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: byteback
You're not Penske material.

You are aware ...?
17 posted on 05/08/2009 9:08:52 PM PDT by tang-soo (Prophecy of the Seventy Weeks - Read Daniel Chapter 9)
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To: glock rocks

Oh, yeah, forgot to mention that there’s a 200hp version coming that may be tunable to 250.... in a car that weighs 2300lbs.

F’ing rocket ship, anyone?


18 posted on 05/08/2009 9:10:27 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

I was just following your suggestion. Perhaps it would sell like mad over here.

I guess ya just gotta ask yerself... am I the kind of guy that would drive a gumdrop?


19 posted on 05/08/2009 9:11:41 PM PDT by glock rocks
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To: glock rocks

I don’t care how quick and fast it is.....the sumbitch is just plain ugly.


20 posted on 05/08/2009 9:11:54 PM PDT by stboz
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