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Equity firm expresses interest in General Motors' Saturn brand

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Equity firm expresses interest in General Motors' Saturn brand

Posted April 17 2009 02:46 PM by staff 
Filed under: Industry News, Saturn


As General Motors works to beat the clock and come up with a restructuring for the federal government, talk continues about the ultimate destiny of one of its divisions -- Saturn.


The Detroit News reports that GM intends to keep the division. Then there is talk that it will spin it off. Then there is talk that it will sell it.

Well, whatever the ultimate decision will be, GM is getting interest from a variety of possible buyers. For example, a group of investors based in Oklahoma City, Oklahoma has offered to buy Saturn. The group includes an equity firm called Black Oak Partners and a number of Saturn dealers.



 
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