The Penske Automotive Group, a car retailer that operates mostly in the U.S. and the UK and has the distributing rights for Daimler's Smart cars in the States, is the winning bidder for GM's Saturn unit, Bloomberg reported Friday morning. Citing a an unnamed source close to the negotiations, the news agency said that Penske will pay a price of $100 million to $200 million and that the deal may be announced as early as today. Earlier this week, General Motors announced that it had reached a preliminary agreement to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. while the U.S. automaker that is currently reorganizing in Chapter 11 also plans to sell its Saab division.Source URL: https://automotivetrendnews.blogspot.com/search/label/SaturnVisit Automotive Trend News for Daily Updated Hairstyles Collection
Confirming an earlier report this morning, General Motors has announced that it has reached a preliminary agreement with Penske Automotive Group for the sale of the Saturn brand. The financial terms of the deal were not disclosed but GM said that it expects the close the transaction in the third quarter of this year. The American automaker said that if completed, the deal will save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States. Under the agreement, Penske, the second-largest retailer in the States, would obtain the rights to the brand as well as certain other Saturn assets while GM would continue production, on a contract basis, of the Saturn Aura sedan, Vue SUV and Outlook SUV - yes, the Astra and Sky Roadster are 'dead'.
"This is the combination of two iconic teams: Saturn and Penske," said Saturn general manager Jill Lajdziak. "GM had the vision to create Saturn and has the desire to see it succeed in the future. There has been a groundswell of support for Saturn, with our retailers and owners urging us to save the brand," Lajdziak continued. "We heard their call loud and clear, and it inspired us as we worked to secure Saturn's future.""Saturn has a passionate customer base and outstanding dealer network," said Roger Penske, chairman of Penske Automotive Group. "For nearly 20 years Saturn has focused on treating the customer right. We share that philosophy, and we want to build on those strengths."
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Opel and its sister company Vauxhall have published the first interior photos of the all-new, sixth generation Astra, which is due to make its world debut at this September's Frankfurt Motor Show and reach European showrooms by late this year. Along with the interior shots, the German automaker also issued a new set of studio photos as well as sketches of the Astra that show the evolution of the exterior and interior styling of the car. 
As anticipated from the various spy shots, the 2010 Astra's cabin is a fresh reinterpretation of the Insignia's design, which isn't a bad thing at all. Highlights include the recurring wing and blade motifs, the wraparound instrument panel with deep set gauges and the ambient lighting that provides illumination from above the centre console and within the door handle recesses.
The company says that the interior also stands out due to the high quality of the materials which can be seen in areas like the grained, soft-touch surfaces, the textured panels, the chrome trim elements, and the feel of operating buttons and switches.
"Our goal was to make the perceptual quality in the interior of the next generation Astra as great as that of the Opel/Vauxhall Insignia," says Peter Hasselbach, in charge of Design Appearance Quality. "This is in line with Opel/Vauxhall's mission to bring innovations and quality to the compact class."
Opel claims that with the new Astra it has addressed one of the most common complaints on the previous model, that of limited storage areas in the cabin. The company said that it has created a raft of "clever storage solutions" like a shelled sunglass case inserted above the door opening on the driver's side, coin slots and pen holders moulded into the inside edge of the glove box lid while the glove box itself has two removable compartments.
There's also a second mini-glove box below the light switch, an under-seat drawer beneath the passenger seat which is big enough to hold a pair of shoes while the centre console can accommodate nine CD cases, as well as having a small storage area and an insert for two cup holders.
"It was important for the team not only to find places for the items to fit, but for the new Astra's interior to still look great, and maintain high quality standards throughout the cabin," says Max Kuncl, Performance Integration Manager.
For more details on the 2010 Opel / Vauxhall Astra click here.
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