Penske's plan for Saturn: Sell Samsung vehiclesTue, 26 May 2009 00:00:00 -0700
Entrepreneur Roger Penske wants to use the Saturn dealership network to sell vehicles built by Renault Samsung Motors and imported from South Korea.
According to Automotive News, Penske recently met with Renault and Nissan CEO Carlos Ghosn in Paris to talk about the plan.
Renault owns 80.1 percent of Renault Samsung.
The South Korean automaker uses Nissan platforms for its four passenger vehicles. The SM3 is based on the Nissan Bluebird, the SM5 and the SM7 are based on the Nissan Teana, and the QM5 is based on the Nissan Rogue.
It's unclear whether Penske's plan calls for selling current Renault Samsung models or new vehicles that use Renault platforms.
Earlier this month, Penske hired former Chrysler copresident Tom LaSorda as a consultant for the bid to buy Saturn.
By Dale Jewett