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Some Parties Are Interested in Saturn
General Motors has been planning to sell brands for a while. The American manufacturer wanted to get rid of Hummer, Saturn and Saab. A few weeks ago it became clear that some parties were interested in the purchase of the Sweden company, now GM says there have been several bidders on Saturn.
Special committee of Saturn retailers has been studying sale or spin-off options. Germany is known for good automobiles and being a German marque, Saturn has really good options to be purchased. GM says there are multiple interested parties although their names are not announced.
Only one party has been unveiled. Black Oak Partners, LLC, Oklahoma-based private-equity firm considers buying Saturn shares which is really a good option, GM representatives say. It seems like Black Oak teamed up with Saturn dealers on the bid for the brand.
The price of the brand or any other financial data is kept in secret so far.
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