GM Says It Has 16 Potential Buyers For Saturn

By: Associated Press Email
By: Associated Press Email

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Tuesday, June 2, 2009

General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand.

The company says in a slide show prepared for a conference call with reporters and analysts that it is continuing to pursue manufacturing agreements for the new buyer.

The slides were prepared for the call to be hosted by GM CEO Fritz Henderson and Chief Financial Officer Ray Young.

Earlier, the company had said it has a tentative deal to sell its Hummer brand but did not identify the buyer or the price. GM will continue to make Hummers for the new buyer for a transition period. That deal is expected to close by the end of the third quarter.

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