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Reports say Renault-Nissan, Geely interested in GM brands
Interest appears to be heating up for two brands that General Motors is trying to shed.

Renault is pursuing Saturn, while Chinese car company Geely is interested in Saab, the Wall Street Journal reports.

Meanwhile, Nissan, Renault’s partner, also is interested in Saturn and could team up with auto magnate Roger Penske, according to Bloomberg.

GM acknowledged this week that it has received interest in Saturn. It announced in April that it plans to stop building vehicles for the brand this year, and a sale or the shuttering of the brand remains a possibility.

GM is racing to meet a June 1 deadline to drastically restructure its operations as it tries to avoid filing for Chapter 11 bankruptcy, which Detroit rival Chrysler did last week. GM said it will focus on Cadillac, Chevrolet, Buick and GMC. Pontiac is closing by the end of 2010, and the fates of Hummer and GM’s German division, Opel, are uncertain.


Date : 2009-05-10
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