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Penske Seeking to Buy Saturn

Green Car Congress

General Motors Corp. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. Earlier post.)

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Toyota to establish new North American headquarters in Texas; consolidating from California, Kentucky and New York

Green Car Congress

Toyota’s North American finance arm also plans to move its headquarters to this new shared campus. The transition to Plano from three current headquarters location—affecting approximately 2,000 employees at Toyota Motor Sales, USA, Inc. about 1,000 employees at Toyota Motor Engineering & Manufacturing North America, Inc.

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