Having already taken the decision to close its Pontiac brand, General Motors has now announced that it will proceed with the sale of Saturn.
According to reports, several potential buyers have already expressed interest in the brand and retailer network. GM has now issued a short statement outlining that it will review the expressions of interest and will look to secure an agreement with a specific buyer later this year.
In a separate story Fiat has said it will explore the possibility of merging its auto business and interest in Chrysler with GM Europe in an effort to create a large group worth more than $100billion.
Reports in the Detroit News suggest that GM would have a stake in the new company grouping Fiat, Chrysler and GME operations if the deal goes through. Annual sales for the group would be roughly at six million cars and trucks making it one of the top three automotive groups in the world.
At this point, GM has declined to comment on a potential Fiat-GM tie-up.
