GM is reportedly very close to doing a deal to sell its Saturn distribution network to dealership group Penske.
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The Wall Street Journal reports that a preliminary deal has been agreed.
GM and Penske have signed a memorandum of understanding, the paper said, adding that deal value was not immediately available.
The deal will be announced on Friday, the Journal said.
The deal would allow Penske to acquire the brands, trademarks, service and parts operations as well as the distribution operations related to the brand, the report said.
Penske would also be in deals with other auto makers, including Renault SA, to buy vehicles to fill out the Saturn vehicle portfolio, the paper said.
