Penske Automotive Group, the listed dealership chain, walked away from a deal to acquire General Motors’ Saturn unit on Wednesday in a decision that spells the end for the brand and threatens thousands of jobs.
Penske, founded by former racing car driver Roger Penske, said it was pulling out of the acquisition, which was agreed in June and due to close by Thursday, because of doubts about its ability to secure a long-term supply of vehicles.

COMPANIES 


