DETROIT (AP) -- General Motors Corp. has a tentative deal to sell its Saturn brand to former race car driver and dealership group owner Roger Penske, according to two people briefed on the deal.
GM has scheduled a conference call for 9 a.m. EDT Friday to discuss the sale, and Penske will be on the call along with Saturn General Manager Jill Lajdziak, said the people, who asked not to be identified because the deal has not been made public.
Penske would get Saturn's dealership network, which consistently has scored highly in customer satisfaction surveys.
Penske has said his company, Penske Automotive Group Inc. of Bloomfield Hills, Mich., is interested in the Saturn brand and intended to make an offer.
Penske Automotive Group also distributes Daimler AG's Smart subcompacts in the U.S., but Smart has its own dealership network and Saturn dealers would not distribute the tiny cars, one of the people said.