GM Has Buyers for Saturn and Hummer

After filing bankruptcy this week, GM has found buyers for its Hummer and Saturn brands. A manufacturing company based in China plans to take over the Hummer brand, while the billionaire dealer and former race car driver, Roger Penske, plans on acquiring the Saturn brand.

The great news is that this could keep thousands of workers who build and sell the brands from being put on the streets in these tough economic times. Moreover, maybe the resale value of the two brands will stabilize too - knowing that Saturn and Hummer will be given a second chance to survive.