Saturn alia (duo)
Yet another bid to save Saturn, this one with Oklahoma City roots:
An Oklahoma City private equity firm has teamed with a group of Saturn dealers in an effort to buy the money-losing brand from General Motors Corp.
The proposal from a group led by Black Oak Partners LLC is among several that GM has received for the brand, said GM spokesman Mike Morrissey.
“We are working with all those groups,” Morrissey said. “It’s too early to speculate as to what the ultimate outcome is going to be.”
Jennifer Threet, a spokeswoman for the Black Oak group, said it delivered a proposal to GM last week and is awaiting a formal meeting.
Unlike this earlier proposal, the Black Oak group would not hook up with one existing manufacturer as sole source: Saturn 2.0 would maintain a design team, which would then work with outside automakers to tailor appropriate models accordingly.
