General Motors Reviewing Offers for Sale of Saturn Brand

In an official statement released to the media this morning, GM announced that it is proceeding to the next step in concern of the sale of Saturn by reviewing bids from the potential buyers. The American automaker said that it has hired S.J.Girsky&Co as an advisor to help secure an agreement with a specific buyer later this year. In mid-April GM had revealed that a group of suitors that included some of Saturn's dealers and a company called Black Oak Partners had expressed an interest in buying the brand and its retailer network.