"Over approximately the past 60 days, a subcommittee of Saturn retailers has been studying the feasibility of the sale or spin-off options and has identified some parties that are potentially interested in a purchase or spin-off of Saturn," GM said in a statement. "We are advised that one of the interested parties is Black Oak Partners. We are not at liberty to discuss any other interested party."
GM added: "With respect to what the eventual outcome concerning Saturn might be with Black Oak or any other interested party, it is simply premature at this time to speculate on what any eventual outcome may be."
Black Oak does not provide financial data or have a Web site. It has teamed with some Saturn dealers on the bid for the GM brand, according to a statement.
GM will seek U.S. Treasury approval for the sale of Saturn.
Inside Line says: Some signs that Saturn may yet live — although nothing is cast in stone at this point. — Anita Lienert, Correspondent
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