penske automotive group

Every quarter, analysts at investment firm Gabelli & Co. come up with five value stocks that are trading way below their intrinsic worth. And their track record at beating the S&P 500 is nothing less than remarkable.

Every quarter, Gabelli and a team of hotshot stock-pickers select five names -- their Focus Five -- as potential index-beaters. And their choices are usually spot-on. Here are the team's five picks for the third quarter.

Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.

After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday. Spyker says that it has removed the obstacles that ended negotiations previously.

It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab unit fell apart Tuesday, according to news reports, threatening an end to the Swedish manufacturer of...

It's been more than a week since General Motors announced it would shut down its Saturn brand after talks to sell it to Penske Automotive Group (PAG) fell apart. But time hasn't softened the sting for Stuart Lasser, who owns three Saturn dealerships in northern New Jersey. "I'm still shell-shocked...

General Motors said Wednesday it will shut down its Saturn brand, after negotiations with potential buyer Penske Automotive Group (PAG) collapsed. Penske, which owns more than 300 auto dealerships around the world, pulled out of the talks when it couldn't strike a deal with another manufacturer to...