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Saturn bidder taps former Chrysler execs
Telesto Ventures, a contender for General Motors Corp.’s Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms for the Automotive News.
The trade publication said the team includes several former Chrysler executives: designer Tom Gale; Steve Torok, former Chrysler general manager; Ted Cunningham, past global sales and marketing chief and Susan Unger, previously the chief information officer.
Telesto Ventures is an investor group out of Oklahoma City that includes private equity firm Black Oak Partners LLC, the paper said.
The group may compete against another former Chrysler executive for the Saturn bid. Former Chrysler President Tom LaSorda last week joined Penske Automotive Group to advise the retailer on its possible bid for Saturn, the story said. (Automotive News)
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