Cars
General Motors is still on the lookout for a new owner for its Saab unit, the company confirmed on Tuesday. The Detroit automaker said that the firm's Board of Directors have received "expressions of interest" from a suite of buyers for its Saab unit after the termination of negotiations with the Koenigsegg Group AB.
- Saab Ceo Jan Ã…ke Jonsson To Retire, Victor Muller Takes Over Temporarily
Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime...
- Gm Appoints Alixpartners To Wind Down Saab, Says Still Evaluating Bids
The saga that is called Saab entered a new phase today as GM confirmed it has selected restructuring firm AlixPartners to supervise the liquidation of the Swedish automakers assets and at the same time, has requested approval of the selection by the...
- China's Baic Buys Equipment For Old 9-5 From Saab, According To Swedish Newspaper
Citing unnamed sources, Sweden's Ny Teknik newspaper reported today on its website that Saab has sold the production tools for its outgoing 9-5 model to China's Beijing Automotive Industry Holding Corp. (BAIC). Saab refused to confirm or deny...
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- Gm Announces Deal With Koenigsegg On Saab Sale
General Motors officially announced today that it reached a preliminary agreement to sell its Saab division to a consortium led by Swedish sports car maker Koenigsegg. The deal that is expected to close by the end of the third quarter of this year includes...
Cars
GM to Entertain New Offers for SAAB until the End of December
General Motors is still on the lookout for a new owner for its Saab unit, the company confirmed on Tuesday. The Detroit automaker said that the firm's Board of Directors have received "expressions of interest" from a suite of buyers for its Saab unit after the termination of negotiations with the Koenigsegg Group AB."The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time," General Motors said in a prepared statement to the press.
While GM did not disclose or confirm any names, media reports claim that potential suitors for Saab include China's Beijing Automotive, which had previously agreed to buy a stake in Koenigsegg, and Holland's Spyker Cars - yes, that's the same unprofitable company that decided to move production from The Netherlands to the UK and fire a third of its staff...
- Saab Ceo Jan Ã…ke Jonsson To Retire, Victor Muller Takes Over Temporarily
Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime...
- Gm Appoints Alixpartners To Wind Down Saab, Says Still Evaluating Bids
The saga that is called Saab entered a new phase today as GM confirmed it has selected restructuring firm AlixPartners to supervise the liquidation of the Swedish automakers assets and at the same time, has requested approval of the selection by the...
- China's Baic Buys Equipment For Old 9-5 From Saab, According To Swedish Newspaper
Citing unnamed sources, Sweden's Ny Teknik newspaper reported today on its website that Saab has sold the production tools for its outgoing 9-5 model to China's Beijing Automotive Industry Holding Corp. (BAIC). Saab refused to confirm or deny...
- Breaking News: Koenigsegg Terminates Agreement To Buy Saab From General Motors
General Motors has just announced that the proposed sale of its Saab unit to a consortium led by Swedish sports car maker Koenigsegg has been canceled. And this time, it's not because the Detroit automaker wanted to keep Saab as was the case with...
- Gm Announces Deal With Koenigsegg On Saab Sale
General Motors officially announced today that it reached a preliminary agreement to sell its Saab division to a consortium led by Swedish sports car maker Koenigsegg. The deal that is expected to close by the end of the third quarter of this year includes...