Cars
Last Friday, GM spokesman Jim Cain said that the company would "not be able to support a change in the ownership of Saab which could negatively impact GM's existing relationships in China or otherwise adversely affect GM's interests worldwide.â€
- More Troubles For Swedish Carmaker As Saab Great Britain Files For Administration
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese. Swedish Automobile N.V....
- Report: Gm And Saab Reach A Mexican Stand-off Over Chinese Deal
When General Motors sold Saab to Spyker, company execs must have been somewhat relieved to get the brand out of their hands. However, GM didn’t cut its ties completely as it remains a shareholder and a major parts and technology supplier. Now...
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Saab Seals Engine Deal With Bmw, Gets 4 Cylinder Turbo Units From 2012
The BMW Group and Saab-owner Spyker Cars N.V. have come to an agreement for the use of the German automaker's petrol engines in Saab's vehicles from 2012 onwards. The long-rumored deal, which will ultimately help Saab further reduce its reliance...
- Gm Sells Saab 9-3, Current 9-5 And Other Assets To China's Baic
It was confirmed today that General Motors has come to an agreement with Beijing Automotive Industry Holdings Co. Ltd (BAIC) for the sale of certain key assets from SAAB. BAIC, China's fifth-largest automaker, bought the intellectual rights for Saab's...
Cars
GM Won’t Hand Over Technology or 9-4X Crossover to Saab’s Chinese Owners
Last Friday, GM spokesman Jim Cain said that the company would "not be able to support a change in the ownership of Saab which could negatively impact GM's existing relationships in China or otherwise adversely affect GM's interests worldwide.â€
Today, General Motors has finally stopped beating around the bush and decided to come out in the open about the Saab-Pang Da-Youngman deal. And what the Detroit-based automaker said is that it's not giving away its Epsilon platform technology nor its 9-4X SUV.
“Although General Motors is open to the continued supply of powertrains and other components to Saab under appropriate terms and conditions, GM will not agree to the continuation of the existing technology licenses or the continued supply of 9-4X vehicles to Saab following the proposed change in ownership, as it would not be in the best interest of GM shareholders,†Cain said in a statement.
Read more »- More Troubles For Swedish Carmaker As Saab Great Britain Files For Administration
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese. Swedish Automobile N.V....
- Report: Gm And Saab Reach A Mexican Stand-off Over Chinese Deal
When General Motors sold Saab to Spyker, company execs must have been somewhat relieved to get the brand out of their hands. However, GM didn’t cut its ties completely as it remains a shareholder and a major parts and technology supplier. Now...
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Saab Seals Engine Deal With Bmw, Gets 4 Cylinder Turbo Units From 2012
The BMW Group and Saab-owner Spyker Cars N.V. have come to an agreement for the use of the German automaker's petrol engines in Saab's vehicles from 2012 onwards. The long-rumored deal, which will ultimately help Saab further reduce its reliance...
- Gm Sells Saab 9-3, Current 9-5 And Other Assets To China's Baic
It was confirmed today that General Motors has come to an agreement with Beijing Automotive Industry Holdings Co. Ltd (BAIC) for the sale of certain key assets from SAAB. BAIC, China's fifth-largest automaker, bought the intellectual rights for Saab's...