For the first time in what seems like a very long while, almost everyone showed huge sales gains in February. In fact, only four makers saw a sales drop year-over-year last month. Saab notwithstanding, the biggest losers, in order, were smart (-15.6%), Acura (-13.3%), Nissan (-6.6%) and Suzuki (-3.8%). Full story…
Saab will look to develop strategic alliances and partnerships with other car makers and major suppliers as it builds its independent future. "The benefit of being an independent company is that we can decide who to talk to, who to work with and when," said managing director Jan Ake Jonsson.
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Saab would have to sell more than 100,000 cars a year to break even and hopes to sell about half of that in 2010, CEO Jan Jonsson said. He said that 2010 would be "a success" for Saab if the company sold 50,000 to 55,000 vehicles.
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The all new Saab 9-5 Saloon signals the start of a new era for the Saab brand. Sleek, sophisticated and unmistakably Saab, it combines stand-out looks with advanced technologies and will bring a fresh alternative choice to the premium sedan segment when sales start later this year.
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Dutch supercar maker finalises deal to purchase Saab from GM
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Sweden's ministry of industry has welcomed news of Saab's final sale to Dutch carmaker Spyker in a deal that should secure around 3,000 jobs at the Trollhattan plant.
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Spyker's purchase of Swedish manufacturer Saab late this afternoon will see the brand name continue, the Dutch sportscar maker confirmed late on Tuesday.
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General Motors today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.
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Dutch luxury carmaker Spyker's protracted purchase of Saab from General Motors was finally completed late on Tuesday afternoon.
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General Motors Co. today completed the sale of its Swedish Saab brand to Dutch luxury sports car maker Spyker Cars NV, marking the first successful sale of one of its four unwanted U.S. brands.
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GM has completed the sale of Saab to Dutch luxury sports car maker Spyker Cars, marking the first successful sale of one of its four unwanted U.S. brands.
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The sale of GM unit Saab to Dutch luxury sportscar maker Spyker could be finalised today (23 February) following intensive negotiations.
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The sale of Saab by General Motors to Spyker Cars could be completed this week, Bloomberg News reported, citing two executives involved with the deal.
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Detroit - General Motors and Spyker Cars NV today announced that they have finalized the deal for Spyker to purchase Saab Automobile AB.
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Spyker CEO Victor Muller said earlier this month that he is looking for two "heavyweights" from the car industry to join the supervisory board of the combined Saab-Spyker.
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Russian investor Vladimir Antonov, ousted from a deal by Dutch luxury sports car maker Spyker to buy Saab from General Motors Co., said he was still lending to Spyker and wanted to remain a co-owner of the group.
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Spyker will have to raise more cash in order to make its $400-million acquisition of Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
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Spyker will have to raise more cash in order to make its $400-million acquisition of Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
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Spyker will have to raise more cash in order to make its $400-million acquisition of Sweden's Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
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Saab has said formal approval by the European Investment Bank (EIB) of a EUR400m (US$544m) loan now means everything is in place to proceed with the takeover by Dutch luxury sportscar maker Spyker.
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