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Jan
26th

GM Reaches Agreement to Sell Saab to Spyker

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General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. Full story...
Jan
25th

NETHERLANDS: Spyker shares soar on Saab speculation

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Shares in Spyker Cars soared 30% in early Monday trading to be the lead gainer in Amsterdam and were up over 39.5% just after 12:30GMT on speculation the Dutch luxury sportscar maker is close to a deal to buy Saab from General Motors. Full story...
Jan
25th

US/SWEDEN: No Saab-Spyker deal yet – GM chief

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General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...
Jan
25th

US/SWEDEN [updated 16:35GMT]: No Saab-Spyker deal yet – GM chief

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General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...
Jan
25th

SWEDEN [updated 16:35GMT]: No Saab-Spyker deal yet – GM chief

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General Motors confirmed on Monday afternoon it was continuing to discuss the sale of its Saab unit with Dutch luxury sportscar maker Spyker but declined to elaborate. The announcement by GM chairman and CEO Ed Whiteacre came soon after the bidder said negotiations "must end soon". Full story...
Jan
25th

SWEDEN [updated 15:45GMT]: Saab-Spyker deal announcement imminent – rival bidder

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Up-for-sale GM unit Saab looks highly likely to be sold by General Motors to Dutch luxury sportscar maker Spyker Cars with an announcement expected at 16:30GMT in Detroit. Full story...
Jan
25th

SWEDEN: Saab-Spyker deal announcement imminent – rival bidder

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Up-for-sale GM unit Saab looks highly likely to conclude a deal with Dutch luxury sportscar maker Spyker Cars with an announcement possibly to be made this evening, European time. Full story...
Jan
25th

Spyker Cars: Reaction On Press Speculation About SAAB

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Zeewolde, the Netherlands,- Spyker Cars N.V., manufacturer of exclusive premium sports cars, has noted recent press speculation about the SAAB negotiations. Spyker confirms that talks are ongoing, the outcome of which is still uncertain. As SAAB is currently in liquidation talks must end soon. Full story...
Jan
19th

EXCLUSIVE: SWEDEN: Genii/Ecclestone to make individual Saab bid

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Prospective bidder for GM subsidiary Saab, Genii Capital, is to make an individual approach for the troubled Swedish automaker. Full story...
Jan
19th

Save our Saab convoy

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Owners stage convoy to show support for troubled Swedish brand


Full story...
Jan
18th

NETHERLANDS: Loyal fans rally for Saab

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Over 500 Dutch Saab fans toured part of the country at the weekend to support the Swedish brand, and one described the troubled automaker as the "Apple of the car industry". Full story...
Jan
18th

US: GM tight-lipped on potential joint Spyker-Genii Saab bid

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General Motors declined to comment on speculation today (18 January) that private investment firm Genii Capital could make a joint bid with Dutch sports carmaker for troubled Swedish subsidiary Saab. Full story...
Jan
15th

THE WEEK THAT WAS: Snow joke as Saab sputters

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Britain, as you may have heard, perhaps while basking under an Antipodean summer sun (particularly good this year, we hear), has been a bit chilly these past three weeks, the thaw finally began in earnest today. Full story...
Jan
13th

US: Spyker shows GM the money

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Dutch sportscar maker Spyker is pushing forward with a last-ditch bid to save GM's embattled Saab unit and said it had the money to make a deal. Full story...
Jan
12th

US/SWEDEN: Executioners replace Saab CEO and board

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General Motors on Tuesday afternoon (12 Janaury) named Stephen Taylor and Peter Torngren as wind-down supervisors of Saab, jointly replacing the CEO and board immediately. The move came hours after the first Swedish-made convertible left the company's Trollhattan assembly line. Full story...
Jan
12th

US/SWEDEN: Winders-down replace Saab CEO and board

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General Motors on Tuesday afternoon (12 Janaury) named Stephen Taylor and Peter Torngren as wind-down supervisors of Saab, jointly replacing the CEO and board immediately. Full story...
Jan
12th

US/CHINA: Saab rumours swirl as GM maintains wind-down

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In the latest developments on GM's planned divestment of its Saab brand, GM executives have continued to talk tough on closure prospects while reports have surfaced that the new 9-5 production line may be shipped to China for the car to be rebranded as a Buick. Full story...
Jan
11th

December Incentive Spending

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December Incentive Spending
December Incentive Spending - Rebates to Customers, Cash to Dealers - Automobile Magazine
What each brand paid to move the metal.

Incentive spending, rebates to customers and cash to dealers, is the magic elixir that lubricates the new-car marketplace. Customer rebates are well publicized, but dealer incentives, which are hidden from public view, are usually the larger and arguably more important. Auto companies do not publish their incentive spending figures, considering them closely guarded secrets, but outsiders can make an educated guess at the totals, which is exactly what the firm Autodata has done. We took a look at the incentive spending estimates for December 2009 to see which cars sell themselves and which need to be blasted out the showroom door with a fire hose full of money. Keep in mind that incentive spending can vary tremendously from month to month, so the December figures are only a snapshot, although a fascinating one.inline_mediumwraptextright27741829/features/news/1001_december_incentive_spending1001_01_z+2009_saab_9-5_sportCombi+rear_three_quarter_view.jpgTrue



Full story...
Jan
8th

[UPDATED 15:11 GMT] LUXEMBOURG/SWEDEN: Saab attracts surprise new bids

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A surprise new player last night announced a bid for Saab in partnership with Formula One racing supremo Bernie Ecclestone, prompting the General Motors board to add at least a day to its deadline. And a new Swedish group also emerged as a prospective buyer. GM also said today that it has appointed a firm to supervise the Saab wind-down. Full story...
Jan
8th

LUXEMBOURG/SWEDEN: Saab attracts surprise new bids

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A surprise new player last night announced a bid for Saab in partnership with Formula One racing supremo Bernie Ecclestone, prompting the General Motors board to add at least a day to its deadline. And a new Swedish group also emerged as a prospective buyer. Full story...
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