General Motors Co. said this afternoon that it has received and#8220;expressions of interestand#8221; in its Saab brand, and that the GM board will evaluate potential bids by the end of December.
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Saab faced closure as GM's board met on Tuesday to discuss the unit's fate after a deal collapsed to sell the Swedish brand.
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Saab faces the threat of closure as GM's board meets today to discuss the unit's fate after a deal collapsed to sell the Swedish brand.
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Beijing Automotive Industry Holding Corp (BAIC) general manager Wang Dazong has said the Chinese automaker might still be interested in buying General Motors' Saab unit.
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Koenigsegg has pulled out of takeover deal for struggling Swedish car-maker Saab
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Saab, retooling its factory in Sweden to build the new 9-5 early next year - its first new model in seven years - has cut output so much that dealers in the US are running out of new cars to sell.
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Saab's new owner will reject 81 of Saab's 218 U.S. dealerships, General Motors Co. said Thursday. Saab's buyer, Swedish sportscar maker Koenigsegg, selected the surviving stores.
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Saab's new owner will reject 81 of Saab's 218 U.S. dealerships, General Motors Co. said today. Saab's buyer, Swedish sportscar maker Koenigsegg, selected the surviving stores.
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Beijing Auto and Koenigsegg are still aiming to complete the purchase of Saab from GM before the end of the year.
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Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
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Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
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Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
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Beijing Auto and its Swedish partner still aim to finalize plans to buy Saab by the end of the year, an executive of the Chinese carmaker said. Beijing Auto plans to take a minority stake in Koenigsegg, which is buying Saab from GM.
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The European Investment Bank has given the green light to loans to European-based car makers worth a total of EUR600m, including EUR400m for Saab Automobile AB.
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The European Investment Bank granted on Wednesday a 400 million euro ($599 million) loan to Swedish automaker Saab, but Sweden said Saab will have to wait for a decision on whether the state will guarantee loan.
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The European Investment Bank granted on Wednesday a 400 million euro ($599 million) loan to Swedish automaker Saab, but Sweden said Saab will have to wait for a decision on whether the state will guarantee loan.
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Anna-Maria Saméus, product manager at Volvo Cars, has been selected as Technological Woman of the Year 2009. She was given the award for her ability to combine technology and business-mindedness in an international environment, using leadership as a tool. The award is given by defence and security company Saab.
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When GM decided last year that, in its struggle to survive, it needed to cut Saab adrift - there were mixed feelings throughout the Saab organisation. But, as Knut Simonsson, Saab's director of global operations, tells Dave Leggett, it has given the company a chance to change and presented a new business opportunity.
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The Swedish government on Tuesday said it had asked the European Commission to assess whether proposed loan guarantees to Saab Automobile would break rules on state support.
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Saab, currently being sold by General Motors, might not get the full SKR4.3bn (US$612m) loan it has requested from the European Investment Bank (EIB), a local paper Dagens Industri said, citing an anonymous source.
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