A Swedish court today granted General Motors' money-losing Saab unit a further extension to its protection from creditors as a local newspaper named carmaker Koenigsegg, the Renco Group and Fiat S.p.A. as potential buyers for the brands.
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A Swedish court on Friday granted General Motors' loss-making unit Saab a further extension to its protection from creditors as a local newspaper named carmaker Koenigsegg, the Renco Group and Fiat S.p.A as potential buyers for the brands.
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Saab Automobile said on Thursday the possibility of a bankruptcy filing by owner General Motors had not disrupted its sale process and that it was still in discussions with three potential suitors.
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Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say. Their comments follow a recent rash of reports and speculation that say otherwise.
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The future of General Motors' Opel, Vauxhall and Saab divisions should be settled at a European level and not country by country, Belgium's prime minister, and premier of the Flanders region where Opel's Antwerp factory employs 2,600 workers, has said.
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Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
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Mark McNabb, who was hired by GM 13 months ago to lead Cadillac, Saab and Hummer and ended up trying to sell two of the brands, has resigned.
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Recent talks with potential suitors have left the Swedish government in a positive mood regarding the future for the country's automaker Saab.
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Swedish carmaker Saab could get a bridge loan from the state to smooth the transition to a new owner from current parent General Motors, a spokesman for Enterprise Minister Maud Olofsson said on Wednesday.
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The Swedish government is upbeat about the future of carmaker Saab after recent meetings with potential buyers of the loss-making General Motors unit, a senior government official said on Wednesday.
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The Swedish government is upbeat about the future of carmaker Saab after recent meetings with potential buyers of the loss-making General Motors unit, a senior government official said on Wednesday.
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Saab has asked reorganisation judges at the Vaenersborg district court in southwestern Sweden for an additional three months to reorganise its operations, one day before a similar such period granted in February expired.
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Saab has selected three suitors for continued talks as it searches for a new owner, the money-losing General Motors unit said in a court filing on Tuesday.
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Saab has selected three suitors for continued talks as it searches for a new owner, the loss-making General Motors unit said in a court filing on Tuesday.
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Swedish carmaker Saab has selected three suitors for continued talks as it searches for a new owner, the loss-making General Motors unit said in a court filing on Tuesday.
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General Motors' legacy will help the Swedish automaker to exist as an independent automaker, the head of the company's engineering center said.
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Sweden's enterprise minister said late last week that it was too early to say if the potential buyers of struggling Saab Automobile met all the criteria for becoming the companyand#8217;s owner.
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Hope and uncertainty grip the people of Trollhaettan in western Sweden as they prepare for Saab's separation from General Motors.
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It is too early to determine if the potential buyers of struggling Saab Automobile have met all the criteria for becoming a new owner, Sweden's enterprise minister Maud Olofsson has said.
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