Final approval has been given by the European Parliament for the European Union (EU) to spend EUR15.6m helping Swedish and Austrian auto industry workers who have lost their jobs through the global recession.
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Ford Motor Co. is readying its first global marketing launch of a mass-market car, the redone Focus, which will be unveiled next month at the Detroit auto show.
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Who'd buy a car company? That thought must be crossing a few minds at General Motors' Renaissance Centre HQ in Detroit today after the latest deal to sell some family silver fell through.
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Here are key events in Saab's history, including today's decision by General Motors Co. to wind down operations after an attempt to sell the brand to Dutch luxury carmaker Spyker Cars failed:
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Here are key events in Saab's history, including today's decision by General Motors Co. to wind down operations after an attempt to sell the brand to Dutch luxury carmaker Spyker Cars failed:
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The decision by General Motors to wind down its loss-making Swedish brand Saab is sad news but the government will not step in to save the iconic marque, the Swedish government said on Friday.
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U.S. carmaker General Motors Co. will wind down operations at its money-losing Swedish unit after an attempt to sell it to small Dutch luxury car maker Spyker Cars NV failed.
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To Ford Mustang fans, 5.0 means a lot, and the new 2011 5.0-liter V8 Mustang will deliver 412 hp and 390 lb-ft of torque, company officials said on Thursday. The information was supposed to be embargoed until Dec.
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Efforts to sell GM's Saab unit to Spyker have ended in failure with GM announcing that it will now start a wind-down of the brand.
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Efforts to sell GM's Saab unit to Spyker have ended in failure with GM announcing that it will now start a wind-down of the brand.
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General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday.
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Saab will be closed down, its parent General Motors Co. announced today after concluding that a sale of the Swedish brand to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.
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Saab and its 218 U.S. franchises will close down, parent General Motors Co. said today, marking the third sale of a GM brand to be canceled this year.
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Saab and its 218 U.S. franchises will close down, parent General Motors Co. said today, marking the third sale of a GM brand to be canceled this year.
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Saab will be closed down, its parent General Motors Co. announced today after concluding that a sale of the Swedish brand to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.
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Supplier Continental was expected to sign a key EUR2.5bn (US$3.60bn) loan extension on Friday, which would allow a planned capital increase to go ahead, bankers said on Friday.
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Bankrupt autoparts maker Visteon has filed a reorganisation plan under which secured term loan lenders would end up with 96.2% of the shares in the new company.
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