Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy money-losing Saab Automobile from bankrupt General Motors.
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Bankrupt General Motors has agreed to sell money-losing Saab Automobile to Sweden's Koenigsegg Automotive AB, a maker of some of the world's fastest and most expensive sports cars.
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Sweden's Koenigsegg Group AB, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
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General Motors Europe said on Tuesday a preliminary agreement had been reached to sell the company's loss-making Swedish unit Saab to luxury carmaker Koenigsegg.
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GM Europe reaches a deal that will see supercar firm buy Saab
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A parts maker that is part of the Toyota Motor Group is likely to face a government penalty for overstating its profits, according to local media.
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Vehicle sales in Thailand fell by 26.2% year on year in May to 40,539 units, according to data released by Toyota Motor Thailand, marking the 12th consecutive monthly decline. The recession deepened in the first quarter, with GDP contracting by 7.1% compared with a drop of 4.3% in the last quarter of 2008.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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German industrial conglomerate Robert Bosch GmbH expects revenue in its core car parts business to decline by about a fifth this year in line with weak global production volumes.
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Best pictures yet of upcoming drop-top version of Audi's flagship supercar!
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New-car sales in Europe fell by 4.9 percent in May but brands such as Dacia, Hyundai and Volkswagen were winners as many customers used government cash incentives to buy smaller cars.
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New-car sales in Europe fell by 4.9 percent in May but brands such as Dacia, Hyundai and Volkswagen were winners as many customers used government cash incentives to buy smaller cars.
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New-car sales in Europe fell by 4.9 percent in May but brands such as Dacia, Hyundai and Volkswagen were winners as many customers used government cash incentives to buy smaller cars.
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General Motors on Monday named longtime purchasing executive Robert Socia, 55, to replace Bo Andersson as GM group vice president for purchasing and supply chain. Socia currently serves as executive vice president Shanghai General Motors.
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Chrysler Group LLC has resumed production at its first factory since emerging from bankruptcy last week: a Detroit plant that makes the low-volume Dodge Viper sports car.
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Manfred Wennemer, former CEO of Continental AG, will represent the German government on an advisory board overseeing the trust that administers Opel, sources familiar with the situation said. The trust holds 65 percent of Opel shares.
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The brand with the four rings leads the pack with a new vehicle concept: The Audi A5 Sportback combines the best of different automotive worlds. It is as emotional and elegant as a coupe, as comfortable as a sedan, and as practical as an Avant.
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The brand with the four rings leads the pack with a new vehicle concept: The Audi A5 Sportback combines the best of different automotive worlds. It is as emotional and elegant as a coupe, as comfortable as a sedan, and as practical as an Avant.
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For lovers of exclusive cars Mercedes-Benz is proud to announce the arrival of an eye-catching new version of the C-Class on the scene.
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