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 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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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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Opel labor leader Klaus Franz said talks with General Motors Co.'s management over a plan for the future of its European unit should be finished by mid-February.
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Opel labor leader Klaus Franz said talks with General Motors Co.'s management over a plan for the future of its European unit should be finished by mid-February.
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Detroit. General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved. As a result, GM will start an orderly wind-down of Saab operations.
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Chrysler Group may challenge the constitutionality of the dealer-arbitration bill signed by President Barack Obama, CEO Sergio Marchionne said today. The legislation would require General Motors Co.
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Opel labor leader Klaus Franz said talks with General Motors Co.'s management over a plan for the future of its European unit should be finished by mid-February.
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In News Brake: BMW pulls the cover off the Concept ActiveE, the finalists for North American Car and Truck of the Year are set, and General Motors speeds up its future products . . . But Wait, There's More!
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RUESSELSHEIM, Germany (Reuters) -- Opel labor leader Klaus Franz said talks with General Motors Co. management over an upcoming plan for the future of its European unit should be finished by mid-February.
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General Motors has named Brian Sweeney general manager of Buick GMC, effective immediately. He had been general sales manager of Buick GMC since June 2008 and replaces Michael Richards who quit earlier this month after only nine days in the role.
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General Motors Co. will build its Chevrolet Aveo small car at its plant in Orion Township, Mich.
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The GMC Acadia crossover will get a Denali trim level in the 2011 model year, putting the snazzy designation on a crossover for the first time. The Acadia Denali will go on sale in the third quarter of next year, General Motors Co. said today.
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General Motors Co. today named Brian Sweeney, a 20-year veteran of the company, to become the third leader of Buick-GMC in the past month. He replaces Michael Richards, who left GM last week after working there eight days.
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General Motors Co. today named Brian Sweeney, general sales manager of Buick-GMC, to lead the division. He replaces Michael Richards, who left the automaker last week after just over a week on the job.
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With bankruptcy behind it, General Motors is speeding up the development of vehicle programs that had been delayed.
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With bankruptcy behind it, General Motors is speeding up the development of vehicle programs that had been delayed.One car, the next generation Chevrolet Malibu, will go on sale in two years instead of three.
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President Barack Obama signed legislation that would give rejected General Motors Co. and Chrysler Group dealers access to neutral arbitration if they want to be reinstated, kicking off a six-and-a-half months arbitration process.
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