GM today confirmed it has selected AlixPartners to supervise the orderly wind down of Saab, and has requested approval of the selection by the appropriate authority in Sweden. The use of a wind down supervisor is a commonly-used process in Sweden and works in the interest of the shareholder.
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Two names closely aligned with formula one have emerged as bidders to buy the Swedish carmaker Saab.
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Saab's future remains up in the air so far on Thursday with GM talking of starting factory closures while there are reports of new or renewed bids.
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I'm sad. Are you sad? Just a little? Not at all? In fact, I'm nearly upset about the loss or potential loss of Sweden's other manufacturer, the other-other one being Volvo of course.
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A delegation from the Swedish government is to meet with General Motors executives in the US next week to discuss the future of the company's loss-making Saab unit, Sweden's national news agency reported.
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In today's News Brake: Don't write off Saab just yet; Hyundai extends its Assurance; and we begin a year living with the Nissan Cube ... But Wait, There's More!
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Saab dealers in the United States say they have been uninformed bystanders to General Motors Co.'s on-again, off-again negotiations to sell the Swedish premium brand.
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General Motors has apparently extended its December 31 deadline to sell its Saab brand while continuing the 'orderly wind-down' process. A Saab spokesman also told just-auto today (30 December) that the firm plans to resume the production of cars from January 11.
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GM has extended a Dec. 31 deadline for bids for Saab, which will restart some production lines in January, Saab said today.
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GM has extended a Dec. 31 deadline for bids for Saab, which will restart some production lines in January after a holiday shutdown, Saab said on Wednesday.
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General Motors is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported.
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GM is prepared to wait beyond the end of this week before deciding on the future of Saab as it reviews remaining bids, Bloomberg News reported.
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GM is prepared to wait beyond the end of this week before deciding on the future of the Saab brand as it reviews remaining bids, Bloomberg News reported.
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General Motors Co. is pressing ahead with plans to shut down Saab as chances of a deal to sell the Swedish brand to Dutch sports car builder Spyker Cars NV remain remote, a person familiar with the planning said on Thursday.
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Dutch billionaire John de Mol is not involved in a possible buyout of Swedish carmaker Saab, which Dutch Spyker Cars NV would like to buy from General Motors Co., De Mol's investment company Talpa said.
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General Motors Co. is continuing to wind down Saab and does not plan to make further announcements regarding the brand's sale, a spokesman said today. No new Saab deals are imminent with any interested parties, GM spokesman Chris Preuss said.
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General Motors Co. is continuing to wind down Saab and does not plan to make further announcements regarding the brandand#8217;s sale, a spokesman said today. No new Saab deals are imminent with any interested parties, GM spokesman Chris Preuss said.
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Beijing Automotive Industry Holding said it paid US$200m to purchase technology from General Motors' Saab unit as the Chinese automaker speeds up development of its own vehicles.
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Beijing Automotive Industry Holding Corp., China's fifth-largest automaker, will launch an aggressive campaign to develop its brand both at home and overseas, after buying car designs from General Motors Co.'s Saab unit.
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Beijing Automotive Industry Holding Corp. (BAIC), China's fifth-largest automaker, will launch an aggressive campaign to develop its brand both at home and overseas, after buying car designs from General Motors Co.s' Saab unit.
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