Beijing Automotive Industry Holding Corp said it paid $200 million for Saab technology, allowing the Chinese automaker to roll out Saab-based cars as soon as 2011.
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Beijing Automotive Industry Holding Corp said it paid $200 million for Saab technology, allowing the Chinese automaker to roll out Saab-based cars as soon as 2011.
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Can anyone fix Saab? Would a sale to Spyker - or any other small automaker - create an orphan automaker, doomed to the fate of Rover. Saab is worth more than that, argues Mark Bursa. And history suggests there may be ways to plot a future for the brand.
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An unidentified Dutch billionaire is behind Dutch sportscar maker Spyker's last-ditch bid to buy Saab from General Motors, according to Swedish newspaper Svenska Dagbladet which cited several sources close to the talks.
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Sweden's IF Metall union held meetings with Saab bidder Spyker Cars on Tuesday and said the company's business plan was a copy of an old plan by Koenigsegg, the Swedish luxury carmaker which dropped its bid for Saab last month.
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Sweden's IF Metall union held meetings with Saab bidder Spyker Cars today and said the company's business plan was a copy of an old plan by Koenigsegg, the Swedish luxury carmaker which dropped its bid for Saab last month.
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In News Brake: General Motors gets another offer for Saab from Spyker, Peugeot blocks Audi for Sebring, and we drive the Audi E-tron . . . But Wait, There's More!
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Sweden said a last-ditch bid by Spyker for Saab offered a thread of hope the brand would survive, as talks between the Dutch luxury carmaker and GM triggered an extended deadline. Spyker lodged a new offer to buy Saab from GM on Sunday, with a 5 p.m.
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Sweden said a last-ditch bid by Spyker for Saab offered a thread of hope the brand would survive, as talks between the Dutch luxury carmaker and GM triggered an extended deadline.
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Sweden said a last-ditch bid by Spyker Cars for Saab offered a thread of hope the General Motors Co. brand would survive, as talks between the Dutch sports car maker and GM extended into the evening.
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The Swedish government has said a last-gasp bid by Spyker Cars for Saab offered a thread of hope that the brand would survive, but promised millions in aid to workers should there be no deal by Monday's 10pmGMT deadline.
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Shares in Dutch luxury carmaker Spyker soared on Monday after the company made a new bid for Saab.
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Last-ditch negotiations to save Saab Automobile continued over the weekend after General Motors on Friday said talks with Spyker had ended and that the brand would be wound down. Spyker said on Sunday it had submitted a renewed offer with a deadline of 5pm EST (10pm GMT) today (21 December) "in the hopes of securing a future for Saab, its employees and the brand - despite the announcement that the winding down of Saab would begin".
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Michael Simon, newly installed as general manager of a stand-alone Saab store under new ownership, kept pushing sales right up until the death sentence was delivered. Simon bought more new Saabs from less-hopeful dealers.
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Sweden said a last-ditch bid by Spyker for Saab offered a thread of hope the brand would survive, as talks between the Dutch luxury carmaker and GM triggered an extended deadline.
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General Motors Co. said it would evaluate several expressions of interest for Saab, including a new fast-track bid from Spyker Cars.
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GM said it will evaluate several expressions of interest for Saab including a new fast-track bid from Spyker.
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GM said it will evaluate several expressions of interest for Saab including a new fast-track bid from Spyker.
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GM said it will evaluate several expressions of interest for Saab including a new fast-track bid from Spyker.
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