Saab has sold the production equipment for its old 9-5 models to Beijing Auto, a newspaper reported.
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A second small luxury car maker, Spyker of the Netherlands, is talking to General Motors Co. about buying Saab Automobile, weeks after the first, Sweden's Koenigsegg, abandoned its bid.
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Swedish carmaker Saab has sold the production equipment for its old 9-5 models to Beijing Automotive Industry Holding Corp. (BAIC), a newspaper reported.
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Saab has sold the production equipment for its old 9-5 models to Beijing Auto, a newspaper reported.
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The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears on Wednesday of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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Dutch niche sports car maker Spyker is talking to GM about buying Saab. The discussions come about a week after Saab was jilted by Koenigsegg Group AB, leaving the GM-brand's future in doubt.
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Dutch niche sports car maker Spyker is talking to GM about buying Saab. The discussions come about a week after Saab was jilted by Koenigsegg Group AB, leaving the GM-brand's future in doubt.
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The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears today of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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The abrupt dismissal of General Motors Co. CEO Fritz Henderson by Chairman Edward Whitacre stoked fears on Wednesday of deeper staff cuts at the U.S. automaker's European arm Opel and the possible liquidation of Saab.
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A second small luxury car maker, this time Spyker of the Netherlands, is talking to General Motors about buying Saab Automobile, a week after Sweden's Koenigsegg dropped its bid and a day after Wyoming-based private investment firm Merbanco Merchant Banking confirmed it was out as a bidder for the Swedish unit, media reports said on Wednesday.
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U.S. private investment firm Merbanco Merchant Banking said it is out as a bidder for Saab. Merbanco CEO Christopher Johnston said Saab parent General Motors Co.
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Merbanco Merchant Banking said it is out as a bidder for Saab. Spyker Cars emerged as a new bidder and Beijing Auto could also be among the possible contenders. GM gave Saab a reprieve until Dec.
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Merbanco Merchant Banking said it is out as a bidder for Saab. Spyker Cars emerged as a new bidder and Beijing Auto could also be among the possible contenders. GM gave Saab a reprieve until Dec.
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In response to market enquiries,Spyker Cars confirms that it, together with its shareholder Convers Group,hasexpressedan interest in SaabAutomobile AB. If and when we are able to comment further, we willdo so but we are unable to provide more information at this time.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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GM has given Saab a reprieve until Dec. 31 while it considers new bids for the brand. GM did not disclose who the bidders were but a source said Dutch-based Spyker Cars and its Russian owner, Converse Bank, have submitted a bid to buy Saab.
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Load carrier caught testing, even though firm’s future in unclear.
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Saab Automobile on Tuesday faced the threat of closure as the General Motors board met on Tuesday (1 December, 2009) to hammer out plans after a deal collapsed to sell the Swedish brand.
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General Motors Co. said it has received and#8220;expressions of interestand#8221; in its Saab brand, and that the GM board will evaluate potential bids by the end of December.
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