Baard Eker, the Norwegian designer behind the unlikely bid for General Motors' Saab unit, wants to rejuvenate the "soul and spirit" of the money-losing Swedish carmaker and lead a creative revival in the auto industry.
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Baard Eker, the Norwegian designer behind the unlikely bid for General Motors' Saab unit, wants to rejuvenate the "soul and spirit" of the money-losing Swedish carmaker and lead a creative revival in the auto industry.
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Christian von Koenigsegg, founder of the sports car maker that plans to buy Saab Automobile, said on Wednesday that Saab's cash flow goals were "fairly reasonable" but hinged on economic conditions.
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Baard Eker, the Norwegian designer behind the unlikely bid for General Motors' Saab unit, wants to rejuvenate the "soul and spirit" of the money-losing Swedish carmaker and lead a creative revival in the auto industry.
Full story...
Baard Eker, the Norwegian designer behind the unlikely bid for General Motors' Saab unit, wants to rejuvenate the "soul and spirit" of the money-losing Swedish carmaker and lead a creative revival in the auto industry.
Full story...
There was further good news for Saab today when it emerged that the embattled automaker had won a key court decision that will see its debt cut considerably.
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Christian von Koenigsegg, founder of the sports car maker that plans to buy Saab Automobile, said on Wednesday that Saab's cash flow goals were "fairly reasonable" but hinged on economic conditions.
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Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit led by Swedish sports car maker Koenigsegg.
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Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit led by Swedish sports car maker Koenigsegg.
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Technical specifications provided by Saab media
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Technical specifications provided by Saab media
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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The proposed cash-for-clunkers legislation could provide a boost for new-car sales, while Saabs problems ultimately boiled down to money, General Motors CEO Fritz Henderson said on Tuesday.
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In today's News Brake: Ford and Chrysler herd their pony cars toward NASCAR; Koenigsegg buys Saab from GM; and Mini is thinking about going upscale ... But Wait, There's More!
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General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive.
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General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive.
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Koenigsegg Automotive, General Motors' first choice to buy Saab, makes million-dollar sports cars that some car enthusiasts call the "world's fastest," says an executive at one of the specialty Swedish automaker's three licensed U.S. stores.
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Buyers of million-dollar supercars made by Koenigsegg, which has agreed to buy General Motors' Saab brand, often take private jets to the Swedish automaker's headquarters -- a former home for Saab Gripens planes.
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Swedish sportscar maker Koenigsegg is to rescue Saab with funds from the European Investment Bank guaranteed by the Swedish government, General Motors Europe announced on Tuesday.
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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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