As General Motors ends production of Pontiac, Saturn, Saab and Hummer vehicles, the number of nameplates will shrink to 34 from 47, GM CEO Fritz Henderson said today.
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Chinese auto group Geely has visited Saab, the Swedish carmaker put up for sale by General Motors, a Swedish business newspaper said on Monday.
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Saab Automobile has signed confidentiality agreements with as many as 27 potential buyers, a spokeswoman confirmed on Thursday.
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General Motors' Saab unit said on Thursday it had signed confidentiality agreements with 27 potential suitors in its efforts to find a new owner to help it survive the downturn.
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Saab Automobile is to axe 701 jobs following talks with its unions. The figure is fewer than the original number of proposed jobs that were announced a month ago.
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General Motors' Saab unit said today it would lay off 701 employees after talks with labor unions, scaling back the originally planned 750 that were given notice of redundancy a month ago.
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You may not be familiar with SAAB, the car company and the reason for that
is the company tends to make quirky cars that aren't easily pigeonholed in
mainstream buyers minds. They are in effect ''that other Swedish car maker''
which at one time was more famous for their Viggen attack fighters than
their cars.
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The future of GM was on full display at this year's New York International Auto Show (NYIAS). In line with the automaker's plans to reduce fuel consumption and emissions across their model lineups, new gas-saving technologies and hybrids were the name of the game at GM's expansive exhibit.
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A Swedish court on Monday granted General Motors' money-losing Saab unit an extension of the period it is protected from creditors, giving the carmaker further time to restructure.
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A Swedish court has extended the period General Motors unit Saab is protected from creditors, giving it further time to restructure.
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A Swedish court on Monday granted General Motors' loss-making unit Saab an extension of the period it is protected from creditors, giving the carmaker further time to restructure.
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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday.
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General Motor's Swedish unit Saab is seeking to write off about three quarters of its non-prioritized debt, aiming for positive cashflow by 2011, a turnaround plan presented to creditors showed on Monday.
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The court-appointed aministrator of General Motors' Saab unit said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011.
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General Motors' struggling Swedish unit Saab has its first court hearing with creditors on Monday. The court will decide if Saab can pursue efforts to find new owners or investors after parent GM said it will cut loose the loss-making brand by 2010.
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SAAB has revealed the new 9-3X, which promises SUV-like off-road ability combined with the practicality of an estate.
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General Motors and its Saab unit have agreed to share technology for at least the next five years. The arrangement is designed to make Saab more attractive to potential buyers, which is key to winning loan money from the Swedish government.
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General Motors and its Saab unit have agreed to share technology for at least the next five years. The arrangement is designed to make Saab more attractive to potential buyers, which is key to winning loan money from the Swedish government.
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Sweden's Industry Minister Maud Olofsson said on Tuesday a number of parties have expressed interest in struggling Saab, the Swedish unit of U.S. carmaker General Motors. "There are a number of interested parties," Olofsson told reporters.
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Holy badge-engineering, Batman! The Buick Rainier, introduced for 2004, was one of 5 SUV's morphed from GM's mid-sized SUV platform before it was ultimately dropped from production last year. This was a platform of many faces- wearing Envoy, TrailBlazer, Bravada and even 9-7x badges from GMC, Chevrolet, Oldsmobile and Saab, respectively.
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