General Motors and Ford Motor have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday.
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GM is reportedly considering dropping a number of brands, including Saab, as part of its plan to secure USD12bn in US government loans.
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General Motors is mulling whether to drop its Saab, Pontiac, Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News said on Wednesday, citing people familiar with the matter.
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DETROIT -- General Motors is studying the idea of killing the Saab, Saturn and Pontiac brands as it seeks U.S. rescue loans, Bloomberg News reported today.
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If General Motors files for bankruptcy in the US, the outlook for its European brands varies from good to grim. Opel, GM Europe's biggest European brand, is considered at risk. Meanwhile, most observers say the Saab brand's future appears bleak.
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Saab will remain in the North American market despite a sharp drop in sales so far this year. )x("",The Saab brand is very attractive to U.S. consumers, said Managing Director Jan-Ake Jonsson. )x("",There are no plans to pull out at all.
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Saab will remain in the North American market despite a sharp drop in sales so far this year. "The Saab brand is very attractive to U.S. consumers," said Managing Director Jan-Ake Jonsson. "There are no plans to pull out at all."
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Saab Celebrates 25 years of Convertibles with Special Edition on show at LA Motor Show.
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General Motors will end the 5-year/100,000-mile powertrain warranty on all 2009 Saab vehicles in the United States, a Saab spokesman confirmed. It's a move the brand quietly made two months ago to save costs.
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GM Korea has announced that it will be offering to pay customers' acquisition taxes, as well as throw in free navigation systems and special discounts for selected Cadillac and Saab models until the end of the month.
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This week, we reviewed the following vehicles for you: the Subaru Legacy 3.0R Optimum, an opulant sedan powered by a potent 6-cylinder, 3-litre Boxer. The BMW 135i, a vibrant four-seater now offered as a convertible. And the Saab 9-3 Aero XWD, the Swedish manufacturer's first original all-wheel drive car.
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The 78th annual Geneva Motor Show press days are now in full swing, with loads of new models and innovative concepts being unveiled every which way you turn. Fortunately we're on the show floor to bring you our reviews and insight on the most significant show cars and production designs. From the Ford Fiesta and Volkswagen Scirocco - a nameplate reappearing in the VW repertoire after 20 years - to the Fioravanti Hidra and Saab 9-1 BioHybrid concepts, here are the Highlights of the show.
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