GM sold 2.55 million units in China amidst waning industry demand
General Motors Co. posted an 8.3% increase in sales in China in 2011 to 2.55 million units, pushed by high demand for its Buick and Chevrolet vehicles. The company’s venture with SAIC... Read more
GMC, Buick may offer loaner vehicles to boost brand awareness
In an effort to build awareness of General Motors Co.'s GMC and Buick products, a courtesy loaner program is being considered for customers getting warranty service on their vehicles.... Read more
Saab launches U.S. leasing campaign for the 2010 9-3
Saab Cars North America's first ever sales event as a new company is a leasing program for the 2010 Saab 9-3 that started just this week. Saab makes this marketing step after having... Read more
Spyker says production at Saab is on track
A couple of months after Dutch supercar maker Spyker Cars NV purchased Saab from General Motors Co., Spyker reveals that production is on track. Spyker also discussed its intention to... Read more
Saab is in talks with serious partners about exchanging technologies
Talks are ongoing between Saab and the possible partners with regards to exchanging technologies as it attempts to return to profit by 2012, according to head of Spyker Cars, Victor... Read more
Spyker expects Saab to increase its output by about 18% this year
Spyker Cars NV seeks to make Saab profitable once again and for the first year, it expects to raise its output by about 18%. Dutch carmaker Spyker revealed that there is still a final... Read more
If will buy Saab, Spyker will rebuild it around the 9-3, 9-5 and 9-4X models
If Spyker Cars NV does succeed in purchasing Saab from General Motors Co., it's expected that Saab will be rebuilt around the 9-3, 9-5 and 9-4X models, according to Spyker CEO Victor... Read more
Spyker remains the only bidder for Saab
Only luxury car maker Spyker Cars NV remains in the running to have the opportunity to purchase the Saab brand from General Motors Co. GM Chairman and acting CEO Ed Whitacre told... Read more
Potential bidders submit their proposals to purchase Saab
Bidders in Sweden and the Netherlands are expected to submit their proposals right before the opportunity to purchase Saab closed. The Jan. 7 deadline for the sale of the Swedish car... Read more
Report: Spyker favored in Saab sale
Swedish news agency TT has pointed to Spyker Cars NV as the favorite in the running to purchase Swedish auto brand Saab. General Motors Co. is reportedly leaning towards a buyer that has... Read more
Saab sells production equipment for its old 9-5 models to BAIC
Even as a deal for a consortium that includes Beijing Automotive Industry Holding Corp (BAIC) to purchase Saab has collapsed, BAIC still was able to buy Saab's production equipment for... Read more
Koenigsegg presents its new Saab financing plan
The Swedish government is currently mulling a proposal by the Koenigsegg Group AB relating a new plan to finance its purchase of Saab Automobile. Koenigsegg Group is a consortium of... Read more
Shareholders in Spyker approved the $74 million purchase of Saab
The $74 million purchase by Spyker Cars NV of Saab from General Motors Co. has been approved by Spyker's shareholders two weeks after the deal was made a couple of weeks ago. Spyker's... Read more
Saab won EU regulatory approval for a state guarantee of a EUR400 million loan
Saab received a state guarantee of a 400 million euros ($546 million) European Investment Bank loan, which is said to be the key to its sale to Spyker Cars. The EU regulatory approval... Read more
Report: EU says will review Saab loan guarantee a.s.a.p.
A review of the Swedish authorities' plan to guarantee a 400 million euro ($562 million) European Investment Bank loan to Saab will be made as soon as possible, according to European... Read more
Vladimir Antonov wants in Spyker-Saab deal, despite being ousted
Despite being ousted from a deal by Spyker to purchase Saab from General Motors Co., Russian investor Vladimir Antonov insists that he is still lending to Spyker and that he will continue... Read more
Spyker planning to make Saab profitable by 2012
Spyker Cars has many hurdles ahead of it before it achieves its target of returning Saab to profit by 2012. The first task on hand is to get financing for it's the acquisition. If you... Read more
Ecclestone’s Genii Capital is still optimistic regarding Saab deal
General Motors Co. has given the reins of Saab's Trollhattan headquarters to a team of liquidators but even as the winding-down process is ongoing, investment firm Genii Capital remains... Read more
Ecclestone’s Genii Capital submits a revised offer for Saab
"Financing is not an issue for this group," according to Lars Carlstrom, a spokesman for Genii Capital that submitted a revised offer to get the opportunity to buy Saab. Luxembourg-based... Read more
GM named Nissan’s Joel Ewanick as its top marketing executive
Joel Ewanick has been appointed as General Motors Co.'s top marketing executive. Ewanick, a former Nissan executive, replaces Susan Docherty as vice president of US marketing. On May 24,... Read more
GM lost its second arbitration out of two known cases
For the second time in a row, General Motors Co. lost in an arbitration case filed by one of its rejected dealerships. Thomas Motors, a dealership in Moberly, Missouri, won reinstatement.... Read more
Breaking News: Cadillac Converj will be built
General Motors Co. will soon be producing the Cadillac Converj plug-in concept car that was introduced earlier this year at the Detroit auto show, according to The Detroit News. Unnamed... Read more
Saab CEO and Swedish official to decide the brand’s fate
Saab's future will be on the agenda of meetings that will take place this week after Koenigsegg Automotive AB withdrew its bid to buy the financially-distressed General Motors Co. brand.... Read more
Spyker posted another loss, trimmed Saab’s sales targets
Acknowledging its excessive optimism, Spyker posted another loss on Friday, reduced Saab's sales targets and asserted that expects to still lose money through next year. Several months... Read more
Opel-Magna deal to get finalized this week
Even as other European countries continue to have concerns about the deal General Motors Co. has entered for its Opel segment, it is still expected that the contract will be signed this... Read more
Spyker planning to build a modern version of the 1950s Saab model
Talks are ongoing between Spyker Cars NV, Saab Automobile's owner, with other carmakers about a plan to share technology and a platform for a new car based on a 1950s Saab model,... Read more
Vw wants new China boss to take on GM an Hyundai
Former Continental AG Chief Executive Officer Karl-Thomas Neumann is a candidate to replace Volkswagen AG's Winfried Vahland, said a person familiar with the matter. Neumann, who got... Read more
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