Breaking: Saab to be wound down
General Motors announced today that the sale of its Saab brand would not be concluded. This came after the withdrawal of Koenigsegg Group AB last month and due to the certain issues that... 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
Report: Saab and its 218 U.S. franchises will close down
A third General Motors Co. brand gets the ax this year. Despite optimism that Saab will be sold off to Spyker Cars NV, issues "couldn't be resolved quickly enough" and so GM had decided... Read more
Beijing Auto aims to finalize plans to buy Saab by the end of 2009
Plans for Beijing Automotive Industry Holding Ltd. and its Swedish partner to purchase Saab are being finalized and are expected to conclude by the end of the year, according to an... 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
Report: Spyker hopes to purchase Saab in ‘days, not weeks’
Spyker Cars NV's impatience on the outcome of its bid for Saab is showing. The Dutch carmaker's CEO Victor Muller said that if it doesn't reach an agreement with parent General Motors Co.... Read more
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