Tag Archive for 'Saab'Confirmed: GM will sell Saab to Spyker January 26th, 2010 by Bill Cawthon
General Motors has just confirmed it is selling Saab Automobile AB to Spyker Cars NV of the Netherlands. A binding agreement has been reached that will save the iconic Swedish brand from oblivion. The sale transaction is expected to close in mid-February. GM has suspended its wind-down arrangements.
GM News: Ed Whitacre to be GM’s new CEO, Saab sold January 25th, 2010 by Bill Cawthon
CNBC and Automotive News are reporting that Ed Whitacre, Chairman of the Board at General Motors, will be named the company’s new permanent CEO. The announcement will be made this morning at 11:30 Eastern Time. Fiat chief taking on Chrysler May 7th, 2009 by DaveAdmin
A Fiat spokesman confirmed that Sergio Marchionne, CEO of Fiat Group, will head Chrysler when it leaves bankruptcy, most likely in May or June; he is also working on taking over Opel, Saab, and Vauxhall. Fiat confirms talks with GM for European operations May 3rd, 2009 by Bill Cawthon
Fiat SpA confirmed today that it is talking to General Motors Europe (GME) about acquiring GME’s troubled European operations. The Italian automaker wants Opel, Saab and Vauxhall to assemble an automotive operation large enough to be competitive in the future world market. Fiat CEO Sergio Marchionne has said an automaker needs to be able to [...] ShareSaab to file for reorganization February 20th, 2009 by Bill Cawthon
In a move that was widely expected, General Motors’ wholly owned Swedish subsidiary, Saab, has announced it will file for reorganization in the Swedish courts. Auto brands are tough sell January 9th, 2009 by Bill Cawthon
Cerberus may want to re-think one of its potential exit strategies from its ownership of Chrysler: selling brands like Jeep. Piecemeal sales don’t seem to be attracting much interest these days, even at fire sale prices. |
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