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You are currently browsing the Allpar Chrysler, Dodge, and Jeep News news archives for 'Saab' tag.
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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. “Today’s announcement is great news for Saab [...]
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. Whitacre, the retired ATT CEO executive who has been running GM since the ouster of Fritz Henderson, replaced Kent Kresa [...]
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. Marchionne is a dual Canadian and Italian citizen, who has stated his goal as creating the world’s second largest automaker (and [...]
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 [...]