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It's all over for Saab, as talks with Spyker Cars fall through. Next up is a slow "wind down." GM will now focus on selling Hummer.
Most of the blame for Saab's failure is being laid at the feet of General Motors, which bought a half-interest in Saab in 1990 and then the rest of it a decade ago. GM ( GM , Fortune 500 ), the ...
Generally speaking, people loved Saab. Many of us weeped when the company announced it was going bust in 2011, not long after corporate daddy GM had sucked whatever soul it had left.
General Motors Co.’s plans to save Saab by selling it have failed, and the storied Swedish brand will be the latest to hit the scrap pile. The troubled Detroit automaker said Friday that its ...
(AP) AMSTERDAM - Spyker Cars NV, the tiny Dutch company that bought Swedish carmaker Saab from General Motors Co. (GM) for $74 million in 2010, said Monday it is suing GM for $3 billion in damages ...
Thanks to a niche car builder, Sweden’s Saab story will continue. Koenigsegg Group, a Swedish maker of so-called super-cars that can top 200 mph, said Tuesday that it had agreed to buy the Saab ...
GM's Saab deal falls through Deal to sell niche Swedish brand to Koenigsegg Group, a maker of high-end sports cars, is called off. EMAIL ... General Motors announced Tuesday.
UPDATE: On January 26, GM finally reached a deal with the Swedish government and Spyker Cars to sell Saab to Spyker. Here's some background on Saab's history with General Motors.
In order to maintain operations, Saab needed a quick resolution,” said GM Europe President Nick Reilly. “We regret that we were not able to complete this transaction with Spyker Cars.
The executives who ran Saab under General Motors. David Herman: 1990-92. Keith Butler-Wheelhouse: 1992-96. Bob Hendry: 1996-2000. Peter Augustsson: 2000-05. Jan Ake Jonsson: 2005-present.
STOCKHOLM — General Motors Corp.’s Swedish-based subsidiary Saab went into bankruptcy protection Friday so the unit can be spun off or sold by its struggling U.S. parent, officials said. The ...