Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Saab

Saab stories: 7 news summaries

(AP) - Saab, the struggling Swedish company owned by GM, was rescued today by a consortium led by Koenigsegg Automotive AB, a tiny luxury automaker that produces only a dozen vehicles a year. GM said the sale would include an expected $600 million funding commitment from the European Investment Bank, guaranteed by... More »

MORE ABOUT:
Sweden • Saab • Koenigsegg • European Investment Bank

ANALYSIS

 Vehicles That Drove 
 GM to Bankruptcy 


Jun 1, 09 5:45 PM CDT
(Newser) - With the move finally official, Matt Hardigree, for Jalopnik, lists the 10 vehicles that bankrupted General Motors:
  • Chevrolet SSR: “Meant to capture the imagination of buyers. Unfortunately, few buyers were imagining an expensive, gas-guzzling convertible truck that …was basically unusable as a truck."
  • Saturn
... More »

MORE ABOUT:
bankruptcy • General Motors • Saturn • Saab • Subaru • Chevrolet SSR • Hummer H2 • Cadillac Escalade EXT

 Foreign Bidders 
 See Opportunity 
 in Detroit Mess 

As GM, Chrysler spin off units in their wake, the global auto landscape shifts

May 7, 09 8:25 AM CDT
(Newser) - With Chrysler in bankruptcy and General Motors at the precipice, foreign companies are preparing bids for parts of the US auto industry, the Wall Street Journal reports. The result will be a broad global reshuffling as companies like Italy’s Fiat, France’s Renault, and even China’s Geely buy... More »

MORE ABOUT:
Chrysler • General Motors • auto industry • Fiat • automobile • Nissan-Renault • Saab • Opel • Geely Automobile Holdings

Renault May Acquire Saturn; Chinese Firm Bids for Saab

GM courts foreign buyers in fire sale

May 6, 09 1:07 PM CDT
(Newser) - Renault is in talks with General Motors about acquiring its Saturn brand, the Wall Street Journal reports. Demonstrating the considerable foreign interest in GM divisions, China’s Geely Automobile Holdings has submitted a bid for Saab. GM is looking to cut unprofitable units ahead of a June 1 restructuring deadline.... More »

MORE ABOUT:
General Motors • Nissan • Saturn • auto industry • Renault • Saab • Geely Automobile Holdings

 Sweden to Saab: Tough Luck 

The G.M.-owned Swedish automaker seeks a buyer to save itself

Mar 23, 09 8:34 AM CDT
(Newser) - As governments around the world have propped up their automobile companies, typically paternalistic Sweden has answered Saab’s plea for help with an unexpected reply: “No.” No bailout, no takeover. The town of Trollhattan in southwest Sweden now faces economic catastrophe akin to Detroit’s decline as its... More »

MORE ABOUT:
General Motors • unemployment • Sweden • auto industry • job • Saab • auto worker

(Newser) - Saab applied for protection from creditors today, after parent company General Motors said this week it planned to cut the company loose, Bloomberg reports. In a process much like Chapter 11 bankruptcy, the Swedish automaker will restructure and look for funding with the goal of spinning off from GM or... More »

MORE ABOUT:
bankruptcy • General Motors • Sweden • auto industry • Saab

 Ford May Sell Off Volvo 

Company's US sales off 28% in '08; Swedish government in talks

Dec 1, 08 10:29 AM CST
(Newser) - Ford is looking to cut costs wherever it can, and that might mean selling off its Volvo unit, the Wall Street Journal reports today. US sales for Volvo dropped off 28% in the first 10 months of 2008, and Ford, bleeding cash, plans to trim down and focus on its... More »

MORE ABOUT:
Ford • Volvo • Alan Mulally • Sweden • US automakers • financial crisis • Saab

7 Stories


from our news partners

CinemaBlend.com