• Sweden edition

General_motors

The following articles have been tagged with "General_motors":

Saab administrator: 'the patient is dead'

Business & Money: 22 Jan 12
Saab's bankruptcy administrator said at a press conference on Saturday that the company "is a patient who has long bled to death and the brutal truth is that the patient is dead", but retained hope that a buyer could be found. READ »

‘Turkish Saab’ would stay in Trollhättan: report

Business & Money: 5 Jan 12
If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker. READ »

Saab's US unit hopes to avoid bankruptcy

Business & Money: 22 Dec 11
Saab's North American division is trying to stay solvent in a bid to maintain warranties, while a Swedish insurance company has said it will cover warranty costs for Saab owners in Sweden following the Swedish automaker's bankruptcy. READ »

Expert: Saab's independent streak 'the beginning of the end'

Business & Money: 21 Dec 11
Decisions by former Saab owner General Motors weren't the cause of the Swedish automaker's bankruptcy, according to a new study, which also found that former Saab management is partly to blame. READ »

Muller: Saab bankruptcy 'the darkest day'

National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”. READ »

Saab hits bankruptcy 60 years after a flying start

Lifestyle: 19 Dec 11
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the unprofitable Swedish automaker 60 years after the aircraft manufacturer started making cars. READ »

Saab files for bankruptcy

Business & Money: 19 Dec 11
After months of teetering on the brink, Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand. READ »

GM 'won't support' new plans to save Saab

Business & Money: 17 Dec 11
General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy. READ »

Saab to file for bankruptcy: report

National: 12 Dec 11
Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media. READ »

Lift Saab's bankruptcy protection: administrator

Business & Money: 7 Dec 11
The court-appointed administrator charged with overseeing Saab's restructuring has petitioned a court to lift the beleaguered Swedish carmaker's bankruptcy protection, Saab Automobile confirmed on Wednesday. READ »

Saab juggles Chinese suitors 'to please GM'

Business & Money: 5 Dec 11
Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been described as a bid to appease previous owner US General Motors. READ »

Saab backer Antonov suspected of fraud

Business & Money: 23 Nov 11
Lithuanian prosecutors have issued a European arrest warrant for the Russian financier and Saab backer Vladimir Antonov on suspicion of fraud and money laundering. READ »

Saab – what is a Swedish car anyway?

Business & Money: 21 Nov 11
The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand. READ »

Saab takeover talks go on as deadline passes

Business & Money: 16 Nov 11
Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said. READ »

GM threat to Saab sale 'regrettable': minister

Business & Money: 8 Nov 11
The Swedish government has described as unfortunate a statement by General Motors this week threatening to block the transfer of technology licences if two Chinese companies buy Saab. READ »

GM halts sale of Saab to Chinese firms

Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing. READ »

General Motors mulls blocking Saab sale

Business & Money: 6 Nov 11
US automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies, citing concerns of its supplier relationship to the insolvent Swedish carmaker. READ »

Chinese officials support Saab deal 'in principle'

Business & Money: 1 Nov 11
A Chinese minister said Tuesday his government supported “in principle” plans by Chinese automakers Pang Da and Youngman to purchase troubled Swedish automaker Saab Automobile. READ »

Chinese firms reveal Saab profit ambitions

Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday. READ »

'Cautious optimism' over Saab's second escape from bankruptcy

Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains. READ »

Chinese firms in deal to buy Saab Automobile

Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile. READ »

Saab pulls plug on China funding deal

Business & Money: 24 Oct 11
Saab owner Swedish Automobile said on Sunday it had terminated a financing deal with the two Chinese firms, seen by many as the only hope of keeping the cash-strapped Swedish carmaker out of bankruptcy. READ »

Saab to appeal creditor protection rejection

Business & Money: 9 Sep 11
Saab will appeal a Swedish court decision to reject the automaker's request for bankruptcy protection, parent company Swedish Automobile announced on Friday. READ »

Swedish court rejects Saab restructuring

Business & Money: 8 Sep 11
Vänersborg district court in western Sweden has rejected beleaguered carmaker Saab Automobile's applications for business restructuring. Chairperson and CEO Victor Muller responded by declaring the firm's intention to appeal. READ »

New share issue to help raise quick cash for Saab

Business & Money: 15 Aug 11
The owner of troubled Swedish automaker Saab announced on Monday it planned to issue four million new shares via a deal with US-based GEM Global Yield Fund Limited. READ »

Saab secures short term funding, pays wages

National: 29 Jun 11
Saab's owner Swedish Automobile announced Wednesday it had secured more short-term funding with a 25-million-euro ($36-million) loan and that it has started paying out staff's salaries for June. READ »

Saab to pay staff after new China order

Business & Money: 27 Jun 11
An unnamed Chinese firm has ordered 582 cars from the crisis-hit Swedish car maker Saab in an order worth around €13 million ($18 million) and enabling the beleaguered firm to pay staff salaries. READ »

Saab lacks funds to pay staff wages

Business & Money: 23 Jun 11
Cash-strapped carmaker Saab won't be able to pay this months wages to its employees, according to a statement from the company. READ »

Saab to staff: go home for two more weeks

Business & Money: 21 Jun 11
Swedish automaker Saab told workers on Monday that its factory in western Sweden would remain idle for two more weeks as the company negotiates with suppliers over repayment plans. READ »

Saab unveils second partner in new China deal

Business & Money: 13 Jun 11
Cash-strapped Swedish automaker Saab announced on Monday it had finalised the details of an a agreement with China's Pang Da and Zhejiang Youngman Lotus Automobile to manufacture and distribute cars in China. READ »

Saab production grinds to a new halt

Business & Money: 9 Jun 11
Cash-strapped Swedish carmaker Saab stopped production on Wednesday due to a lack of spare parts, only two weeks after restarting production lines. READ »

Reinfeldt 'concerned' over Saab deal collapse

National: 12 May 11
Sweden's prime minister Fredrik Reinfeldt expressed concern about the future of Saab following the collapse Thursday of a deal with China's Hawtai that would have provided Swedish automaker with much needed cash. READ »

Saab recruits new North America head

Business & Money: 10 May 11
Swedish car maker Saab AB has announced the recruitment of a top executive from Japanese firm Subaru to run its North American operations as it bids to rebuild its embattled brand. READ »

Fresh cash, new Chinese partner set to revive Saab

National: 2 May 11
Production at Swedish car maker Saab is set to resume within a week after the firm secured a deal for a €30 million ($45 million) cash injection on Monday amid reports that the company had also forged a partnership with a Chinese automaker. READ »

Losses continue for Saab owner Spyker

Business & Money: 29 Apr 11
Saab Automobile owner Spyker Cars reported a net loss of €76.3 million ($113 million) for the first quarter, but sales of the iconic Swedish brand shows signs of upward swing. READ »

Sweden’s Saab - back to the future?

Analysis & Opinion: 28 Apr 11
With Swedish carmaker Saab once again teetering on the brink of financial disaster a little over a year after it was saved from bankruptcy, The Local’s Peter Vinthagen Simpson reviews the recent trials and tribulations of this once iconic brand. READ »

Antonov gets green light for Saab stake

National: 28 Apr 11
Russian financier Vladimir Antonov has received approval from former Saab owner General Motors and the Swedish National Debt Office to become a part owner of troubled Swedish automaker. READ »

Saab staff on hold as cash search continues

National: 28 Apr 11
Cash-strapped Swedish car maker Saab told staff on Wednesday that they were not needed back at work as the search for financing continues to enable the firm to restart production lines left idle for over three weeks. READ »

Saab faces tough battle to survive: experts

Business & Money: 17 Apr 11
Although the Swedish government helped Saab last week by easing its liquidity issues, many industry observers are skeptical that the company can survive. READ »

Sweden approves new Saab financing plans

Business & Money: 15 Apr 11
The Swedish government announced on Friday it would allow cash-strapped automaker Saab to alter its financing in order to continue its operations, but only under certain conditions. READ »

National Debt Office opens up for Saab loans

Business & Money: 15 Apr 11
On Thursday the National Debt Office took a small step towards Saabs recovery by opening up for the cash-strapped carmaker to receive loans from other sources than the EIB. READ »

'Saab is a brilliant deal': Antonov

Business & Money: 14 Apr 11
Russian financier and potential Saab investor Vladimir Antonov, who remains undaunted by recent troubles the Swedish carmaker, is currently being vetted by the Swedish national debt office. READ »

Saab confirms 'extended' production stoppage

Business & Money: 12 Apr 11
Spyker Cars, the Dutch owner of Sweden's Saab, said Tuesday that production will remain on hold while it searches for a solution to funding problems in order to pay suppliers. READ »

Spyker confirms talks to sell Saab real estate

Business & Money: 11 Apr 11
Spyker Cars, the Dutch owner of embattled Swedish carmaker Saab, has confirmed that it is in talks to sell off Saab factories in a bid to address cashflow problems which have left production at a standstill. READ »

Saab seeks to allay financial health fears

Business & Money: 4 Apr 11
Swedish carmaker Saab and its Dutch owner Spyker took steps on Monday to reassure investors that the future is based on solid financial ground, while reports indicate that Spyker head Victor Muller doubled his salary in 2010. READ »

Deliveries resume after late Saab payment

Business & Money: 1 Apr 11
A major supplier to Saab Automobile that had halted deliveries to the Swedish brand began sending parts again on Friday after the carmaker finally paid an overdue invoice. READ »

Unpaid bills halt Saab car production

Business & Money: 30 Mar 11
Saab Automobile was forced to halt production at its factory in Trollhättan in western Sweden on Tuesday after a transport company halted deliveries due to millions of kronor in unpaid invoices. READ »

Saab CEO resigns after 'three demanding years'

Business & Money: 25 Mar 11
Jan Åke Jonsson has resigned as CEO of Swedish car maker Saab Automobile, the company announced in a statement on Friday, amid growing doubts over the firm's relaunch since being bought by Dutch Spyker Cars. READ »

Saab Automobile hires Aussie blogger who 'saved' the company

Business & Money: 16 Mar 11
An Australian blogger with a passion for Saab cars who "played a key role in saving Saab" has been rewarded with a job at the Swedish automaker. READ »

Antonov ready to be an owner of Saab

Business & Money: 10 Mar 11
Russian financier Vladimir Antonov expressed his doubts about sales goals for Saab Automobile on Thursday, adding that the Swedish automaker may need an extra buffer. READ »

Antonov sets sights on Saab ownership

Business & Money: 24 Feb 11
Russian financier Vladimir Antonov, who on Thursday agreed to buy the sports car operations of Saab Automobile owner Spyker Cars, said it's only a matter of time before he claims an ownership stake in the Swedish automaker. READ »

Saab owner Spyker cuts Saab 2010 sales forecast

Business & Money: 29 Oct 10
Saab automobile owner Spyker announced on Friday that it expects to sell 30,000 to 35,000 Saab cars this year, about 10,000 less than initially forecast. READ »

Saab's luxurious new 9-5 is ready for take off

Lifestyle: 11 Oct 10
For Swedish carmaker Saab, its new 9-5 model could not be more important. Contributor David Hooper finds out if it lives up to all of its pre-launch hype, and considers the company’s plans for the future. READ »

Saab deal puts BMW engines under the hood

Business & Money: 29 Sep 10
Germany’s BMW will supply engines to Swedish automaker Saab starting in 2012, the company announced on Wednesday. READ »

Spyker confirms talks with BMW over Saab deal

Business & Money: 27 Sep 10
Spyker Cars, the Dutch automaker that owns Sweden's Saab, confirmed on Monday that it was in talks with Germany's BMW, noting speculation about a "possible supply relationship." READ »

General Motors slammed in Saab sale exposé

Business & Money: 10 Sep 10
Jöran Hägglund, the Swedish government's representative at the heart of the deal to sell Saab has pointed the finger at US giant GM and 'foolish' opposition parties, in a revealing new book exposing the battle to save the firm. READ »

Saab owner Spyker first-half losses soar

Business & Money: 27 Aug 10
Spyker Cars, the Dutch specialist automaker of Sweden's Saab, said on Friday that its first-half losses soared as a result, but it insisted that it was still on course for a 2012 profit. READ »

Saab owner Spyker's debts greater than assets

Business & Money: 26 Aug 10
Luxury car manufacturer Spyker Cars, which purchased Sweden's Saab from General Motors, has more debts than assets, according to a filing submitted to the stock exchange in Amsterdam, NYSE Euronext. READ »

Saab turns profit after 2009 crisis

Business & Money: 27 Jul 10
Crisis-hit carmaker Saab Automobile turned a profit of 3.9 billion kronor ($531 million) in 2009, but only thanks to deals with its creditors and a deal to sell equipment to a Chinese automaker. READ »

Spyker completes Saab payment

Business & Money: 5 Jul 10
Spyker Cars has completed the second and final $24 million payment to complete the purchase of Swedish carmarker Saab from US firm General Motors, the Dutch firm has confirmed. READ »

Spyker chief promises new life for Saab

Business & Money: 2 Jun 10
The head of Dutch sportscar maker Spyker promised in an interview on Tuesday to secure the future of his recently acquired iconic Swedish brand Saab by giving it back its identity and independence. READ »

Saab unveils new Saab 9-5 to journalists

Business & Money: 31 May 10
After many months of waiting, 250 foreign journalists tested Saab Automobile's new flagship vehicle, the new second-generation Saab 9-5, in Trollhättan on Monday. READ »

Saab making steady return to health: CEO

National: 13 May 10
Saab CEO Jan Åke Jonsson has said the iconic Swedish brand is showing good signs of recovery after teetering close to the abyss before its sale to Dutch luxury car maker Spyker. READ »

Spyker withdraws funds from Saab offshoot

National: 20 Apr 10
Dutch firm Spyker has declared its intention to cover its losses by taking funds from Saab GB, arguing that the firm is not a Saab subsidiary but an independent company bought from US General Motors. READ »

Chinese BAIC expresses interest in Saab investment

National: 2 Apr 10
China's Beijing Automotive Industry Holding Co. has said it wants to invest in Saab after it failed to buy the Swedish car company, according to a newspaper interview published on Thursday. READ »

Saab to build cars in Russia: Antonov

National: 29 Mar 10
Spyker adviser Vladimir Antonov has said Saab is planning to build a new plant in the Russian enclave of Kaliningrad, where it will produce 10,000 cars a year. READ »

Saab owner reports massive loss

Business & Money: 26 Mar 10
Spyker Cars, the Dutch niche car maker that recently purchased Sweden's Saab, reported losses on Friday equating to almost four times its sales for 2009. READ »

Spyker announces Saab jobs boost

Business & Money: 25 Mar 10
Swedish carmaker Saab aims to expand production sixfold over the next two years, and outlined plans to increase its workforce by 500, the firm's new owners, Spyker Cars, said on Wednesday. READ »

Saab production lines roll again

Business & Money: 22 Mar 10
At exactly 9.17am on Monday, Saab Automobile's production director Gunnar Brunius cut through a yellow ribbon to restart the production lines at the firm's Trollhättan factory. READ »

Saab's Russian backer seeks clean slate

Business & Money: 4 Mar 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars' takeover of Saab, has launched a campaign to clear his name from allegations of money laundering and organised crime. READ »

Spyker completes Saab deal

National: 23 Feb 10
Spyker and General Motors have completed the final paperwork to seal the Dutch luxury car maker's purchase of Saab Automobile. READ »

'Saab purchase delayed': Spyker CEO

Business & Money: 23 Feb 10
The purchase of Swedish car maker Saab by Spyker, scheduled to be completed on Tuesday, could be delayed by another day, the Dutch firm's CEO Victor Muller said on Tuesday. READ »

Antonov pledges $100 million for Saab deal

National: 19 Feb 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars, has pledged that he is ready to lend $100 million to the Dutch car maker in order to finance their takeover of Saab. READ »

Russian businessman finances Saab deal

National: 18 Feb 10
Vladimir Antonov, the Russian businessman forced to step aside as a condition of the takeover of Saab by Dutch Spyker, has claimed that his banks have financed the first downpayment to General Motors. READ »

Spyker chief opens door to Russian owner

Business & Money: 16 Feb 10
Spyker CEO Viktor Muller has declared that he would welcome the return of controversial Russian financier Vladimir Antonov to the firm, which recently announced the takeover of Sweden's Saab Automobile. READ »

Defence firm Saab returns to profitability

National: 14 Feb 10
Saab Automobile has been losing money for years. But the separate Saab military products company is posting nice profits, though not quite meeting market expectation. READ »

Saab green light from Spyker shareholders

Business & Money: 12 Feb 10
Spyker's shareholders have given the all clear fro the Dutch luxury car maker to press ahead with the purchase of Saab Automobile from General Motors. READ »

EU approves Sweden's Saab loan guarantee

Business & Money: 8 Feb 10
The EU's competition watchdog has approved the Swedish government's intention to guarantee a European Investment Bank (EIB) loan to automaker Saab. READ »

Government probe halted Saab-Spyker deal

National: 30 Jan 10
An investigation ordered by the Swedish government into the workings of Spyker and its Russian investors landed on the desk of the FBI and put a temporary stop to the Saab deal being reached. READ »

Dutch shareholders doubt Saab-Spyker deal

Business & Money: 29 Jan 10
The director of the Dutch Shareholder's Association VEB has thrown a spanner in the works of the Saab-Spyker deal by publicly demanding answers from Spyker CEO Victor Muller on his financing plans. READ »

Sweden reacts with joy and caution to Saab sale

National: 27 Jan 10
Unbridled enthusiasm and cautious optimism, along with a dash of outright scepticism, marked the editorial pages of Swedish newspapers on Wednesday in reaction to news of Saab Automobile’s sale to Spyker Cars. READ »

Spyker chief to preserve Saab's 'Swedishness'

National: 27 Jan 10
Shortly after the announcement that his company was purchasing Saab Automobile, Spyker Cars CEO Victor Muller vowed to keep the "iconic" Saab brand afloat amid the current car industry crisis. READ »

The inside track: Spyker

Analysis & Opinion: 26 Jan 10
Dutch luxury sportscar maker Spyker, which is to buy Sweden's Saab from US auto giant General Motors, is a minnow in the global automotive industry. READ »

Saab enters new era

Business & Money: 26 Jan 10
Saab Automobile has been rescued from extinction as owner General Motors agrees to sell the iconic Swedish brand to Dutch sports car maker Spyker. READ »

Trading in Spyker halted on Dutch exchange

Business & Money: 26 Jan 10
Trading in Dutch sports car maker Spyker has been halted on the Euronext Amsterdam stock exchange as speculation mounts about a takeover of Saab Automobile. READ »

Genii Capital pulls out of Saab bidding process

Business & Money: 26 Jan 10
The Luxembourg investment firm backing Formula One boss Bernie Ecclestone's efforts to purchase Saab from General Motors said on Monday it was dropping out, leaving Dutch carmaker Spyker as the last remaining bidder. READ »

Saab deal not yet done: General Motors

National: 25 Jan 10
General Motors and the Swedish government have both poured cold water on rumours that Saab has been sold to Dutch sports car maker Spyker. "Negotiations are still ongoing," according to a GM spokesman. READ »

Dutch billionaire could save Saab: report

Business & Money: 25 Jan 10
Dutch billionaire businessman Marcel Boekhoorn has upped his investment in Saab suitor Spyker, replacing the Russian bankers who represented a stumbling block to the deal for General Motors, according to Swedish media reports. READ »

Spyker boss to Sweden over Saab future

National: 23 Jan 10
Negotiations between General Motors and Dutch luxury car maker Spyker over the future of Saab were believed to have moved to Stockholm on Friday, with media reports stating Spyker CEO Victor Muller paid a visit to the capital. READ »

Ecclestone prepares new cash bid for Saab

Business & Money: 18 Jan 10
Formula One boss Bernie Ecclestone remains in the hunt to buy Saab from General Motors despite reports touting Dutch sportscar maker Spyker as the sole remaining bidder. READ »

Thousands of drivers in Saab support road rally

National: 18 Jan 10
More than 2,000 Saab drivers filled a several kilometre stretch of road in the Swedish automaker's home town on Sunday in a demonstration of support for the beloved brand in the face of a decision by owner GM to wind it down. READ »

Only one bidder for ailing Saab: report

National: 17 Jan 10
Dutch boutique car maker Spyker Cars is said to be the only remaining bidder for the troubled General Motors unit Saab Automobile based in Sweden. Saab is in the first stage of gradually being liquidated. READ »

Merbanco pulls out of race to buy Saab

Business & Money: 15 Jan 10
The CEO of the small US investment company has emailed independent enthusiast website SaabsUnited.com to say GM has turned down the firm’s bid to buy Saab. READ »

Formula One boss submits new Saab bid

National: 13 Jan 10
The battle over the future of Saab took another twist on Wednesday as a group including Formula One boss Bernie Ecclestone submitted a new bid to buy the Swedish automaker from General Motors. READ »

Spyker chief: we've shown GM the money

Business & Money: 13 Jan 10
Saab can still be sold, Dutch sportscar maker Spyker insisted once again on Tuesday, claiming it had the money needed to purchase the Swedish brand. READ »

Union groups: 'Save money - sell Saab'

Analysis & Opinion: 12 Jan 10
The heads of the local chapters of four trade unions represented at Saab headquarters in Trollhättan in south west Sweden have written a letter to US media urging General Motors to protect American taxpayers' money by saving Saab. READ »

Workers: 'Save Saab from Gangster Motors'

National: 12 Jan 10
At noon on Tuesday, thousands of Saab Automobile employees gathered outside the company’s factory in Trollhättan in western Sweden to signal their displeasure with the behaviour of Saab owner General Motors. READ »

Continued uncertainty over fate of Saab

Business & Money: 12 Jan 10
Saab Automobile's future remained in the balance on Monday as the head of General Motors signalled the wind-down of the Swedish carmaker was moving ahead, while other sources said that discussions continue with at least one suitor. READ »

Last-ditch Swedish effort to save Saab

National: 10 Jan 10
The Swedish Government has evidently not given up hope that the ailing Swedish-based Saab Automobile can be saved, as a delegation makes its way to General Motors headquarters in Detroit. READ »

Saab can still be sold: General Motors

National: 9 Jan 10
General Motors announced on Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden. READ »


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Swedish word of the day

fin

adjective

Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.



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