Saab_automobile

The following articles have been tagged with "Saab_automobile":

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 »

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 »

Spyker chief upbeat as EIB approves Saab loan

National: 12 Feb 10
The European Investment Bank has given the all clear for the completion of a €400 million loan to Saab Automobile. 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 »

Saab dealers: we'll help pay for Spyker deal

Business & Money: 5 Feb 10
Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile. 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 »

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 »

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 »

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 »

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 »

New Saab 9-5 may never be released: GM exec

Business & Money: 11 Jan 10
The updated version of the Saab 9-5 may very well not make it to market as a result of General Motor’s decision to wind down the Swedish automaker, according to a GM executive. 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 »

GM begins official Saab wind-down

National: 8 Jan 10
General Motors have taken the decision to start official proceedings to wind down the Saab Automobile organisation in Trollhättan. READ »

GM confirms multiple Saab bidders

National: 8 Jan 10
General Motors confirmed on Friday that it has received a number of bids for Swedish unit Saab Automobile. READ »

Swedish group eyes Saab sale: report

National: 8 Jan 10
A group led by a Swedish truck industry veteran and a former government minister has expressed an interest in buying Saab Automobile from US owner General Motors. READ »

Spyker confirms revised Saab bid

National: 8 Jan 10
Dutch sports car maker Spyker has confirmed that it submitted a renewed bid for Saab Automobile before the expiry of General Motors' Thursday evening deadline. READ »

Luxembourg bidder in late burst to buy Saab

National: 7 Jan 10
Luxembourg-based investment firm Genii Capital has joined the race to buy Saab Automobile from US owner General Motors, according to Swedish media reports. READ »

Spyker to submit third Saab bid: report

National: 7 Jan 10
Dutch luxury car maker Spyker is planing to approach General Motors on Thursday with a third bid for the US car maker's Swedish unit Saab Automobile, according to media reports. READ »

Deal to save Saab unlikely: GM head

Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down. READ »

Saab lovers to GM: don't shut Saab down

Business & Money: 4 Jan 10
Saab enthusiasts in North America are heading to Detroit in hopes of urging General Motors to sell the Swedish automaker instead of shutting it down as Dutch luxury carmaker Spyker puts the finishing touches to a final bid. READ »

GM extends deadline for Saab sale: report

Business & Money: 30 Dec 09
General Motors has extended its December 31st deadline for the sale of Saab Automobile, according to a Saab official. Meanwhile, Swedish unions have turned to Washington for help in urging GM to sell the Swedish automaker. READ »

New Saab 9-5 to be a Buick or Opel: report

Business & Money: 29 Dec 09
Hopes are fading in Trollhättan regarding Saab Automobile's survival amid rumours that General Motors plans to release the latest Saab model as a Buick or Opel. READ »

Marketing guru: I can save Saab

Business & Money: 28 Dec 09
A French-born, US-based marketing expert who has often criticized American carmakers claims he can turn around troubled Swedish automaker Saab Automobile. READ »

Swedish unions upbeat after Spyker talks

National: 22 Dec 09
Representatives for two of Sweden's formost trade unions met with with Spyker on Monday to discuss the Dutch sports car maker's last gasp bid for GM's beleaguered Saab Automobile unit. READ »

Spyker extends Saab deal deadline

National: 21 Dec 09
Dutch car maker Spyker has dropped its Monday evening bid deadline and remains in talks with General Motors over the possible purchase of Saab. Sweden's government has pledged to aid Saab workers if the deal falls through. READ »

Spyker and GM in last ditch Saab talks

National: 21 Dec 09
The head of Dutch sports car maker Spyker met with General Motors on Monday afternoon in a final attempt to convince the US auto company to sell Saab Automobile, the iconic Swedish brand facing an imminent wind-down. READ »

Analysts wary of Spyker bid amid crisis talks

National: 21 Dec 09
Sweden's government held crisis talks with union representatives in Stockholm on Monday as the clock ticks down on Saab Automobile's stay of execution. READ »

Unions urge GM to review new Saab bid

National: 21 Dec 09
Swedish union leaders are urging GM to consider Dutch sports carmaker Spyker's new offer for Saab. READ »

Spyker renews Saab bid

National: 20 Dec 09
Dutch sports car maker Spyker has submitted a fresh bid for Saab Automobile despite GM's decision to shut down its Swedish unit. READ »

Saab closure sad but expected: Swedish media

Analysis & Opinion: 20 Dec 09
Weighing in over the weekend about the closure of Saab auto manufacturer, the Swedish media expressed regret but not surprise over General Motor's decision to wind down its Swedish operations. READ »

No deal with Spyker due to Russian owner

National: 19 Dec 09
An insider source with information about the Saab closure claims that US car maker General Motors did not sell its Swedish unit to Dutch Spyker due to concern about too many inconsistencies surrounding Russian joint owner Vladimir Antonov. READ »

Saab: 60 years of love, debt and tears

National: 18 Dec 09
General Motors' announcement on Friday that it will wind down its lossmaking brand Saab Automobile brings an end to the iconic Swedish brand after six decades of car manufacturing. READ »

No government rescue for Saab: Olofsson

National: 18 Dec 09
Sweden's enterprise minster Maud Olofsson lamented the "very sad" news on Friday of the imminent demise of Saab Automobile, while also reiterating her long-held assertion that the government will not step in to save the brand. READ »

GM set to wind down Saab

National: 18 Dec 09
US car maker General Motors is to shut down Saab as talks collapse with Dutch sportscar manufacturer Spyker over the acquisition of GM's Swedish unit. READ »

Spyker lined up to buy Saab: GM

National: 15 Dec 09
General Motors has revealed that Dutch sportscar maker Spyker is the only firm in the running for the acquisition of Saab Automobile. READ »

BAIC deal allows Saab to operate through first quarter: report

Business & Money: 15 Dec 09
Saab Automobile reportedly received 1.4 billion kronor ($200 million) from China’s Beijing Automotive Industry Holding Co. in exchange for access to some of the Swedish automaker’s technology. READ »

BAIC confirms purchase of Saab assets

Business & Money: 14 Dec 09
Beijing Automotive Industry Holding Co. of China confirmed on Monday it has reached an agreement with Saab Automobile to buy the intellectual property rights for certain assets of the struggling Swedish carmaker. READ »

China's BAIC in deal to buy parts of Saab: report

Business & Money: 13 Dec 09
Beijing Automotive Industry Holding Co. of China has inked a preliminary deal for the acquisition of parts of Saab Automobile, according to media reports. READ »

Professor trashes Saab suitor Spyker

Business & Money: 11 Dec 09
Dutch luxury sports carmaker Spyker, which has expressed its interest in buying Saab Automobile, is an even less reliable potential suitor than Koenigsegg, claims a professor in industrial organization. READ »

Dutch luxury carmaker confirms interest in Saab

National: 2 Dec 09
A second niche luxury sports carmaker, Spyker, has confirmed it is interested in buying Saab Automobile. READ »

Sweden hails month- long Saab reprieve

National: 2 Dec 09
Union and government representatives in Sweden welcomed the Tuesday announcement by General Motors that the company was exploring "expressions of interest" from potential buyers for Saab Automobile. But concerns about Saab's possible demise remain. READ »

'All hope is not lost for Saab': official

Business & Money: 1 Dec 09
The head of Saab Automobile, Jan Åke Jonsson, confirmed that General Motors is actively looking for new owners for the company’s Swedish division, following a meeting with GM management on Monday. READ »

Swedish officials in last ditch Saab rescue plea

Business & Money: 30 Nov 09
A Swedish government representative is due to land shortly in Detroit to provide input to the General Motors board ahead of a Tuesday meeting where it is expected to decide the fate of Saab Automobile. READ »

Renewed speculation over likely Saab buyers

National: 26 Nov 09
Rumours are circulating in Trollhättan, the western Swedish home of Saab Automobile, about renewed interest from buyers looking to purchase the Swedish automaker. Talks are also continuing with a number of Chinese car companies. READ »

War of words erupts over scuttled Saab sale

Politics: 25 Nov 09
A verbal spat has broken out between the political opposition and Sweden’s industry minister Maud Olofsson after Left Party leader Lars Ohly blamed the government for the failed sale of Saab. READ »

Swedish press: Saab 'damaged beyond repair'

National: 25 Nov 09
Sweden's main newspapers on Wednesday struck a gloomy tone about the prospects of Saab Automobile’s survival, the day after luxury automaker Koenigsegg ditched its plans to buy the troubled Swedish brand. READ »

Chinese firms could swoop for Saab: analyst

Business & Money: 25 Nov 09
The future of Saab Automobile is hanging in the balance after Swedish sports car maker Koenigsegg announced on Tuesday that it was pulling out of a deal to buy the iconic brand from General Motors. READ »

Koenigsegg backs out of Saab deal

Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement. READ »

Saab to double production in 2010

Business & Money: 17 Nov 09
Saab Automobile plans to more than double production at its flagship Swedish factory at the start of the new year. READ »

Saab slapped with debt claim over worker pay

Business & Money: 16 Nov 09
Saab Automobile has been hit with a payment demand from the administrative board of Västra Götaland county, which lent the troubled automaker hundreds of millions of kronor to ensure employees' salaries during restructuring. READ »

Questions from Brussels may threaten Saab sale

Business & Money: 4 Nov 09
An emergency loan vital to completing the sale of Saab Automobile has been held up by questions from the European Commission, possibly jeopardizing the proposed deal. READ »

Saab suffers US and Swedish sales slump

Business & Money: 4 Nov 09
Saab Automobile sales plummeted in the United States during the month of October, while sales of Volvo showed signs of improvement. READ »

European bank approves Saab loan request

National: 21 Oct 09
Saab Automobile has received permission to borrow 4 billion kronor from the European Investment Bank, the bank’s board revealed on Wednesday. READ »

Saab sales continue to crash in Europe

Business & Money: 15 Oct 09
Sales figures for Saab Automobile continue to disappoint, dipping 61.7 percent in September compared with the year before. Meanwhile, Volvo’s car sales jumped 8.1 percent. READ »

Koenigsegg countdown to seal Saab deal

Business & Money: 26 Sep 09
The buy-out of Saab Automobile by the Koenigsegg Group hangs in the balance after co-owner Bård Eker states the company could withdraw its offer if business is not concluded in the next few days. READ »

GM set to pump billions into Saab deal

Business & Money: 15 Sep 09
General Motors is set to pay out an estimated 10 billion kronor ($1.4 billion) in a bid to ensure it completes the sale of its troubled Swedish subsidiary. READ »

Chinese automaker signs on to Saab deal

Business & Money: 9 Sep 09
Sweden's Koenigsegg Group has brought on Chinese auto company Beijing Automotive Industry Holding Co Ltd (BAIC) to secure the financing needed to buy Saab from General Motors, Koenigsegg said on Wednesday. READ »

Shanghai car maker to join Saab deal: report

National: 8 Sep 09
Koenigsegg Group has informed the Swedish government that it has put together the financial package necessary to purchase Saab Automobile, while a Swedish business paper reports that a Chinese firm is also set to invest. READ »

GM to fill Saab funding hole: report

Business & Money: 2 Sep 09
The Koenigsegg Group has found new investors to enable it to complete the purchase of ailing car maker Saab Automobile. Current owner GM has also said it will help fund the purchase, according to Swedish media reports. READ »

Reinfeldt fobs off Koenigsegg Saab plea

Business & Money: 20 Aug 09
The Swedish state has no intention of bailing out the Koenigsegg Group, the prospective buyers of Saab Automobile, Prime Minister Fredrik Reinfeldt has said. READ »

Sweden refuses to fill capital hole in Saab deal

Business & Money: 19 Aug 09
The Swedish government has refused a request from Koenigsegg Group to lend a further 3 billion kronor ($412 million) to enable the firm to complete the purchase of Saab Automobile AB from ailing US giant General Motors. READ »

GM confirms Saab sale

Business & Money: 18 Aug 09
US automotive giant General Motors has confirmed that it has signed a stock purchase agreement with the Koenigsegg Group regarding the sale of Saab Automobile to the Swedish-led consortium. READ »

Koenigsegg buys Saab

Business & Money: 17 Aug 09
The Koenigsegg Group, a consortium led by the Swedish sports car manufacturer of the same name, confirmed late on Monday evening that it has signed a binding deal with General Motors to seal the purchase of Saab Automobile. READ »