Saab Faces Scrapheap as Sale Fails
Nov 25, 2009
Washington DC November 25, 2009; The AIADA newsletter reported that Koenigsegg Group AB said Tuesday it was backing out of a deal regarding its planned purchase of Saab, citing a series of costly delays. The agreement with Koenigsegg was based on financial backing from the Swedish government, but in the end, taking on ... Continue reading
BREAKING NEWS: Koenigsegg Group AB Terminate Agreement For Purchase of Saab
Nov 24, 2009
DETROIT, Nov. 24 -- General Motors confirmed today that the proposed sale of its Saab subsidiary to Koenigsegg Group AB was terminated at the discretion of the buyer. "We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM President and CEO, Fritz Henderson. "Many have worked tir ... Continue reading
Saab Cancels North American Preview Event at San Francisco Auto Show
Nov 24, 2009
SACRAMENTO - November 24, 2009: Saab had been planning a cocktail party exclusive sneak preview tomorrow night at the opening of this year's San Francisco International Auto Show. However, after the news broke today that the deal between General Motors and Koenigsegg Group was off, GM issued this short statement: In li ... Continue reading
Sep 23, 2009
Exclusive and in-depth coverage of the 63rd Internationale Automobil-Ausstellung, the worldâs largest motor show AUTO CENTRAL - September 10, 2009: With just a few days to go before the start of the 2009 Frankfurt Motor Show, which is the unofficial official start of the 2010 major auto show season, TheAutoChannel ... Continue reading
2009 Frankfurt Motor Show: All New Saab 9-5 Sedan: Start of a New Era - VIDEO ENHANCED
Sep 17, 2009
Public debut for Saab's all new premium sedan Progressive Scandinavian design inspired by Aero X and Saab heritage Engineered with driver in focus for segment leading sporty driving experience Excels in responsible performance for safety and environmental concern Most technically advanced Saab with an array of âhi ... Continue reading
Sep 15, 2009
Sleek, sophisticated and unmistakably Saab, the all-new 9-5 saloon signals the dawn of a new era for the Saab brand. With progressive, confident styling and advanced technology, Saab's distinctive new flagship will bring a fresh, alternative choice to the premium saloon segment when it goes on sale in 2010 ... Continue reading
One More From Column A: Sweden's Koenigsegg and China's BAIC Agree On Saab Deal
Sep 9, 2009
STOCKHOLM, Sept 9, 2009; Victoria Klesty writing for Reuters reported that State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' [GM.UL] Saab unit, in the latest push by a Chinese auto firm to secure a global footprin ... Continue reading
Saab 9-5 at The Frankfurt Motorshow 2009
Sep 9, 2009
The much anticipated new Saab 9-5 Saloon will be revealed on the Saab stand next Tuesday at this year's Frankfurt Motorshow. ... Continue reading
Sep 1, 2009
GM August Sales Total 246,479; Highest Total and Retail Sales in 2009; "Cash for Clunkers" Vehicles Up 42 Percent Retail Compared with Last Year August month-over-month retail sales increase led by core brands: Chevrolet, GMC, Buick and Cadillac, which were up 21 percent collectively Chevrolet, led by the Camaro - the ... Continue reading
2009 Frankfurt Motor Show: All New Saab 9-5 Sedan - Start of a New Era for Saab
Aug 28, 2009
All new premium sedan to debut at Frankfurt IAA Progressive Scandinavian design inspired by Aero X and Saab heritage Engineered with driver in focus for segment leading sporty driving experience Excels in responsible performance for safety and environmental concern Most technically advanced Saab with an array of â ... Continue reading
General Motors and Koenigsegg Sign Stock Purchase Agreement for the Sale of Saab - VIDEO ENHANCED
Aug 18, 2009
General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab's future. Saab Automobile plans to exit legal reorganization shortly. ... Continue reading
Sources Say GM Closes Deal For Saab Sale With Car Maker Koenigsegg
Aug 17, 2009
STOCKHOLM, Aug 17 Sweden's Koenigsegg has closed its purchase of money-losing Saab Automobile from General Motors Co [GM.UL], but financing arrangements have yet to be finalised, a Swedish daily said on its website on Monday. Dagens Nyheter, citing sources, said GM and Koenigsegg had agreed on a "very low" price for Sa ... Continue reading
Aug 7, 2009
Detroit August 7, 2009; Consumers have already cast their vote and the CARS program is a clear winner. Our Customers and Dealers appreciate Congress' help in keeping the program's momentum going and providing the stimulus to put more clean, fuel efficient vehicles on the road. CARS is one program that has given consume ... Continue reading
"Cash For Clunkers" Rewarding Consumers With Up To $4.5k For Turning In Old Vehicles - VIDEO STORY
Aug 6, 2009
DETROIT - August 6, 2009: After more than a year of declining car sales and closing dealerships, the auto industry may be getting a second wind. With the success of "Cash for Clunkers", cars sales are on the rise. Officially known as the Car Allowance Rebate System, the program rewards people for turning in older gas g ... Continue reading
While Truth About CASH FOR CLUNKERS Funds Remains Unclear More Money is Approved
Jul 31, 2009
AUTO CENTRAL - July 31, 2009: Late yesterday the Associated Press published a report stating that the CARS "Cash for Clunkers" program was being suspended because funds had run out (just days after the program commenced). AP cited an annonymous source. This source has still not been revealed. The story was published ev ... Continue reading
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