Fiat Looking to Pickup GM Europe Units to Create New Super-Fiat Company
May 3, 2009
ROME - May 3, 2009: AP is reporting that Fiat is in talks with General Motors Europe to acquire most, if not all of GM's European brands. According to the AP story, "Fiat said in a statement Sunday it's evaluating the possible spinoff of its auto business to form the core of the new company." The current Fiat Automobil ... Continue reading
A Powerful Proposition From Saab The New 9-3 Turbo Edition
May 1, 2009
Saab has introduced a Special Edition model to its 9-3 range that allows you to lower your CO2 emissions and improve your driving experience, without compromising your bank balance. ... Continue reading
GM President and CEO Fritz Henderson Updates Media on Revised GM Viability Plan - COMPLETE VIDEO
Apr 27, 2009
DETROIT - April 26, 2009: General Motors President and CEO Fritz Henderson will host a press conference on Monday, April 27, to update the media on GM's revised viability plan. The press conference will run from 9 to 10 a.m. EDT in the Renaissance Conference Center located in Tower 300, Level 2, of the Renaissance Cent ... Continue reading
GM's Updated Viability Plan Speeds, Deepens Restructuring of U.S. Operations
Apr 27, 2009
DETROIT -- General Motors today presented an updated Viability Plan that will speed the reinvention of GM's U.S. operations into a leaner, more customer-focused, and more cost-competitive automaker. The Viability Plan is included in an exchange offer whereby GM is offering certain bondholders shares of GM common stock ... Continue reading
Many Questions Left Unanswered in General Motors Apparent Plans
Apr 13, 2009
AUTO CENTRAL - April 13, 2009: In addition to the confusion over the recent GM announcement concerning their intention to âclearly focusâ on four core brands (when they then go on to enumerate five), or why they would embroil themselves in a whole new direction with Segway, there are several significant gaps ... Continue reading
BREAKING NEWS: Reason for GM Failure Discovered! - VIDEO ENHANCED
Apr 10, 2009
Recent New York Auto Show Video Pinpoints the Problem Behind GM's Malaise By Marc J. Rauch Exec. Vice President/Co-Publisher There's a lot of theories and opinions as to why General Motors, the world's biggest automaker fell into hard times. And I have to admit, that some of the diverse opinions have originated right h ... Continue reading
BREAKING NEWS: General Motors Rumored to be Preparing for Bankruptcy Filing
Apr 7, 2009
SACRAMENTO - April 7, 2009: News from sources ranging as diverse as Reuters to the Mike Omera Radio Show are reporting that General Motors is on the verge of filing for bankruptcy. While there's no official word from either GM itself or or Wall Street, it seems like Wednesday morning could be the eventful time. One pos ... Continue reading
GM Says Swedish Investors Looking at Saab
Mar 12, 2009
STOCKHOLM, March 12, 2009; Reuters reported that General Motors' Swedish unit Saab Automobile said on Thursday a group of Sweden-based investors had shown interest in the company. "I cannot disclose who they are. But I can confirm that there is a group of investors in Sweden which has shown interest," Saab spokesman Er ... Continue reading
Sources Say Several Potential Saab (Company) Buyers
Mar 4, 2009
NEW YORK/DETROIT March 3, 2009; Jui Chakravorty Das and Kevin Krolicki writing for Reuters reported that General Motors' Saab brand has received interest from several potential bidders including China's Geely Automobile (0175.HK) and Dongfeng Motor Group (0489.HK), sources with direct knowledge of the sales process sai ... Continue reading
Rally Legend Erik Carlsson Celebrates 80th Birthday
Mar 2, 2009
Erik "Mr Saab" Carlsson is 80 years young this week (March 5) and still employed by Saab, making him the Swedish manufacturer's longest-serving employee. ... Continue reading
Why The Auto Channel's Press Pass Coverage of the 2009 Geneva Motor Show is So Important?
Mar 1, 2009
This may be the last great international auto show GENEVA - February 28, 2009: One of most visible effects of the current economic depression on the automotive world is what has happened to the once fabulous new car expositions. Not only have important shows in Los Angeles, Detroit and Chicago been neutered by the abse ... Continue reading
Mar 1, 2009
IIHS Top Crash Test Results - 72 winners of 2009 Top Safety Pick awards; almost every category from minicar to large pickup has a winner ARLINGTON, VA - Seventy-two vehicles earn the Insurance Institute for Highway Safety's Top Safety Pick award for 2009. This is more than double the number of 2008 recipients and more ... Continue reading
Did You Miss the 2008 Auto Shows? We Didn't! Experience Them Here! - EXCLUSIVE VIDEO COVERAGE
Feb 28, 2009
Even if you were at the 2008 Auto Shows in Los Angeles, London, Geneva and Detroit there was so much to see and the media introduction schedules were so hectic that chances are you would have missed something. And you may have missed some of the best. But don't worry, because we have it all on TheAutoChannel.com. In ad ... Continue reading
2009 Saab 9-3 Sport Sedan, SportCombi and Convertible Keep IIHS Top Honors Secure
Feb 26, 2009
The entire 2009 Saab 9-3 family, including the 4-door Sport Sedan, 5-doorSport Combi and 2-door Convertible has again earned the Top Safety Pick Award in the midsize category from the U.S. Insurance Institute for Highway Safety. ... Continue reading
Back to Reality - Bankers Slow Down on Buying Fast Cars
Feb 25, 2009
Washington DC February 25, 2009; The AIADA newsletter reported that for the past several years January has been Christmas for many luxury car dealers. That's when investment bankers, flush, with their hefty bonuses, used to begin prowling through their local Mercedes and Maserati dealerships. Luxury brand vehicles were ... Continue reading
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