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
Saab Extends Flex-Fuel BioPower and Two-Stage Diesel Across the Range
Feb 25, 2009
"With Saab BioPower -the first vehicle to run on E85 in Australia, combined with a powerful and economical diesel - Saab really does deliver on our promise of performance with responsibility" said Director of GM Premium Brands, Parveen Batish. ... Continue reading
President Obama Backs Retooled U.S. Auto Industry
Feb 25, 2009
Obama backs retooled auto industry but won't protect manufacturers from own bad practices WASHINGTON DC February 24, 2009; The AP reported that President Barack Obama says his administration is committed to a retooled auto industry, but it won't protect auto makers from their own bad practices. Obama says the nation th ... Continue reading
Swedes support their government in rejecting GM's plea for government funding of Saab drama
Feb 23, 2009
By Henny Hemmes Senior European Editor STOCKHOLM, After the Swedish government rejected to meet General Motorsâ plea for government funding for Saab, emotions ran high today during a televised debate between Swedenâs Industry Minister Maud Olofsson and Jan à ke Jonsson, CEO of Saab Automobile. Olofsson said ... Continue reading
Swedish Ministers Visit Saab HQ
Feb 23, 2009
Today the Swedish Minister of Industry, Maud Olofsson and Sven Otto Littorin the Minister of Employment travelled to Saab's headquarters in Trollhättan to discuss plans for a 'New Independent Saab'. A variety of topics were on the agenda including Saab's reorganization plans, short term funding plus strategies for att ... Continue reading
Feb 23, 2009
The Saab 9-3X, making its public debut, is the focal point of the stand. A rugged all-rounder with a SportCombi body, advanced all-wheel-drive and a choice of gasoline, diesel or BioPower flex-fuel engines, it is designed to be equally at home on rough or smooth surfaces. In common with 9-3 diesel models now offering r ... Continue reading
Lower CO2 Emissions for Saab 9-3 Diesels
Feb 23, 2009
Saab's most popular 9-3 diesel models now offer reduced CO2 emissions and improved fuel consumption. Linear and Vector specification Sport Sedans, powered by the 150 hp/110 kW, single turbo or the 180 hp/132 kW, two-stage turbo 1.9-liter engine, now produce just 139 gm/km CO2 and impressive fuel consumption of 5.3 l/10 ... Continue reading
Saab CEO Says Suitors In Waiting
Feb 23, 2009
STOCKHOLM, Feb 22, 2009; Niklas Pollard writing for Reuters reported that auto industry peers are among the investors who have shown interest in Nordic carmaker Saab, the top executive of General Motors' (GM.N) loss-making unit said in an interview with a Swedish newspaper on Sunday. "They have been of different kinds, ... Continue reading
GM Moves Quickly to Shed Saab in Financial Crisis - VIDEO ENHANCED
Feb 21, 2009
GM moves quickly to shed Sweden's Saab as it steps up desperate measures to conserve cash DETROIT February 20, 2009; Tom Krisher writing for the AP reported that just three days after telling the U.S. government that it might dump its Swedish-based Saab brand, General Motors Corp. placed the struggling unit into reorga ... Continue reading
Saab Says Today is the Beginning of a New Chapter in Saab's History - VIDEO ENHANCED
Feb 20, 2009
Saab Automobile on the Way Towards Independence After 20 years of foreign ownership, the future of Saab Automobile is once again in Swedish hands. On Friday, the Vänersborg District Court approved the request for a reorganization and restructuring which Saabâs representative submitted earlier in the morning. â ... Continue reading
GM Supplier Statement on Saab Reorganization
Feb 20, 2009
ZURICH, February 20 -- Saab Automobile AB announced today that it has filed for reorganization in Sweden. In response to the concerns received from Saab's supplier base, General Motors Europe will promptly establish a viable mechanism for the timely payment of suppliers' claims towards Saab. "GM is fully committed to m ... Continue reading
GM's Saab Unit Files for Bankruptcy
Feb 20, 2009
TROLLHATTAN, Sweden - February 20, 2009; The AIADA newsletter reported that General Motors Corp.'s Swedish-based subsidiary Saab filed for bankruptcy protection Friday so the unit can be spun off or sold by its struggling U.S. parent, officials said. The move comes after Sweden turned down GM's request for government h ... Continue reading
Saab On The Road to Independence
Feb 20, 2009
As a result of GM's strategic review of the global Saab business the Saab Board announced today that it will file for reorganization under a self-managed Swedish court process to create a fully independent business entity that would be sustainable and suitable for investment. ... Continue reading
Feb 19, 2009
DETROIT - February 19, 2009: GM and Chrysler have offered up their plans for viability to the U.S. Treasury ... now what? Join John McElroy and three of the foremost automotive journalists/analysts in America as they discuss what the future holds for these troubled automakers and whether GM and Chrysler can even surviv ... Continue reading
Saab 9-3X - The Smart All-rounder for Outdoor Enthusiasts
Feb 11, 2009
At the Geneva motor show in March, Saab will introduce the 9-3X -- a new addition to the 9-3 range, becoming available in the 2010 as of Model Year. Designed for people with active lifestyles who don’t want a large Crossover or SUV, the sporty 9-3X is scheduled to make its American debut at the New York auto show ... Continue reading
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