Report: Genii-Ecclestone to Offer $1 For Saab

Report: Genii-Ecclestone to Offer $1 For Saab
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What’s Swedish automaker Saab worth? According to some reports, just $1. Recent rumors have suggested that a partnership between Genii Capital, Formula One boss Bernie Ecclestone and Swedish businessman Lars Carlstrom will offer General Motors one hundred shinny pennies or the loss-making Swedish automaker, saving GM the cost of shutting it down. GM has already… Continue Reading...

Breaking: Saab Shutting Down Says General Motors CEO

Breaking: Saab Shutting Down Says General Motors CEO
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It’s been said several times before, but GM Chairman and CEO Ed Whitacre today told reporters that the company is shutting down its Swedish Saab unit. “We’re closing down Saab,” he said. “We’re winding it down.” Recently GM hired on wind-down firm AlixPartners, but continued to say that it was evaluating proposals from several interested… Continue Reading...

Breaking: GM Hires Firm to Wind-Down Saab, While Continuing to Evaluate Proposals

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Breaking: GM Hires Firm to Wind-Down Saab, While Continuing to Evaluate Proposals
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The future of Saab just became a little more certain today. Or did it? General Motors has released in a statement that it has hired on AlixPartners to oversea the wind-down of its loss-making Saab unit. In other words, GM is planning to close the doors on the Swedish automaker, sending the company into liquidation… Continue Reading...
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