Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms

Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms
Share this Article
According to an official release by Saab Automobiles, Russian businessman Vladimir Antonov is still very much interested in pour money into the ailing automaker, but was awaiting clearance from the Swedish National Debt Office. Continue Reading...

Saab, Hawtai Deal Terminated

Saab, Hawtai Deal Terminated
Share this Article
Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis. Continue Reading...

Report: GM Signs Over Saab to Koenigsegg

Report: GM Signs Over Saab to Koenigsegg
Share this Article
General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group… Continue Reading...

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg
Share this Article
General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide… Continue Reading...

China to Buy 13,000 Jaguar and Land Rover Vehicles

China to Buy 13,000 Jaguar and Land Rover Vehicles
Share this Article
After purchasing Jaguar and Land Rover from Ford, and then dumping hundreds of millions of dollars into the two British brands, Indian carmaker Tata is just beginning to see the light – thanks to the Chinese government. According to a report in the Business Standard, the Chinese government has just signed a deal with Tata… Continue Reading...