CEO Victor Muller Refuses Saab Takeover By Chinese Automakers

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CEO Victor Muller Refuses Saab Takeover By Chinese Automakers
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According to Saab CEO, Victor Muller, a takeover offer of the Swedish brand by China’s Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. has been turned down. Although initial talks were intended to aid Saab in raising capital, Muller explains during a Reuters interview, “The token offer was unacceptable because it would… Continue Reading...

Report: GM shutting down Saab

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Report: GM shutting down Saab
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General Motors has announced it will close down Saab after discussions to sell the brand fell through. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,” said Nick Reilly, president of GM Europe. “In… Continue Reading...
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