The Saab saga staggers on, with the outcome looking as grimly inevitable as it ever has. Saab’s closure looks by far the most likely of the remaining outcomes, though Spyker is still pursuing the ...
Formula One supremo Bernie Ecclestone has entered the race to buy Saab as part of a private-equity investment group. Genii Capital, which owns a majority share of the Renault Formula One team and ...
Geely Automobile Holdings Ltd. said Thursday it is looking at ways to cooperate with Volvo Cars after its parent company completes the acquisition of the Ford Motor Co. unit, and added that Volvo w...
Ed Whitacre said yesterday that none of the potential bidders for Saab have come forward with the financing needed. “I think we’ve done everything humanly possible,” Whitacre said. Then he announce...
Chrysler has revised the 300C executive saloon range for 2010, offering a streamlined models range and a new entry-level diesel model at £23,995. Chrysler will be taking aim at customers who might...
General Motors Co. will extend the deadline for talks on its Saab unit until Jan. 7, giving Spyker Cars NV more time to come up with financing to buy the Swedish brand, a GM official briefed on the...
IT’S official – Volvo is heading into Chinese hands. Ford has agreed to sell the Swedish manufacturer to Chinese giant Geely. In a statement, the Blue Oval said that it still had ‘some work to do t...
Zhejiang Geely Holding Group aims to conclude the acquisition of Ford Motor's Volvo Car Corp in early 2010 and has hired consultants for restructuring and integration, sources with direct knowledge...
Saab got some much-need infusion of funds when Beijing Automotive Industry Holding Co. paid 1.4 billion crowns ($197 million) to purchase the intellectual property rights and equipment to make Saab...
The GM soap opera has rumbled on this week with CEO Fritz Henderson receiving a boot up the posterior following a string of botched sales, and a woman claiming to be Henderson’s daughter letting ri...
GM’s official line, that Frederick Henderson’s resignation as president and CEO of GM was agreed by “Fritz and the board”, appears almost as flimsy as the announcement was hasty. Timing is key, b...
The new Vauxhall Astra features a number of differing powertrains, but for fuel economy matched with performance the 1.7 CDTi 110PS diesel unit is the pick.
Saab and Swedish government officials travelled to Detroit yesterday for talks with General Motors over last-minute options to save the brand from closure. This came as Beijing Automotive Industry...
Zhejiang Geely Holding Group has agreed with Ford Motor (F.N) on intellectual property rights issues in its bid for Volvo, clearing a major barrier to acquire the Swedish luxury car brand, state me...
Beijing Automotive Industry Holding Co. said it will “move fast” on General Motors Co.’s Saab unit after its partner scrapped a bid for the Swedish automaker. “Stay tuned,” Beijing Auto President ...
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