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- Koenigsegg secures Saab funds
- Koenigsegg Automotive, the high-performance sportscar maker, is poised to announce additional funding behind its purchase of Saab Automobile after weeks of uncertainty over the deal.The tiny Swedish manufacturer, which makes ?1m ($1.4m) "supercars" with a maximum speed of up to 245mph, has been scrambling to secure fresh investment to...
- External links 2009-09-07
- Tiny Scandinavian Supercar Company Buys Saab
- Saab is going back to Scandinavian owners, and will probably be all the better for it. The Swedish newspaper Svenska Dagbladet reported today that Koenigsegg, a tiny niche maker of ultra-fast sports cars, has signed a letter of intent to buy the venerable brand from General Motors. ...
- Blog posts 2009-06-12
- GM And Koenigsegg Sign Off On Saab Sale: Report
- GENERAL MOTORS has officially announced that it will sell 100 percent of Saab shares to a consortium lead by Swedish supercar manufacturer Koenigsegg. The deal still hinges on a hefty loan from the European Investment Bank which must be guaranteed by the Swedish Government, but should the loan be approved...
- News items 2009-08-19
Additional Resources
- GM, Koenigsegg sign deal on Saab sale :
- General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement. "This contract is an important step...
- News items 2009-08-18
- Saab says Goodbye to General Motors as it's sold to Koenigsegg
- Well, it's official. Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab's future. Saab Automobile...
- News items 2009-08-18
- GM completes Saab deal with Koenigsegg
- General Motors has finalised an agreement to sell its troubled Saab unit to Koenigsegg Automotive, the Swedish producer of high-performance supercars.The deal, which cements a provisional accord struck in June, will mark another step forward in efforts to restructure GM as the loss-making US carmaker narrows its range of...
- External links 2009-08-17
- Food Chain Reversed: Sweden's Koenigsegg to Buy Saab
- Funding from the European Investment Bank, a loan guarantee from the Swedish government, plus continued support from GM all went into a proposed deal to sell Saab to Koenigsegg. by Jim Henry
- Blog posts 2009-06-16
- GM to sell Saab to tiny Swedish carmaker
- STOCKHOLM - General Motors signed a deal on Tuesday to sell its Saab car business to a tiny Swedish luxury carmaker, the first in a series of big sales the U.S. group is planning as it slims down. The agreement comes after weeks of uncertainty about the degree of support...
- News items 2009-08-18
- Breaking News: Saab secures $A648 EIB loan
- Swedish carmaker Saab has been granted a loan of 400 million euros ($A648.58 million) by the European Investment Bank, the EU's long-term lending bank said. Swedish carmaker Saab has been granted a loan of 400 million euros ($A648.58 million) by the European Investment Bank, the EU's long-term lending bank said....
- News items 2009-10-21
- General Motors reportedly close to selling Hummer for $150 million:
- General Motors Co., working to cut its U.S. brand count in half as part of its restructuring, is trying to complete a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. for about $150 million, Bloomberg News reported Thursday. The companies hope to make a deal today...
- News items 2009-10-09
- Ford concerned by intellectual property issues in sale of Volvo
- Ford Motor Co. is struggling with concerns about its intellectual property, as it assesses offers for its Volvo Car Group, say people familiar with the negotiations. Such worries also emerged during General Motors Co.'s talks earlier this year to sell control of its Adam Opel subsidiary, and they are an...
- News items 2009-10-05
- General Motors Outlines 90 Days of Progress Accelerates its Focus on Customers,
- DETROIT - General Motors outlined progress it has made toward achieving commitments in its business plan, including implementing a leaner structure, building stronger brands, and driving a company culture that puts the customer at the center of everything it does. Since launching the new company on July 10, GM has...
- News items 2009-10-08
- DTN News: China Buys All-American Hummer For $150 million
- DTN News: China Buys All-American Hummer For $150 million *Source: DTN News / Int'l Media NSI News Source Info WASHINGTON, DC - October 11, 2009: Nothing was more American than the Hummer. It was Schwarzenegger, cigars and swagger, laughing in the face of scornful environmentalists. Only...
- News items 2009-10-10
- BAIC Says Man Accused of Trade Theft on Leave in U.S.
- SHANGHAI (Reuters) - A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp BAIC, China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday.BAIC issued a statement saying the employee, named...
- News items 2009-10-19
- BAIC Says Man Accused of Trade Theft on Leave in U.S.
- SHANGHAI (Reuters) - A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp BAIC, China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday. BAIC issued a statement saying the employee,...
- News items 2009-10-19
- Opel Labor Leader Threatens Action Over GM Delay
- BERLIN/FRANKFURT (Reuters) - Opel labor leader Klaus Franz called on General Motors GM to pick a buyer for its European unit this week, and threatened "spectacular measures" if the U.S. group did not make a decision. On Friday GM failed to reach a decision either in favor of the Canadian...
- News items 2009-08-24
- Best and Worst of Re-Badging: GM Sinks, VW and Chrysler Soar
- Back in 2008, Chrysler and Nissan announced plans to help each other out by swapping some vehicle designs. Now those plans are canceled, mostly because Fiat now owns Chrysler and doesn't need Nissan to provide fuel-efficient small autos. It's too bad, really, because Nissan's contribution to Chrysler might have been branded...
- News items 2009-08-28
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