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Koenigsegg Automo tive AB reached an agreement to buy GM's Saab Automobile AB unit and return the lux ury automaker to Swed ish control after almost two decades, sources said. Koenigsegg still needs to secure about 300 million in funding to complete the transac tion, it said. (New York Post -- Business)
GM signs binding agreement on Saab sale Aug 18, 2009
General Motors said on Tuesday it has signed a binding agreement with Swedish sports carmaker Koenigsegg over the sale of Saab Automobile. "General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100 percent of the shares of Saab Automobile AB," the company said in a statement ... The US auto giant signed a tentative agreement to sell Saab to Koenigsegg on June 16. (Sydney Morning Herald -- Opinion)
Encouraging talent: Aug 18, 2009
The odd clever people every organisation needs. The odd clever people every organisation needs. (Sydney Morning Herald -- Business)
Matching wine with food Aug 18, 2009
August 18, 2009 - 11:15AM. Food and wine matching. (Sydney Morning Herald -- Business)
Relationships: Aug 17, 2009
Anthony Lapaglia talks about women. What I know about women. (Sydney Morning Herald -- Business)
Murdoch's superyacht for hire Aug 17, 2009
Rupert Murdoch's yacht is for hire. Rupert Murdoch (inset) and Rosehearty. (Sydney Morning Herald -- Business)
No recession for CEO pay Aug 15, 2009
Top US CEO collected $US702 million in 2008: survey. Top US CEO collected $US702 million in 2008: survey. (Sydney Morning Herald -- Business)
WATCHWORDS: Annual National Night Out was a success Aug 14, 2009
The karate demonstration team, featuring students and staff from Saab s East Coast Martial Arts Studio performed some of their skills for the audience as well. Boston s number one station for the oldies, WODS 103. (Amesbury News, MA)
GM Board Turns Up the Heat Aug 14, 2009
GM is either selling or ditching Hummer, Pontiac, Saab, and Saturn. Pontiac will be phased out, and GM is in the process of selling the other three. (BusinessWeek)
Pay rises skipping female workers Aug 14, 2009
Peter Martin Economics Correspondent. WOMEN are the hidden victims of the downturn, with female earnings falling to their lowest point relative to men's in two decades, even as they outshine men in getting jobs. (Sydney Morning Herald -- Australia)
Supermodel getaways Aug 13, 2009
Supermodels on holiday. Miranda Kerr has holidayed at Grand Hotel Residencia in Gran Canaria. (Sydney Morning Herald -- Business)
Health factors: Aug 13, 2009
" Being an optimist is also good for your health and can cut the chances of heart attack, according to a study by the University of Pittsburgh. Researchers found that people who looked for the positives in life tended to be in better health than pessimists. The Daily Telegraph, UK Join the conversation 2 people are reading this now. . . Today in Executive Style Culture Topics (126) (72) (54) (28) (26) (21) (21) (20) (16) (15) (14) (10) (9) (7) (7) (7) (7) (7) (7) (7) (6) (6) (6) (6) (5) (5) (5)... (Sydney Morning Herald -- Business)
Man of style: Aug 12, 2009
Roger Federer's fashion style. Roger Federer with his wife Mirka Vavrinec. (Sydney Morning Herald -- Business)
Sporting star: Aug 11, 2009
Craig Foster on his sporting start, World Cup failure and life behind the mike. Photo: Danielle Smith. (Sydney Morning Herald -- Business)
Secret weapon: Aug 11, 2009
Beetroot boosts sports stamina. Beetroot boosts sports stamina. (Sydney Morning Herald -- Business)
International wine: Aug 11, 2009
Expanding wine horizons. Expanding wine horizons. (Sydney Morning Herald -- Business)
Australia's favourite wines to keep Aug 11, 2009
Keeping a watchful eye over his member's prized bottles, Wine Ark chief executive Dean Taylor. August 11, 2009 - 3:56PM. (Sydney Morning Herald -- Business)
CHAT TRANSCRIPT: What's a small, sporty Focus replacement? Aug 8, 2009
I mean, look at all GM will save without that heavy promotion of Saab and Saturn. Miami, FL: Hi James: Good morning. (USA Today -- Money)
Ford Will Probably Sell Volvo Unit Before the End of the Year, Sweden Says Aug 8, 2009
Ford isnt in the same rush to dispose of the unit as is with its proposed sale of Saab Automobile, Haegglund said ... Ford has a slower pace than GM and Saab and we expect a sale will be completed in the latter part of the year ... Swedens government has said repeatedly since Volvo and Trollhaettan-based Saab have been on the market that it wont buy its domestic carmakers. (Bloomberg)
Continental, Magna Said to Be Discussing $215 Million Turbocharger Venture Aug 7, 2009 GM board orders faster new vehicle rollout Aug 6, 2009 Move faster, board tells GM Aug 6, 2009 Leaner GM rises from ashes Aug 6, 2009 Opel Said to Top GM Directors' Agenda as Whitacre Convenes First Meeting Aug 4, 2009 Auto Sales: 'Clunkers' to the Rescue Aug 4, 2009 Body of missing S.F. man found in Oregon canyon Aug 2, 2009 GM brand spin-off could boost new-car sales Aug 1, 2009 Get ready for a National Night Out on the town Jul 31, 2009 Are expensive wines worth it? Jul 30, 2009 NZ wine glut puts pressure on prices Jul 30, 2009 Pulling the Plug Jul 30, 2009 Lebanon is Middle East's daring fashion capital Jul 29, 2009 AP Source: GM will quit sponsoring the Buick Open Jul 29, 2009 First, Tiger, and now Buick Open GM is out Jul 29, 2009 snob appeal: Class in a glass Jul 28, 2009 Not Just For The Ladies Jul 28, 2009 Saab 9-5: Chromed up Jul 25, 2009 LeValley buys Pastrick Chevrolet (13) Jul 25, 2009 Ericsson profits drop 56 pct in 2nd quarter Jul 24, 2009 GM global sales fall 22% in first half of 2009 Jul 23, 2009 Obama auto task force warns against dealer plan Jul 22, 2009 White House: Hands off Detroit's dealer plans Jul 22, 2009 Germany blames US after Opel talks collapse Jul 20, 2009 Damsel in distress Jul 20, 2009 Mercedes, Lexus top dealership rankings Jul 16, 2009 GM CEO says July sales appear weaker than year ago Jul 16, 2009 Local dealers excited as GM emerges from bankruptcy Jul 11, 2009 * GM exits bankruptcy, set to relaunch new GM face Jul 11, 2009 New GM Will Build on Intensity of Its `Battlefield Triage,' Henderson Says Jul 11, 2009 GM exits bankruptcy Jul 11, 2009 GM ready to start over Jul 11, 2009 GM sale cleared, path opens to exit Chapter 11 in record time Jul 10, 2009 GM gears for new era Jul 10, 2009 The new GM: Fewer suits, greener logo? Jul 9, 2009 Paris Couture Shows End After Sad Adieu To Lacroix Jul 9, 2009 GM plan sends dealer disputes to states Jul 8, 2009 GM plans to exit bankruptcy this week Jul 7, 2009 Judge Approves GM Asset Sale Jul 7, 2009 General Motors' Brands on the Chopping Block Jul 7, 2009 Automobile dealers elect new leaders Jul 5, 2009 Armstrong Along For The Ride With Versus Tour De France Coverage Jul 4, 2009 Drive On community Jul 3, 2009 Charlemagne : Those exceptional Swedes Jul 3, 2009 Auto sales drop slows Jul 2, 2009 | Sales falls show positive signs Jul 2, 2009 Some optimism for U.S. auto market with June sales Jul 2, 2009 All in the details Jul 1, 2009 Court lets GM sell US assets by next month Jun 30, 2009 Ode to the Cup Holder Jun 29, 2009 Holden in red but jobs are safe Jun 27, 2009 GM to Finish White-Collar Job Cuts by October Jun 24, 2009 MotorHead:Mazda3 is big league Jun 23, 2009 Delta subsidiary to cut 100 pilot jobs Jun 23, 2009 J.D. Power: US Automakers Increase Quality but Still Trail F Jun 23, 2009 Study: Detroit Gains Some Ground in Auto Quality Jun 23, 2009 Help available for auto warranty problems Jun 21, 2009 New car vision: GM's Saturn sale lauded in Miss. Jun 19, 2009 GM's Saab Auto secures debt writedown Jun 18, 2009 New Investors Face Tough Road Ahead to Right Saab Jun 17, 2009 * General Motors to sell Saab unit to Koenigsegg Group Jun 17, 2009 GM hopeful of Saab sale Jun 17, 2009 The Fed's Police Power Jun 17, 2009 GM CEO sees potential for sales turnaround Jun 17, 2009 BUSINESS BRIEFS Jun 17, 2009
The division, which has its headquarters in Oberwaltersdorf, Austria, builds specialty vehicles for carmakers including , Daimler AG and General Motors Co.s Saab Automobile brand, in addition to making components. Magna is one of the two remaining bidders of GMs Opel division in Europe. (Bloomberg -- Germany)
WATCHWORDS: Protect your cash from scammers Aug 7, 2009
In closing, I d like to thank Mrs. Murray Bailey and the staff at Twin Lanterns Dairy Bar and Jeff Saab and his team at East Coast Martial Arts for helping to fight cancer. The Relay For Life of Amesbury is approaching so watch for more fundraisers being conducted by Relay teams. (Amesbury News, MA)
Whitacre said he is confident the company can maintain those numbers and even grow, despite selling or scrapping Pontiac, Saturn, Hummer and Saab. Time will tell"We think it's possible. Time will tell," he said, adding that it's important to grow market share to grow sales. (MSNBC -- Business)
Whitacre said he is confident the company can maintain those numbers and even grow, despite having sold or scrapped Pontiac, Saturn, Hummer, and Saab. GM will stick with the Chevrolet Volt rechargeable electric car, despite reservations about its prospects of making money expressed by members of the Obama administration s auto task force, Whitacre said. (Boston Globe)
The new GM will have slashed its debt and health care obligations by $48bn, dropped almost 40 percent of the dealers from an unprofitable network and moved to sell laggard brands such as Saab, Saturn and Hummer. Analysts said that gave GM a chance to deliver more fuel-efficient cars and to focus its resources on fewer brands, models and dealerships. (Business Report, South Africa)
GM dropped the Pontiac line and is selling Trollhaettan, Sweden-based Saab, a transaction that when completed will reduce the automakers to four from eight. Unloading assets and adding new leadership at the board and management levels were part of GMs bankruptcy strategy. (Bloomberg)
Buyers continue to flee the brands that GM is either selling or killing off: Sales at Saturn, Saab, and Hummer dealers all fell by at least 57. The clunkers program helped GM sell more of its , HHR retro-styled wagon, and its full-sized pickups. (BusinessWeek)
Stuck, the couple ran the heater in their Saab until they ran out of gas. Then they burned the tires to stay warm and attract attention. (FOX 11, AZ)
New corporate owners could boost Hummer, Saturn and Saab sales, and help ease car-shoppers concerns about future of the still-struggling brands ... Car sales still are suffering, but the increased certitude plus strong brand loyalty and the cash-for-clunkers promotion will buoy Saturn, Hummer and Saab, say auto industry sources ... in Sacramento sometimes sells only one new Saab a month. (Sacramento Business Journal, CA)
Last Saturday, the staff and students of Saab s East Coast Martial Arts Studio helped raise money for the Relay For Life of Amesbury by washing cars. On Aug. 4, the newly formed Demonstration Team will show off their martial arts skills for the crowd. (Amesbury News, MA)
Are expensive wines worth it. Are expensive wines better. (Sydney Morning Herald -- Entertainment)
An oversupply of New Zealand white wine is threatening Australian exports. THE Australian wine industry, already in the doldrums, is facing a new threat from across the Tasman a growing glut of New Zealand sauvignon blanc. (Sydney Morning Herald -- Australia)
The company is selling or phasing out its Pontiac, Saturn, Saab and Hummer brands and will concentrate on selling Chevrolet, Cadillac, Buick and GMC.. To view the entire article, please go to our e-edition. (Jefferson City News Tribune, MO)
This nation better known for military conflicts than the arts has produced an impressive crop of designers, such as Reem Acra and Elie Saab, whose work is showcased at celebrity events such as the Oscars and the Golden Globes ... Perhaps best known among the long list of couturiers is Saab, a Lebanese icon ... He catapulted to fashion superstardom in 2002 when Halle Berry accepted an Academy Award sheathed in a dazzling Saab burgundy gown a first for a Lebanese designer. (Atlanta Journal-Constitution -- Living)
The company is selling or phasing out its , Saturn, Saab and Hummer brands and will concentrate on selling , , Buick and GMC.. The century-old automaker has been cutting spending on everything from professional baseball to NASCAR the past year. (USA Today -- Money)
The company is selling or phasing out its Pontiac, Saturn, Saab and Hummer brands and will concentrate on selling Chevrolet, Cadillac, Buick and GMC.. The century-old automaker has been cutting back on everything from professional baseball to NASCAR in the past year. (MSNBC -- Sports)
Wine is loaded with snob appeal, but don't let that scare you off. Here are 10 easy steps to getting more enjoyment out of wine. (Sydney Morning Herald -- Business)
Winemakers have noted that Australian wine drinkers talk dry but drink sweet. For years, winemakers have noted that Australian wine drinkers talk dry but drink sweet. (Sydney Morning Herald -- Sport)
Saab 9-5 Related Articles ... Article By: Cars in Action Fri, 24 Jul 2009 14:53 We've always had a soft spot for Saab from our rally and race exploits in that mad old 9-3 to Economy Run success when this car appeared more than six years ago to the quirky, different and unique nature of the cars from Trollhattan ... So we're quite relieved to report the arrival at last of the all-new Saab 9-5 to replace its now 12-year-old predecessor. (iAfrica.com)
The deal will make all of General Motors' brands available under one roof, as the automaker plans to sell or discontinue its Hummer, Pontiac, Saab and Saturn brands. GM officials approached Pastrick and LeValley last fall to ask them to explore the idea of consolidating the two dealerships, though they were not under any pressure to do so, Pastrick said. (The Herald-Palladium)
Sweden's Saab posts 2Q drop in profits. Second-quarter profits at Swedish aerospace and defense group Saab AB dropped 14 percent due to weaker demand, project delays and order cancellations, the company said Friday ... Despite the tougher market conditions, Stockholm-headquartered Saab said it expects sales for the full year 2009 to be higher than in 2008, although operating margins should fall. (Fresno Bee -- Business)
GM lost its spot as the world's largest automaker to last year and is expected to shrink more when it sheds the Hummer, Saab, Saturn and brands ... A GM executive said in a conference call with analysts and reporters that efforts to sell Hummer and Saab were on track. (USA Today -- Money)
GM is reducing its 6,000-dealer network by more than 2,000 by not renewing franchise agreements next year and winding down stores with outgoing brands such as , Saturn, Saab and Hummer. Chrysler cut 789 of its dealers as part of its restructuring plan, reducing its dealer count to about 2,400. (USA Today -- Money)
GM is reducing its 6,000-dealer network by more than 2,000 by not renewing franchise agreements next year and winding down stores with outgoing brands such as Pontiac, Saturn, Saab and Hummer. Chrysler cut 789 of its dealers as part of its restructuring plan, reducing its dealer count to about 2,400. (MSNBC -- Politics)
GM employs 55,000 people Europe-wide, including around 7,000 in Spain, 4,700 in Britain at Vauxhall, 4,000 in Sweden at Saab, 3,600 in Poland, 2,600 in Belgium and 1,800 in Italy. Of the two bidders left standing, Magna's offer is still seen as the front runner, with unions and centre-left Social Democrat members of the governing coalition backing it. (Business Report, South Africa)
A film insider told the newspaper that Yarde was overjoyed by the gesture and used the money to buy a top-of-the-range 2007 Saab. "Denise's job involves dressing like an extra and getting right in the middle of the action to pick up the dialogue, so without her there was no filming for a few hours. "By the time she got to work everyone knew what had happened and she came in for a bit of mickey-taking for driving an old banger. (The Age, Australia)
Three of the four brands GM is dropping were below average including Pontiac, Saab and Hummer ... The lowest-ranked dealerships by brand were Mitsubishi Motors Corp, Pontiac, Saab, Jeep and Chrysler. (MSNBC -- Business)
GM is in the process of selling or discontinuing Pontiac, Hummer, Saab and Saturn. Copyright 2009 The Associated Press. (Ionia Sentinel-Standard, MI)
Gone from the company's lineup are the Pontiac brand, which will be discontinued, and the Saab, Saturn and Hummer brands, which GM is trying to sell to other car makers. The fact that GM will produce only four different brands is likely a promising development for Chevrolet dealers, Vianese said. (Republican-American)
The new GM will have slashed its debt and healthcare obligations by US$48 billion, dropped almost 40 percent of the dealers from an unprofitable network and moved to cut loose laggard brands such as Saab, Saturn and Hummer. It will also take advantage of a new labor contract with the UAW that the company says will put its hourly operating costs on par with Japanese competitors led by Toyota Motor Corp. This story has been viewed 215 times. (Taipei Times, Taiwan -- Business)
The dealer ranks will shrink about 42 percent to 3,600 as the new company operates only its , Cadillac, Buick and GMC in the U.S. GM is dropping Pontiac, selling Hummer and Saturn and working to unload Swedens Saab. Old GM. (Bloomberg -- US)
The new GM will have slashed its debt and healthcare obligations by $48 billion, dropped almost 40 percent of the dealers from an unprofitable network and moved to sell laggard brands such as Saab, Saturn and Hummer. Analysts said that gives GM a chance to deliver on its commitment to launch more fuel-efficient cars and to focus its resources on fewer brands, models and dealerships. (India Times)
It will close 13 plants and is pulling out of its joint venture with Toyota Motor Corp. GM has struck deals to sell three of its brands Hummer, Saturn and Saab and has pulled the plug on Pontiac. And the company is severing ties with 2,400 of its 6,000 dealers. (Honolulu Advertiser)
After clearing bankruptcy court, the new GM will focus only on four core brands, , , and GMC. The company is in the process of selling Saturn, Saab, Hummer and its Adam unit in Europe, and it will discontinue by the end of the year. GM would not have been able to clear bankruptcy court at such a high speed without help from its crosstown rival , which exited bankruptcy on June 10 after 42 days. (USA Today -- Autos)
Feb. 17: GM says it will need a total of $30 billion, and its Saab unit files for bankruptcy in Sweden. In its restructuring plan presented to the U.S. government, GM says it will only keep Saturn running through 2011, but it's open to the possibility of spinning off the money-losing brand to retailers or investors. (Erie Times-News, PA)
GM is also trying to go leaner by selling off its European Adam Opel GmbH unit, as well as Sweden's Saab, and the Hummer and Saturn brands. Pontiac is to be discontinued by the end of the year, leaving GM with only four brands Chevrolet, Buick, Cadillac and GMC.. (MSNBC -- Race)
That was certainly the overriding sentiment at Elie Saab on Wednesday ... Saab could have used a shot of Gaultier-style weirdness to jazz up his brides _ all 46 of them ... Saab's collection was heavier on the frou-frou _ bubbling over with wispy ostrich feathers, fluttering silk flowers and baubles _ than Chanel, where the lines were pure and graphic. (CBS News -- World)
The new company will continue to operate under the General Motors name, and will focus more on fuel-efficient cars while shedding some of its brands like Pontiac, Hummer and Saab. Government officials said they hope to take the newly organized company public by next year while the old GM will wind down business. (Jacksonville Business Journal, FL)
National flags of the United States flutter in front of the logo of Saab at a car dealership in New York, the United States, April 7, 2009. Saab Automobile, the troubled Swedish unit of Genral Motors Corp, has been contacted by 20 potential buyers, with a sale planned in June, the carmaker's lawyer said on Monday ... CHICAGO, June 16 (Xinhua) -- U.S. automaker General Motors Corp.(GM) agreed Tuesday to sell Saab automobile, its struggling Swedish unit known for its family cars, to a consortium... (Xinhuanet, China)
Other assets to be filed under the old GM include brands like Hummer, Saturn and Saab, for which GM has lined up buyers. They also include all current GM common stock, which -- despite its active trading on over-the-counter markets -- will soon be worthless. (Fox News)
Pontiac, Hummer, Saab and Saturn ... GM is selling Hummer, Saab and its Saturn dealer network ... GM has a memorandum of understanding to sell Saab to Koenigsegg Automotive AB, a Swedish custom sports car maker. (ABC News -- Wire)
Also elected, Graham Eubank, Palmetto Ford Inc., Charleston, first vice president; Sam Burns, Burns Chevrolet Dodge Jeep, Gaffney, treasurer, and Keith Hudson, Jim Hudson Buick Pontiac GMC Saab, Columbia, regional vice president representing the Capitol District. Board members elected from the Capitol District are Sam Jones, Hampton Automotive Inc., Columbia; George Gibbes, Ford of Orangeburg, Orangeburg; J.T. Gandolfo, Dodgeland of Columbia, Columbia; Bruce Shealy, Shealy s Truck Center,... (Orangeburg Times and Democrat, SC)
"We lost Saab, but Cadillac came in and they are sponsoring a Ride of Your Life' sweepstakes. Honda is a second auto and Nike is returning for the first time since 2005," he said, noting there were also endemic advertisers with schedules in the famed race. More Content. (Multichannel News)
has long held the spot -- but it won't much longer as its Saturn, Hummer, Saab and Pontiac divisions are about to be shed. Not only did Ford creep up on the leader with , but it fended off. (USA Today -- Money)
The second is Sweden s centre-right prime minister, Fredrik Reinfeldt, who recently refused to rescue a loss-making carmaker, Saab (though when a Swedish-led consortium agreed to buy Saab from General Motors, his government was ready to offer loan guarantees). And the third is Aleksandar Zuza of a Swedish trade union, IF Metall, which represents production workers at Saab ... Speaking for his centre-left trade union, Mr Zuza grumbles that Mr Reinfeldt is too negative about Saab. (The Economist)
GM plans to sell or close Pontiac, Saturn, Hummer and Saab to focus on four core brands -- Chevrolet, Cadillac, GMC and Buick. At Chrysler, though, the company sold only 68,297 cars and trucks last month as it emerged from bankruptcy protection, and many of those were due to strong incentives of more than $4,800 per car, according to Edmunds. (Albany Times Union)
GM plans to sell or close Pontiac, Saturn, Hummer and Saab to focus on four core brands - Chevrolet, Cadillac, GMC and Buick. At Chrysler, though, the company sold only 68,297 cars and trucks last month as it emerged from bankruptcy protection, and many of those were due to strong incentives of more than $US4800 per car, according to Edmunds. (Sydney Morning Herald -- Business)
GM plans to sell or close Pontiac, Saturn, Hummer and Saab to focus on four core brands -- Chevrolet, Cadillac, GMC and Buick. Analysts had speculated that June sales, when adjusted for seasonal variances and multiplied to calculate an annual selling rate, would exceed 10 million for the first time this year. (Sioux City Journal)
The manufacturer is discontinuing its Pontiac, Hummer, Saab and Saturn brands and slimming down its Chevrolet, Cadillac, GMC and Buick brands. It s green, too, Thompson said. (Klamath Falls Herald & News, OR)
GM's Saab unit is reorganising in Sweden. On Saturday the German government picked Magna International as the preferred bidder to buy Opel. (Business Report, South Africa)
On the 1998 Saab, the cup holder is located inside a console between the seats, sort of behind the driver, and doesn't allow a beverage to be easily accessed. I usually revert to the old-school technique of placing my (cold) drink between my legs. (Slate)
GM is attempting to restructure its worldwide operations, including jettisoning underperforming brands such as Pontiac, Saab and Hummer. Holden announced last month it had escaped the axe. (Sydney Morning Herald -- Business)
GM has said it plans to cut 20 percent of its remaining white-collar jobs as it sheds its Hummer, Saab and Saturn brands and slashes manufacturing capacity. The automaker also plans to cut 35 percent of its more senior executive ranks. (ABC News -- Wire)
Verdict: As Saab and Volvo fall into disarray, Audi moves up market and Acuras get too ugly to be seen in, the Mazda3 is a viable new contender in the entry luxury segment ... But with new models like the Mazda3, the company is clawing its way upward into the territory occupied by brands such as Saab, Volvo, Acura and, until its own recent promotion into the big leagues, Audi. (MSNBC -- Business)
The job cuts come along with the removal of 10 Saab 340 aircraft from Mesaba s fleet of 109 planes, as Atlanta-based Delta cuts 10 percent of its flight capacity this year. Mesaba will first offer pilots voluntary furloughs that start in August and continue into the fall. (Atlanta Journal-Constitution)
The four brands GM is purging under Chapter 11 bankruptcy protection Pontiac, Saturn, Hummer and Saab were the company's worst rated. The Chevrolet TrailBlazer and GMC Yukon SUVs were rated best in their segments. (Fox News)
The four brands it is purging in bankruptcy protection Pontiac, Saturn, Hummer and Saab were also its worst rated. "Is it where we need to be? No," said Jamie Hresko, GM's vice president for global quality. (ABC News -- Wire)
Casper Star-Tribune Online - Business. Text Size Share This Story. (Casper Star-Tribune, WY)
The automaker also has struck deals to sell its Saab and Hummer divisions and will discontinue the Pontiac brand. "It makes us more flexible. We can move quicker. We can bring cars to the market that people want at the time," Moore said. (The Clarion-Ledger)
GM's Saab Auto secures debt writedown - Yahoo ... GM's Saab Auto secures debt writedown ... Reuters New Saab automobiles are parked in a storage lot outside the main Saab factory in Trollhattan June 10. (Yahoo News -- Top Stories)
GM inks deal to sell Swedish Saab unit to investors, analysts say rough road lies ahead ... For the new owners of Saab Automobile to make money selling small numbers of cars across the globe, they have to return to the Swedish automaker's roots, industry analysts say ... FILE - In this Feb. 23, 2009 file photo, a Saab logo is displayed on a car in Frankfurt, Germany. (ABC News -- Wire)
General Motors to sell Saab unit to Koenigsegg Group ... Closing this deal represents the best chance for Saab to emerge a stronger company ... US automaker General Motors (GM) has signed a tentative agreement to sell its beleaguered unit, Saab Automobile, to Swedish luxury sports car maker Koenigsegg, GM said in a statement yesterday. (Taipei Times, Taiwan -- Sports)
General Motors has reached a tentative agreement to sell Saab to the Swedish sports car manufacturer Koenigsegg. It is the latest part of GM's reorganisation, which is also set to see the Opel and Vauxhall brands going to Canada's Magna. (BBC News -- Business)
Saab, the venerable Swedish car brand that looked set for the General Motors scrap heap, just got a thanks to a speciality and high-rev compatriot called Koenigsegg the WSJ reports ... Saab, meanwhile, last year made 89,000 cars and employs 3,400 people ... Saab's good fortune contrasts sharply with the fates of many U.S. auto part makers, now that the Obama administration has in additional federal loan guarantees, CNN Money reports. (Slate)
Henderson's remarks came on the same day its Saab Automobile unit was acquired by a consortium led by Koenigsegg Automotive AB, a Swedish custom car maker. "Based on the preliminary plan, we expect the buyer to ask GM to build the 9-4x," Henderson told reporters during an online chat Tuesday. (MSNBC -- Business)
GM's Saab was res cued by a consortium led by Koenigsegg Automo tive AB, a tiny company that produces only a dozen custom-made cars a year. Goldman. (New York Post -- Business)
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