Fulfillment Fund to Honor Judd Apatow and Leslie Mann at Annual STARS 2009 Benefit Gala Oct 21, 2009
Entertainment will include a special performance by John Mayer and the evening will feature an opportunity drawing for a 2009 Saab. The Fulfillment Fund is proud to honor Judd Apatow and Leslie Mann. (Yahoo! Wire -- Entertainment News)
A spanner in the works Oct 20, 2009
Even Beijing Automotive, an outsider in the stakes to acquire Opel, has turned its attentions to Saab, a European cast-off of GM, and will be unlikely to re-enter the fray. It remains to be seen whether the EU s competition watchdogs are placated by Germany s assurances and Magna is allowed to finalise its deal to acquire Opel this week. (The Economist)
Beijing flexes money muscle Oct 19, 2009
And in Sweden, Beijing Automotive is joining a bid to buy Saab from General Motors, while Geely Automobile wants to acquire Ford's Volvo unit. "It's better to be part of the race than to watch it from the stands," says Paul Akerlund, a union representative at Saab. (San Francisco Chronicle)
GM Should Reconsider Opel Bids Amid Questions Over Germany's Aid, EU Says Oct 19, 2009
Saab Autos Disposal. Beijing Automotive, Chinas fastest-growing automaker, is now a suitor for Saab Automobile AB, another European division that GM is selling ... Saabs sale depends in part on a 400 million-euro technology-development loan from the European Investment Bank, the EUs lending arm. (Bloomberg -- Canada)
EU, Germany Say They Aim to Avoid Government-Aid Dispute in GM's Opel Sale Oct 19, 2009
Beijing Automotive, Chinas fastest-growing automaker, is now a suitor for Saab Automobile AB, another European division that GM is selling. The company joined a group in September thats bidding for the unprofitable Trollhaettan, Sweden-based brand. (Bloomberg -- Germany)
GM Gains Ground in October Oct 17, 2009
GM has said it will shut down Saturn and Pontiac, has already sold Hummer, and has a deal to unload Saab. Those four brands combine for almost 3 percentage points of share. (BusinessWeek)
European carmakers stress power for 2010 Oct 16, 2009
The biggest news at Saab is the sale of the brand this year to a consortium headed by Koenigsegg Automotive AB. It's all part of the big selloff of automotive brands that General Motors undertook while in bankruptcy protection in 2009. Understandably, future product plans for Saab are still under review ... But the company confirms that a new Saab 9-5 sedan will debut in 2010. (The Augusta Chronicle)
Valenti looks to save Saab business with new showroom Oct 15, 2009
Valenti Motors is still seeking to save their business by moving its Saab dealership into a separate building at 694 Straits Turnpike, and came before the Planning and Zoning Commission with an application on Wednesday, October 7 ... Saab is currently in the Swiss version of Chapter 11 bankruptcy, according to Mr. Valenti ... "This is a way for us to save our business. We want to show Saab when they come out of bankruptcy that we have a showroom exclusively for them.". (Town Times, CT)
GM signs deal to sell Hummer Oct 11, 2009
The Hummer sale is part of a drastic restructuring plan by GM, which also involves the disposal of its Saab, Opel and Saturn operations as part of US government-sponsored restructuring in bankruptcy. Tengzhong, a little-known heavy machinery maker, has been in detailed negotiations with GM since it announced an initial plan in June to acquire the premium off-road Hummer brand. (India Times)
Tengzhong Adds GM's Hummer as Yang Sees `Explosive Growth' for SUV Brand Oct 11, 2009
GM is shutting Saturn and Pontiac and is close to a deal with Swedens Koenigsegg Group to acquire the Saab brand. Hummer plans to resume exports to China, Europe, the Middle East and Russia, CEO said in an interview. (Bloomberg -- Asia)
GM has Chinese buyer for Hummer Oct 11, 2009
GM s Saab Automobile Division is moving closer to a sale to a Swedish company. The Swedish government is seeking European Union approval for a structured deal. (Nashville Business Journal, TN)
GM Signs Deal to Sell Hummer to Tengzhong Oct 10, 2009
The Hummer sale is part of a drastic restructuring plan by GM, which also involves the disposal of its Saab, Opel and Saturn operations as part of U.S. government-sponsored restructuring in bankruptcy. Tengzhong, a little-known heavy machinery maker, has been in detailed negotiations with GM since it announced an initial plan in June to acquire the premium off-road Hummer brand. (ABC News -- Business)
Cadillac leaving Boston advertising agency Modernista Oct 10, 2009
In addition to Hummer, the company is selling off its Saab division and will discontinue the Pontiac and Saturn brands to focus on GMC, Chevrolet, Cadillac, and Buick. Cadillac said it has hired Ark Advisors, a management consulting firm with offices in New York and Los Angeles, to search for a new agency. (Boston Globe)
Cadillac Looking for New Advertising Agency Oct 10, 2009
GM is selling Hummer and Saab, and scrapping Pontiac and Saturn so it can concentrate on GMC, Chevrolet, Buick and Cadillac. Brady said Cadillac was the company's largest account and it's likely layoffs will take place. (ABC News -- Wire)
Tengzhong May Finalize Hummer Deal Friday: Source Oct 9, 2009
The Hummer sale is part of a drastic restructuring plan by the Detroit auto maker, which also involves the disposal of its Saab, Opel and Saturn operations as part of a government-sponsored bankruptcy recovery plan. Sichuan Tengzhong Heavy Industrial Machinery, a little known heavy machinery maker, has been in detailed negotiations with GM since it announced an initial plan in June to acquire the rights to the premium off-road Hummer brand from its U.S. owner. (ABC News -- Wire)
Source: GM nears completion of Hummer sale Oct 9, 2009
GM, which spent 40 days in bankruptcy protection during the summer and has received about $50 billion in U.S. government aid, plans to sell its Hummer and Saab brands and scrap Pontiac and Saturn as it tries to streamline its operations. The company wants to focus on four core brands: Chevrolet, Cadillac, Buick and GMC.. (MSNBC -- Business)
Report: GM nears completion of Hummer sale to Chinese firm Oct 9, 2009
GM, which spent 40 days in bankruptcy protection during the summer and has received about $50 billion in U.S. government aid, plans to sell its Hummer and Saab brands and scrap and Saturn as it tries to streamline its operations. The company wants to focus on four core brands: , , and GMC.. (USA Today -- Autos)
GM Still Struggling to Gain Traction Oct 8, 2009
But consider that GM is either selling or winding down Hummer, Saturn, Saab, and Pontiac brands that collectively account for almost 3% of the U.S. market. Retaining that share depends on how well GM's mainstream Chevrolet brand can retain Pontiac and Saturn customers, Hall says. (BusinessWeek)
Local Saturn Dealership Reacts To Brand Phase Out Oct 3, 2009
-- First it was Saab, Pontiac and Hummer, now Saturn has fallen victim to the downfall of General Motors. The auto maker said it will phase out the Saturn brand by October 2010. (KERO 23, CA)
Saturn’s demise may cost state 450 jobs Oct 2, 2009
As part of its restructuring, GM closed its Pontiac division last spring and undertook efforts to sell its Hummer, Saab, and Saturn brands. The company said it would sharpen its focus on its four core brands: Chevrolet, Cadillac, Buick, and GMC.. (Boston Globe)
Chrysler trying to refit Fiats so they sell in US Sep 26, 2009
And GM's European brands, Opel and Saab, will only serve to remind that GM is selling them. Other notable absences include Mitsubishi, Honda and Nissan's Infiniti, which are instead focusing on the upcoming Tokyo Motor Show. (Fresno Bee -- Business)
Stimulus takes detour around ailing roads Sep 25, 2009
"It's just not fair," says Hassan Saab, a highway engineer for Wayne County, Mich. which includes Detroit. (USA Today)
China's Geely raises US$334m Goldman cash as Volvo bid mulled Sep 23, 2009
com - China's Geely raises US#dollar;334m Goldman cash as Volvo bid mulled. China's Geely raises US 334m Goldman cash as Volvo bid mulled Posted: 23 September 2009 1022 hrs. (Channelnewsasia.com)
* Crowd all smiles at Frankfurt auto show Sep 21, 2009
Personally I dont feel the recession, and I dont see it in my clients either, said one visitor, a German tax consultant who gave his name as Frank as he and his wife Sabine headed for the Saab stand. The festive ambience, with a rocking and wailing Renault Formula One simulator and a rollercoaster-style four-wheel-drive test track mirrored recent signs that the mood among European consumers is perking up. (Taipei Times, Taiwan -- World Business)
Thousands in Spain protest Opel job cuts Sep 20, 2009
The deal covers all GM's European operations except Swedish unit Saab. With Magna expected to cut 10,000 jobs, there are concerns throughout Europe over where the axe would fall. (Yahoo! Asia News)
Car lovers to dream again Sep 20, 2009
"Personally I don't feel the recession, and I don't see it in my clients either," said one visitor, a German tax consultant who gave his name as Frank as he and his wife Sabine headed for the Saab stand. The festive ambience, with a rocking and wailing Renault Formula One simulator 00004000 and a rollercoaster-style four-wheel-drive test track mirrored recent signs that the mood among European consumers is perking up. (India Times)
Viamedia Announces Organizational Changes to New York Management Team Sep 19, 2009
His work history includes General Sales Manager stints at Hempstead Lincoln Mercury/Garden City Saab and Neil Action Dodge in Medford. Mike Ball has been promoted to Sales Manager of Viamedia New York City agency team. (Yahoo! Wire -- Entertainment News)
The car industry: Small isn't beautiful Sep 18, 2009
GM even found buyers for tiny Saab in Koenigsegg, a boutique Swedish sports-car firm, and China s Beijing Automotive. Volvo, which is bigger and healthier than its Swedish rival, may be sold to Geely, China s biggest privately owned carmaker. (The Economist)
Automakers offer new electric cars at Frankfurt Sep 15, 2009
And the GMs European brands, Opel and Saab, will only serve to remind that GM is selling them. Other notable absences include Mitsubishi, Honda and Nissans Infiniti, which are instead focusing on the upcoming Tokyo Motor Show. (MSNBC -- Business)
CHAT TRANSCRIPT: James Healey answers your questions Sep 12, 2009
Portland, Maine: Whats your opinion on the SAAB 9-3 ... James Healey: Saab's been sold by GM to a group lead by Swedish high-dollar sports car maker Koenigsegg Group AB, which might or might not think it's important to keep the U.S. distribution and parts network healthy ... But, Saabs generally feel sweet to drive and the 9-3 gets a 'recommended' from Consumer Reports. (USA Today -- Money)
GM says Magna, Sberbank to acquire Opel Sep 11, 2009
You are not logged in. By PATRICK McGROARTY and GEORGE FREY and TOM KRISHER. (Muscatine Journal, IO)
Layoff fear as GM picks Canada-Russia buyer for Opel Sep 11, 2009
The deal covers all of GM's European operations except Swedish unit Saab, which is being sold to Swedish sports car maker Koenigsegg and Beijing Automotive Industry Holding Co Ltd (BAIC). Magna and Sberbank will acquire a 55-percent stake in what is to be called "New Opel," with the Detroit giant retaining 35 percent. (Yahoo! Asia News)
Chinese Carmakers Target Volvo and Saab Sep 11, 2009
Confirmation that Chinese automaker in buying Ford's () Volvo unit and that Beijing Automotive Industry (BAIC) has an agreement to help finance Sweden-based high-performance sports-car maker Koeningsegg's acquisition of Saab from has once again highlighted the global ambitions of China's numerous car companies ... On the same day that Gui confirmed Geely's interest in Volvo, teamed up with a partner in a deal for another Swedish automaker, Saab ... In a statement issued Sept. 9, said it had... (BusinessWeek)
Chinese auto companies look to Swedish carmakers Sep 10, 2009
STOCKHOLM (Reuters) State-run Beijing Automotive Industry Holding will take a stake in as part of the Swedish luxury carmaker's purchase of ' Saab unit, the latest push by a Chinese auto firm to secure a global footprint. BAIC will take a minority stake in Koenigsegg Group, which in turn is bidding to own 100% of Saab Automobile, Koenigsegg said in a statement on Wednesday ... The agreement comes just hours after another Chinese carmaker, Geely Automotive, said its parent wants to bid for Saab's... (USA Today -- Money)
Parent of China's Geely Eyes Bid for Volvo Sep 9, 2009
China's largest automaker SAIC Motor group may take a passive stake in Saab Automobile by teaming with luxury sports car maker Koenigsegg, a source with knowledge of the situation told Reuters on Tuesday. So far, Sichuan Tengzhong Heavy Industrial Machinery, a little-known Chinese heavy machinery maker, is the only one that has unveiled a tentative deal to take over GM's premier off-road brand Hummer. (ABC News -- Wire)
General Releases Sep 9, 2009
Week of September 22 - The Viking Report - Week of Sept. 15, 2003 - The Viking Report - Week of September 8 - The Viking Report - Week of September 1 - Horizon League SAAC Members Volunteer at Kaleidoscope Center - McCann Named Director Of Athletic Communications - Cleveland State Places 35 Student-Athletes On Horizon League 2003 Spring Academic Honor Roll - Cleveland State Renews Contracts Of Spring Coaches - Cheerleading Meeting Wednesday Night - Head To Fat Fish Blue Before CSU's Jacobs Field... (Csuvikings.com)
China's Geely may bid for Volvo Sep 9, 2009
Nanjing Automobile bought the assets of MG Rover in 2006 and Shanghai Automotive may end up owning a stake in Saab Automobile as part of the takeover by the luxury carmaker Koenigsegg. Although Ford has not faced the same difficulties as its domestic rivals GM and Chrysler, it has still found itself having to sell some of its marques to concentrate on its core US carmaking business. (BBC News -- Europe)
Cadbury rejects $16.7B offer from Kraft Sep 9, 2009
Koenigsegg Group buying Saab from GM. STOCKHOLM Koenigsegg Group AB has secured the extra financing needed to complete the acquisition of Saab Automobiles from General Motors Corp., the Swedish government said yesterday. (Honolulu Advertiser)
For a dark topic, White turns to black humour Sep 7, 2009
Come November, the Birdcage will flutter with fewer cashed-up marquees after Saab, Andrew McManus and Longines flew the coop, so the action will centre around Emirates, Myer, Lavazza, Lexus and Tabcorp. The upside of the dwindling party spots is that socialites will have less trotting to do, but those precious Birdcage passes will be even harder to grasp. (Sydney Morning Herald -- Opinion)
Letters to the editor Sep 5, 2009
As the concept went worldwide, we would have the Saab Republic (formerly Sweden) and General Electric Antarctica. Please join me in supporting this grass-roots movement at town hall meetings wherever they occur. (Sacramento Bee -- Opinion)
Jobless Benefits to Expire for 1.3 Million Sep 4, 2009
"I used to drive a Saab turbo," he said. "Now I drive a clunker a friend gave me for free.". (CBS News)
Car could foreshadow Ford's small gas-saving turbo engines in the USA Sep 4, 2009
" Tags: 07:31 AMCommentRecommendThe new Saab 9-5 sedan being unveiled in Frankfurt this month signals a newera for the brand. At least that's what says. To us, it looks like another forgettable sedan from an automaker that used to be before it was ruined by General Motors.The styling is inspired by the Aero X concept car and the goal was to give the 9-5 a bolder, more expressive look. As for new features: Sep 02, 200911:26 AMCommentRecommend, the brand's flagship sedan, looks suspiciously... (USA Today -- Money)
Dev Anand behind scenes Aug 30, 2009
The latter remains grateful to Dev saab for offering him a small role in Swami Dada (1982) ... Music composer Rajesh Roshan who composed the music for Des Pardes, recalls how fastidious Dev Saab was ... Then Dev Saab counted the notes in one, two and three and I put the words of the song. (India Times)
GMprojects boost in auto sales in 2010 Aug 29, 2009
Dewar said Chevrolet now makes up 50 percent of GM's Global sales but is expected to rise to 60 percent or 65 percent next year as GM winds down its Pontiac, Saturn, Saab and Hummer brands. Susan Docherty, general manager for GM's Buick-GMC-Pontiac brands, said GM is targeting 3 million "free agents" who drive vehicles from discontinued GM brands or models in an effort to keep them as customers. (MSNBC -- Business)
GM exec projects U.S. auto sales to grow by 2 million vehicles in 2010 Aug 29, 2009
Dewar said Chevrolet now makes up 50% of GM's global sales but is expected to rise to 60% or 65% next year as GM winds down its , Saturn, Saab and Hummer brands. Susan Docherty, general manager for GM's Buick-GMC-Pontiac brands, said GM is targeting 3 million "free agents" who drive vehicles from discontinued GM brands or models in an effort to keep them as customers. (USA Today -- Autos)
GM Expects Auto Industry Sales to Rise to 12.1 Million Vehicles Next Year Aug 29, 2009
GM is selling its Hummer, Saturn and Saab brands and discontinuing Pontiac. The automaker plans to focus on Chevrolet, Cadillac, Buick and GMC.. (Bloomberg -- US)
Saab's fightback Aug 28, 2009
New Saab 9-5: official details of crucial luxury car - www ... New Saab 9-5: official details of crucial luxury car ... Future of Swedish car maker Saab could rest on its all-new luxury car, the next-generation 9-5. (Sydney Morning Herald -- Opinion)
It's time to phase out Russian jets Aug 28, 2009
Boeing's F/A-18 Super Hornet, France's Dassault Rafale, Lockheed Martin Corp's F-16, Russia's MiG-35, Sweden's Saab JAS-39 Gripen and the Eurofighter Typhoon, produced by a consorti 00004000 um of European companies, are in the race for the contract, one of the biggest in play. "So we are looking at a scenario, where we will be able to raise our squadron strength considerably with more power," Singha said. (India Times)
Why It Doesnt Make Sense for Ford to Keep Volvo Aug 27, 2009
As with (MTLQQ) and Saab (bankrupt, and also for sale), Fords goal was to bring unique aspects of the Volvo brand into its international corporate family. And as with GM, it didnt really work. (Slate)
Ford Seeks More Europe `Clunkers' Cash to Shun Sales Decline, Fleming Says Aug 27, 2009
The automaker has agreed to sell Saab Automobile to Koenigsegg Automotive AB, the Swedish maker of $1. 2 million sports cars, and is considering bids for Opel including an offer that would have GM retain 35 percent ownership. (Bloomberg -- Germany)
GM to remove excellence mark from vehicles Aug 26, 2009
GM is discontinuing or selling its other four brands, Hummer, Saab, Pontiac and Saturn. The final decision to remove the silver square logo was made earlier this month, although executives had mentioned the possibility of such a move months ago. (MSNBC -- Business)
GM to drop corporate logo from vehicles Aug 26, 2009
It is in the process of selling or eliminating the Saab, Saturn, Hummer and Pontiac brands. Editor: Yan. (Xinhuanet, China)
GM to remove its mark from vehicles to emphasize brand Aug 26, 2009
GM is discontinuing or selling its other four brands, Hummer, Saab, and Saturn. The final decision to remove the silver square logo was made earlier this month, although executives had mentioned the possibility of such a move months ago. (USA Today -- Money)
Kareena is sweet: Abhishek Aug 26, 2009
Thankfully JP saab came over and said, I want to work with you and he was the first person who did and I readily accepted. So how do you deal with it. (India Times, India)
General Motors to Drop the 'GM' Name From Its Vehicles Aug 26, 2009
GM has in the past year decided to sell or kill four of the eight brands, including Hummer, Pontiac, Saab and Saturn. The remaining brands are Chevrolet, Buick, Cadillac and GMC.. (Fox News)
GM Said to Be Close to Agreeing on Hummer Sale to Chinese Machinery Maker Aug 24, 2009
The company is eliminating the Pontiac brand, and deals are pending to sell its Saab brand to Swedish sports car maker Koenigsegg Automotive AB and Saturn to. Since early June, when GM announced that it reached a memorandum of understanding with Tengzhong for the potential sale of the Hummer brand, the parties have been in frequent discussions working closely to finalize a definitive agreement, GM said in an e-mailed statement attributed to Hummer CEO. (Bloomberg)
The charm of the Mini rolls on at 50 Aug 23, 2009
"Kids don't recognise a Saab from a Volvo but they always recognise a Mini," Wahlstedt said. 2009. (Sydney Morning Herald -- World)
Female auto mechanic breaks stereotypes Aug 22, 2009
Repeat customer Jeff Drury recently brought Lateiner his 1993 Saab, which was leaking oil. "I trust her. She's had the same training the guys have had, so I'm comfortable," said Drury, who lives in Gold Canyon. (AZCentral -- Business)
Valenti Auto Group to challenge denialof application for vacant building Aug 20, 2009
Fred Valenti, owner of Watertown-based Valenti Auto Group on Straits Turnpike, reported that he will challenge the recent denial by the Planning g Commission of an application to reform a vacant building at 694 Straits Turnpike into a showroom for Saab vehicles. Valenti Auto Group employs 100 people, with the Saab division comprising approximately 14 percent of the business ... Valenti has been looking to move the Saab showroom since December, after General Motors filed for bankruptcy. (Town Times, CT)
General Motors Agrees to Sell Saab to Koenigsegg Aug 19, 2009
STOCKHOLM -(Dow Jones)- General Motors Co. Tuesday confirmed that it's reached a stock purchase agreement to transfer its loss-making Swedish unit Saab Automobile AB to a group led by Swedish luxury sports car maker Koenigsegg Automotive AB.. The deal is expected to close by year's end and "will then secure Saab's future," GM said ... Closure of the deal hinges on the European Investment Bank approving a loan to Saab, and the Swedish government guaranteeing that loan, GM said. (SmartMoney)
GM seals deal to sell Saab to Koenigsegg Aug 19, 2009
GM said the deal, whose financial details were not disclosed, is subject to a funding commitment for Saab from the European Investment Bank, to be guaranteed by the Swedish government ... The EIB has promised to lend Europe's automotive industry a total of euro16 billion ($21 billion) for the development of greener solutions and production, and was expected to handle Saab's application for a loan in September ... It was not immediately clear how much Saab would apply for. (USA Today -- Autos)
Saab Sold, Except for the, Um, Money Aug 19, 2009
(MTLQQ) wants to get rid of Saab, which is bankrupt in Sweden ... I have the same question I always have: Is this just a stopgap to keep Saab from going under and liquidating, with Koenigsegg acting as an indigenous, Swedish management front ... Or does the esoteric carmaker actually have ambitions to sell Saabs to customers who would otherwise be thinking BMW or Audi. (Slate)
* World Business Quick Take Aug 19, 2009
AUTOMOBILES GM inks deal over SAAB. General Motors (GM) said yesterday it had signed a binding agreement with Swedish sports carmaker Koenigsegg over the sale of SAAB Automobile ... The US auto giant signed a tentative agreement to sell SAAB to Koenigsegg on June 16. (Taipei Times, Taiwan -- World Business)
GM to sell Saab to tiny Swedish carmaker Aug 19, 2009
Saab's own reorganization will be completed this month ... 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 ... Saab Managing Director Jan Ake Jonsson called the deal a "milestone" in a video on the company's Web site but added that there were still some issues to be resolved. (MSNBC -- Business)
Turnaround Tuesday: Retailers Fuel Aug 19, 2009
Existing users please login. Remember me on this computer. (Fox News)
