BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Saab Runs Out of Gas]]>http://www.bloggingstocks.com/2009/12/18/saab-runs-out-of-gas/http://www.bloggingstocks.com/2009/12/18/saab-runs-out-of-gas/http://www.bloggingstocks.com/2009/12/18/saab-runs-out-of-gas/#commentsFiled under:

When it comes to selling companies, General Motors has had some bad luck lately. The company pulled its deal for Opel off the market. Then its proposed sale of Saturn failed (the company is in the process of being liquidated).

As for this week, there was another dead deal: the sale of Saab to Spyker Cars. And yes, Saab will now be unwound.

What happened here? So far, GM and Spyker have not provided any details. Basically, there were some "issues" that couldn't be resolved.

Continue reading Saab Runs Out of Gas

Saab Runs Out of Gas originally appeared on BloggingStocks on Fri, 18 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automobile industryBeijing Automotive Industry Holdings CoGMinthenewsKoenigseggSaabFri, 18 Dec 2009 17:30:00 EST<![CDATA[General Motors to sell SAAB to Swedish company]]>http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/http://www.bloggingstocks.com/2009/06/16/general-motors-to-sell-saab-to-swedish-company/#commentsFiled under:

This morning, General Motors (GMGMQ) -- or is it Government Motors? -- announced that it will sell its Saab unit to a consortium led by Koenigsegg Automotive AB. The purchaser is a luxury carmaker, which produces roughly 12 custom-made models each year.

In a memo of understanding, GM stated that the sale will include a $600 million funding commitment from the European Investment Bank -- which is guaranteed by the Swedish government. The sale is believed to be completed by the end of the third quarter.

Continue reading General Motors to sell SAAB to Swedish company

General Motors to sell SAAB to Swedish company originally appeared on BloggingStocks on Tue, 16 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automakersbuyoutscar companiesCarCompaniesinthenewsKoenigseggSaabSwedenTue, 16 Jun 2009 10:30:00 EST