Saab AB

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Swedish firm gives up bid for Saab

AFP Global Edition yesterday

Swedish luxury carmaker Koenigsegg said Tuesday it was giving up its bid to buy Saab Automobile from its US parent General Motors due to costly delays, plunging Saab's future into doubt. "We regret that after six months of intense and goal-oriented work ...

Koenigsegg gives up bid for Saab

AFP Global Edition yesterday

Swedish luxury carmaker Koenigsegg said Tuesday it was giving up its bid to acquire Saab Automobile from its US parent company General Motors, saying costly delays made the deal too uncertain. The announcement plunged Saab's future into doubt. "We regret that after ...

Koenigsegg says it is giving up bid for Saab

AFP Global Edition yesterday

Swedish luxury carmaker Koenigsegg said Tuesday it was giving up its bid to acquire Saab Automobile from its US parent company General Motors. "We regret that after six months of intense and goal-oriented work we have come to the painful and difficult ...

GM: 37 pct of US Saab dealerships to close

AP News 11 days ago

GM says 37 percent of US Saab dealers will close under deal to sell brand to Koenigsegg Group About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.'s planned sale of the ailing Swedish car brand to ...

Former SKorean officers accused of espionage

AFP Asian Edition 23 days ago

South Korean prosecutors on Tuesday announced the arrest of two former army officers on charges of obtaining classified military information for a US defence company. Prosecutors said the two ex-colonels, identified only as Hwang and Ryu, work for the Security Management Institute, ...

Koenigsegg CEO says still aims for Saab deal in October

Reuters US Online Report Business News 60 days ago

STOCKHOLM (Reuters) - Koenigsegg's chief executive said on Saturday the Swedish luxury sports car maker still aimed to finalize a deal to buy Saab Automobile from General Motors <GM.UL> by the end of October. Koenigsegg Chief Executive and part owner Christian von ...

Swedish car maker could pull out of Saab deal: report

Reuters US Online Report Business News 61 days ago

STOCKHOLM (Reuters) - Swedish luxury car maker Koenigsegg Group could pull out of its planned purchase of Saab Automobile from General Motors <GM.UL> unless steps to secure loans are in place by Wednesday, a part owner told a newspaper on Saturday. Norwegian ...

9 dead in Venezuela crash involving chlorine gas

AP News 69 days ago

Chlorine gas truck, cargo vehicle collide in Venezuela; 9 killed, 326 have breathing problems The collision of a truck carrying chlorine gas and a cargo vehicle has killed nine people and provoking breathing problems in 326 others, authorities said Thursday. Anzoategui state ...

Rival bidders pull out all stops for Brazil fighter jet deal

AFP Global Edition 76 days ago

Rival bidders trying to sell fighter jets to Brazil on Thursday made a final push for the multi-billion-dollar contract, which looked all but sewn up by France's Dassault. Sweden's Saab and the United States, backing defense contractor Boeing in the race, both ...

Western brands may be a step too far for Chinese car makers

Reuters US Online Report Business News 77 days ago

SHANGHAI (Reuters) - Chinese carmakers are venturing on to the global stage with bids for Western brands from Volvo and Hummer to Saab, but there are doubts these inexperienced firms can manage the transformation such deals would bring. "Getting involved in European ...

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