Hints and tips:
...Meanwhile, General Motors has begun selling the Chevrolet Bolt, a long-range affordable car, while Nissan announced its family-priced electric Leaf would also have greater range on a single charge in 2018...
...Saab struggled with losses for the past two decades, with ownership as volatile as its finances. General Motors sold the Saab brand to Dutch group Spyker after the financial crisis....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...Ditched by former owners General Motors in 2010 as part of the US carmaker’s bankruptcy, Saab was bought by Dutch carmaker Swedish Automobile, only to declare itself bankrupt in December 2011....
...In the car industry, Saab – which was part of the same company as Scania in the 1970s and 1980s – went bankrupt after being sold first to General Motors and then Spyker....
...Cars customised by designers have long been a staple of the charity auction organised by General Motors for its cancer research funds campaign Concept Cure....
...The owners of bankrupt carmaker Saab are suing General Motors for $3bn, claiming the US company blocked a sales and production deal in China that would have kept the Swedish brand afloat....
...But the power of Chapter 11 for turning around companies with big legacy costs can be seen best of all in the revival of General Motors and Chrysler in the US....
...The news comes after months of speculation about possible buyers after the struggling automaker declared bankruptcy in December, just two years after its former owner General Motors sold the company to Dutch...
...It did not buy the rights to the 9-5 model, which is owned by General Motors, or Saab Automobile Parts AB, which makes many of Saab’s car parts. The sale price was not disclosed....
...This came after General Motors, which used to own Saab and still holds preference shares in the company, said at the weekend that it would block any attempt by the Swedish brand to raise money from Zhejiang...
...General Motors has threatened to block a proposed sale of Saab, the struggling Swedish carmaker, to two Chinese companies because of the risk that GM technology could be transferred from its former subsidiary...
...Saab has been fighting for survival since its previous owner, General Motors of the US, threatened to shut it down in 2009 after years of heavy losses....
...Saab has been fighting for survival since its previous owner, General Motors, cut it loose financially in 2009 as it prepared for its own bankruptcy filing in the US....
...These memories returned last month when a Swedish court declared Saab bankrupt at the request of the company’s Dutch owners, who bought the carmaker from General Motors less than a year ago....
...Many of its suppliers have cut off deliveries due to non-payment, and Saab has made no cars since early June Saab last entered administration in February 2009 after General Motors, its then-owner, was itself...
...Saab Automobile AB has scrapped its planned alliance with Hawtai Motor of China a week after it was announced, throwing the Swedish carmaker’s future into fresh doubt....
...Hawtai Motor of China said on Friday it was still hopeful of striking a deal to save Saab Automobile but disputed the Swedish company’s account of why a provisional agreement fell apart this week....
...Saab’s Amsterdam-listed parent, Spyker Cars, on Friday reported a full-year net loss of €218m on sales of €819m for 2010 after buying the Swedish carmaker from General Motors last year....
...Saab Automobile is planning to resume production next week after the Swedish carmaker secured a financial lifeline from Hawtai Motor of China....
...Its core business is now Saab, which it bought from General Motors last year....
...The Swedish government needs to approve any change in ownership structure because it guaranteed the €400m European Investment Bank loan which paved the way for Saab’s sale by its former owner General Motors...
...The company, bought by Spyker Cars of the Netherlands from General Motors last year, said it was in talks with “various Chinese car manufacturers” about potential partnerships....
...The company was saved from bankruptcy last year when Spyker Cars of the Netherlands bought it from General Motors of the US....
...Saab, Sweden’s other global car brand, is facing a renewed liquidity crisis a year after being sold by General Motors of the US to Spyker Cars of the Netherlands....
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