GM have given notice that the wind down process of Saab, first announced late last year, has commenced. Consulting firm AlixPartners have been chosen by GM to act as wind down supervisors. A statement released by GM reads, “The wind down process is expected to take several months, and will ensure that employees, dealers and [...]

Set me free, why don’t you babe. Get out my life, why don’t you babe. ‘Cause you don’t really love me. You just keep me hangin’ on. You don’t really need me. But you keep me hangin’ on… Yep, you guessed it, despite yet another deadline passing and a reported four bids received there is [...]

Just before Christmas news emerged of a revised bid from niche Dutch car manufacturer Spyker to buy Saab. Supposedly the GM heavies didn’t really care much for the toys left in their Christmas stockings by Spyker and the second bid was also turned away. However, like a determined kid who wants to get their way, [...]

You may remember from yesterday that Spyker put a deadline on their latest offer to buy Saab from GM. It now appears that deadline was as flexible as a Saab convertible. The Dutch manufacturer has just issued a brief comment stating, “Spyker has been in contact with GM today, and continues to develop its proposal [...]

Since announcing they would be winding down Saab’s operations GM has received new interest from parties ready to take on the Swedish manufacturer. Dutch sports car maker Spyker was the last company to have a serious crack at buying Saab and while GM has already knocked them back once, they have launched a new bid. [...]

“We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our [...]

Koenigsegg have announced they are pulling out of their agreement with General Motors to purchase Saab. Months of negotiations have, ultimately, counted for nothing. “We regret that after six months of intense and determined work we have come to the painful and difficult conclusion that we are unable to complete the acquisition of SAAB Automobile,” [...]

Saab, all excited at being bought out by Swedish supercar kings Koenigsegg, have released official pictures of its important all new 9-5 Saloon. I have to say, first impressions to my eyes were, “wow, that looks great”. You’ll never guess where the car will be making its public debut! The manufacturer describes its new car [...]