Once a coveted luxury car brand, Saab has been the hot potato of the automotive world. Today, it was announced that the bankrupt car maker would change hands for the third time in 12 years, this time to a group of Chinese and Japanese investors who intend on using the Saab brand to sell electric vehicles. [More]
After trying for months to be the little Swedish car company that could, Saab has given in and filed for bankruptcy amid long-standing money problems. The trouble started last March, and the company stopped making vehicles in April. [More]
In 2009, America’s General Motors unloaded Swedish-founded Saab on Netherlands-based specialty car maker Spyker Motors. We haven’t heard many complaints about the new ownership until now, when Russ wrote in to complain that his car is now undriveable because his Saab dealer is out of key blanks. Worse: Saab is also out of key blanks. [More]
Given the price of gas these days, it really helps to have an accurate fuel gauge on your vehicle. It certainly doesn’t help to have a gauge that gives inaccurate or completely random readings. But enough GM drivers have complained to the National Highway Traffic Safety Administration about this problem for the agency to open an investigation. [More]
If you bought or leased a new car in the Toyota family from Jan 1, 2001 to April 30, 2003, you could get some cash in a new class action lawsuit. The lawsuit alleges a conspiracy between Toyota Motor Sales, U.S.A. and the Canadian Automobile Dealer’s Association (CADA) to keep Canadian car exports out of the states and raise prices for American consumers. [More]
Spyker, a specialty car maker that makes only a dozen cars a year, has actually managed to come to a deal to buy Saab from GM, says Dow Jones. [More]
The final attempt to sell money-losing-jet-car-maker Saab has failed, says GM. The brand will be discontinued, which makes the country of Sweden really sad. [More]
After acquisition talks between Swedish company Konigsegg and General Motors fell apart, Saab is without a home. This makes the third division of GM that the company has failed to divest itself of, after Saturn and Germany’s Opel. Saab may be shut down, like Saturn–or kept, like Opel. [More]
Consumer Reports Cars asks: “Should you buy a Hummer, Saab, or Saturn?” Their answer: No. Or at least “Not now.” [Consumer Reports Cars]
GM released a new plan to avoid bankruptcy today, and the cuts are deep. The U.S. Treasury would own at least 50% of the company and the failing Pontiac brand would be completely eliminated.
GM desperately wants an invite to the bailout party — and has submitted a request for $12 billion dollars. In return, GM will attempt to return to profitability by “explor[ing] alternatives for the Saturn brand,” as well as cutting “product offerings” at Pontiac.