In Bid to Revive its Fortunes Saab Inks Engine Deal with BMW
Saab Automobile signed a deal to begin using BMW engines as the struggling Swedish automaker seeks to restore its profitability and prestige.
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Aegon Looks to Sell Transamerica Re
Dutch insurer Aegon announced it will restructure operations in Britain and look into strategic options for Transamerica -- its U.S.-based life reinsurance arm.
GM and Spyker Seal a Deal
for Saab
After a year-long search, General Motors finally found a buyer in the Dutch sports-car maker. The $400 million offer comprises $74 million in cash and $326 million in preferred shares. Saab workers and customers finally have a good reason to be hopeful.
GM's Saab Story Not Over Yet
After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday. Spyker says that it has removed the obstacles that ended negotiations previously.