saab
10 American Companies That Will Disappear in 2011
10:00AM 1/18/2011
24/7 Wall St. recently looked at a number of large American companies, some of which are owned by foreign companies, to see which will disappear in 2011. It didn't take long to come up with a list of familiar names such as Sara Lee, Office Depot, Borders, E*Trade and five others.
In Bid to Revive its Fortunes Saab Inks Engine Deal with BMW
8:20AM 9/29/2010
Saab Automobile signed a deal to begin using BMW engines as the struggling Swedish automaker seeks to restore its profitability and prestige.
Saab Reaches Deal to Use BMW Engines
7:51AM 9/27/2010
Saab Automobile reached an agreement with Bayerische Motoren Werke AG that will let the Swedish automaker use BMW engines.
Initially, Saab will buy BMW engines for its 9-3 model, which is due to be launched late 2012, Bloomberg News reported without naming its sources.
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Loyalists Hope Spyker Gives Saab Story a Happy Ending
9:00AM 8/12/2010
Less than a year after Saab was given up for dead when GM couldn't find a buyer, and five months after it was acquired by Dutch automaker Spyker, the quirky Swedish car's biggest fans are feeling a bit more optimistic about the brand's future.
GM finalizes its sale of Sweden's Saab to Dutch luxury carmaker Spyker. But GM's planned sale of its Hummer division to China's Tengzhong may be running out of time.
Saab Story Ends: GM Will Sell to Spyker for $400 Million
4:10PM 1/26/2010
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.
Company news that could affect stock prices today including: a Swiss court's decision that chief financial markets regulator broke the law when it ordered UBS AG to give the U.S. data about its clients, and Teva Pharmaceutical Industries' withdrawal of its appeal of a U.S. court ruling that favored Merck and its patent on the asthma treatment Singulair.
GM Says No Deal to Spyker's Last-Ditch Bid for Saab
12:26PM 12/24/2009
Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.
Saab Story May Not Be Over as Spyker Renews Bid
9:39AM 12/21/2009
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.
No Sale: GM Will Send Saab to the Scrapyard
11:40AM 12/18/2009
General Motors plans to begin winding down operations of its Saab unit, after it was unable to reach a deal to sell the brand to Dutch concern Spyker Cars. This follows last month's collapse of a bid by Swedish luxury carmaker Koenigsegg Group to buy the 72-year-old automaker.
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