saab

10 American Companies That Will Disappear in 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.

Saab Reaches Deal to Use BMW Engines

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.

Loyalists Hope Spyker Gives Saab Story a Happy Ending

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, Spyker Finalize Saab Sale

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.

GM and Spyker Seal a Deal
for Saab

After a year-long search, General Motors finally found a buyer for Saab in Spyker Cars, a Dutch sports-car maker. The offer comprises $74 million in cash and $326 million in preferred shares. Saab workers and customers finally have a strong reason to be hopeful.

Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG

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 to Spyker: No Deal for Saab

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.

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.

No Sale: GM Will Send Saab
to the Scrapyard

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.

General Motors finally unloads Saab

General Motors Corp. (GMGMQ), the bankrupt U.S. automaker that is jettisoning brands as it reorganizes, has unloaded Saab, the Swedish car company...