Entries tagged "Saab"
The bankruptcies of Chrysler and General Motors seem to have flushed out of the garage every name in the industry looking to scavenge for parts.
Four years ago America and China fought a major battle over Cnooc's bid for Unocal. Would the U.S. allow such a deal today?
In addition to cutting U.S. brands Hummer and Saturn, GM is also considering Saab and Opel, but not before it attempts to shake down the Swedish and German governments for cash.
The government bailout of the auto industry is complete! The Swedish government bailout, anyway....
General Motors Corp., which has seen its shares fall to 1950s-lows in recent weeks on fears of a slowing economy and due to its overreliance on gas-guzzling trucks and SUVs, got a boost Monday from a Wall Street Journal story reporting that the automaker is looking to cut thousands of white-collar jobs and could sell or axe some of its brands....
