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Geneva Preview: Koenigsegg Agera Pumped Up to 910-Horsepower
Thanks to photos and information from GTSpirit, we’re able to bring you the very latest supercar from Koenigsegg – the Agera. Looking mostly similar to the CCX, the Agera appears to be some sort of special edition version of the Swedish supercar. So what’s so special about it? We’re glad you asked. For starters, the…
Report: Spyker CEO Planning Saab 92 to Take on MINI Cooper
With all the success the MINI brand has had since it was reborn in recent years, Audi has now accepted the challenge by producing the A1. But the sub-compact premium segment looks to get more crowded in the future as Spyker CEO Victor Muller has said he’s examining the possibility of building a small Saab…
GM Completes Saab Sale to Spyker
General Motors has just announced that the sale of its Swedish Saab unit to Dutch exotic car maker Spyker has been completed. The new company, called Saab Spyker Automobiles, will now begin a new era for Saab, saving thousands of jobs in Sweden and at dealerships in the United States. Saab Spyker will begin to…
Geneva Preview: 2011 Volvo S60 Set to Debut With 300-hp T6 Engine
Volvo will debut its new 2011 S60 model at the Geneva Auto Show this March, just over a year since the S60 concept first appeared at the Detroit Auto Show back in 2009 and a decade after the original S60 was introduced. Like modern Volvo’s the car retains much of its swoopy style, with the…
Report: Feds Forced Out Russian Backer in Spyker’s Saab Bid Due to Mafia Ties
The sale of Saab to Spyker was delayed due to suspicions that one of the Dutch exotic car maker’s major shareholders had ties to the Russian mafia. According to a recent report by Swedish newspaper Dagens Industri, the Swedish security force Sapo investigated former Spyker shareholder Alexander Antonov and determined that there was “strong suspicion”…
Report: New Saab 9-3 Coming in 2012
With Saab having just been saved by Dutch automaker Spyker, the new Saab Spyker Automobiles company has confirmed that it will deliver a new 9-3 model to market in 2012. The current 9-3 has been in production since 2002, meaning that by the time the third-generation of Saab’s volume seller arrives, the current model will…
Report: Saab 9-5 Will Hit U.S. Dealerships This Spring
With Saab enthusiasts rejoicing about their beloved company cheating death, the Swedish automaker’s new owner Spyker Cars, is hoping those very same folks will put their money where their mouth is – literally. Saab will reportedly begin U.S. sales of its new 9-5 flagship this Spring. We don’t have any specifics on the U.S. model…
Report: Volvo Sale to Geely Set for February 8th
According to a recent report, Ford’s sale of Volvo to Chinese automaker Geely could go through as early as February 8th. Ford and Geely have already announced they are working out details of a plan with the latest rumor indicating that the sale could be for as little as $1.6 billion, with a $1.8 billion…
Breaking: GM Agrees to Sell Saab to Spyker
General Motors has just announced it has reached an agreement to sell its loss-making Saab division to Dutch exotic car maker Spyker Cars NV. Saab and Spyker will form a new company, Saab Spyker Automobiles and the deal is expected to be finalized in February pending approval by several regulatory bodies and the Swedish government….
Breaking: Saab Sale to Spyker Imminent
Spyker Cars is expected to announced later today that a deal has been reached to purchase Swedish automaker Saab from General Motors. According to Automotive News, a person close to the ongoing talks between GM and Dutch exotic car maker Spyker has leaked the information. Recently investment company Genii Capital, backed by Formula One boss…
Report: Genii-Ecclestone to Offer $1 For Saab
What’s Swedish automaker Saab worth? According to some reports, just $1. Recent rumors have suggested that a partnership between Genii Capital, Formula One boss Bernie Ecclestone and Swedish businessman Lars Carlstrom will offer General Motors one hundred shinny pennies or the loss-making Swedish automaker, saving GM the cost of shutting it down. GM has already…
Breaking: Saab Shutting Down Says General Motors CEO
It’s been said several times before, but GM Chairman and CEO Ed Whitacre today told reporters that the company is shutting down its Swedish Saab unit. “We’re closing down Saab,” he said. “We’re winding it down.” Recently GM hired on wind-down firm AlixPartners, but continued to say that it was evaluating proposals from several interested…
Breaking: GM Hires Firm to Wind-Down Saab, While Continuing to Evaluate Proposals
The future of Saab just became a little more certain today. Or did it? General Motors has released in a statement that it has hired on AlixPartners to oversea the wind-down of its loss-making Saab unit. In other words, GM is planning to close the doors on the Swedish automaker, sending the company into liquidation…
Report: GM Delays Board Meeting, Postpones Saab Decision as a New Bidder Emerges
General Motors has reportedly delayed a board meeting that was to decide the fate of its loss-making Saab unit today, as a new bidder has emerged onto the scene. GM had already postponed Saab’s fate by dropping a self-imposed December 31st deadline in favor of a January 7th one. Now it is giving Spyker, as…
Report: Spyker Would Sell Its Cars in Saab Dealerships
Later this week General Motors is expected to pronounce on the fate of its loss-making Swedish unit, with a potential purchase by Dutch exotic car maker Spyker still a possibility. In an interview with AOL Autos, Spyker CEO Victor Muller discussed many of his plans to rejuvenate Saab, as well as another plan to sell…
Report: Saab Enthusiasts Planning Rally at GM Headquarters
With General Motors announcing recently that it would drop Saab’s December 31st deadline and continue to search for a capable buyer for the Swedish brand, enthusiasts of the Swedish brand are banding together in an effort to save Saab. In a post on enthusiast site SaabHistory, a blog post urges owners to join in a…
Report: Ford, Geely Reach Agreement on Sale of Volvo
Ford Motor Co. and Zhejiang Geely Holding Group (Geely) have reached a general agreement on the terms of a sale that would see Ford’s loss making Volvo unit sold to the Chinese automaker. An initial agreement is set to be signed in the first quarter of 2010, with the transaction complete in Q2. Ford said…
Report: Dutch Billionaires Steping-In and Russian Ones Exiting May Save Saab
There are almost too many stories and rumors about Swedish automaker Saab to keep up with, as the latest reports suggest not one but two Dutch billionaires are involved in a new deal that would see Spyker purchase the loss-making division from General Motors. Dutch business daily Het Financieele Dagblad suggests Dutch media tycoon John…
Breaking: Saab Not Dead Yet As Spyker Submits New Proposal
Those digging the grave for Saab might want to put their shovels down after Spyker Cars has submitted a new proposal to purchase the Swedish automaker from General Motors. On Friday GM announced that a deal could not be reached and said it would begin an orderly wind down for Saab. According to Spyker CEO…
Report: GM shutting down Saab
General Motors has announced it will close down Saab after discussions to sell the brand fell through. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,” said Nick Reilly, president of GM Europe. “In…
Detroit Preview: Volvo C30 Electric Car Gets Updates For Real World Testing
***See AutoGuide’s LIVE 2010 Detroit Auto Show Coverage Here*** Volvo will present a battery-powered electric C30 at the Detroit Auto Show in January, with plans to build a test fleet of 50 vehicles for real-world testing in 2011. The model being shown in Detroit will be further along the development process than the prototype previously…
Breaking: Spyker Only Remaining Bidder for Saab
Dutch exotic car maker Spyker is likely to become the new owner of Swedish automaker Saab after GM Chairman and CEO Ed Whitacre confirmed there are no other bidders. Earlier this week GM reached a deal with Beijing Auto to sell off old Saab assets so the Chinese company could produce previous generation Saab models…
Breaking: GM Sells Old Saab Platform Rights to China’s Beijing Auto
General Motors has reached an agreement to sell off part of its struggling Saab division to China’s Beijing Auto (BAIC). The deal would see BAIC take control of Saab’s rights assets and tooling assets of the past 9-5 and 9-3 models in order to build those vehicles in China. Saab’s future has been uncertain for…
Report: Dutch Exotic Car Maker Spyker Top Candidate in Bidding for Saab
Dutch exotic car maker Spyker is likely the favored candidate in the resumed bidding for GM’s Saab division. Saab went back on the open market just a few weeks ago when a group led by Swedish supercar maker Koenigsegg retracted its offer. In an report published in Swedish daily Svenska Dagbladet a source described GM’s…
