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0Report: What brands have Saab owners defected to? Polk investigates 1346594460
When a brand goes belly-up, it's natural for analysts to wonder where that brand's consumers will turn. General Motors has mothballed more car brands the last decade than most other automakers' have in their entire portfolios, so "Where did [insert brand here] buyers go?" has been a common ...
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Report: GM granted 30-day extension on Spyker's Saab-related lawsuit 1346072340
General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that ...
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Breaking: Spyker files $3 billion lawsuit against General Motors over Saab's demise 1344263220
"Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors – or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for ...
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Report: NEV deal to buy Saab delayed 1344014940
Remember a month and a half ago when we told you that Saab will "soldier on?" Well, we should have written "stand at attention." According to SaabsUnited, the deal for National Electric Vehicle Sweden to buy the remaining Saab assets didn't close on schedule. In fact, it's been delayed by "a ...
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Last 900 Saabs heading to auction 1340402400
If you've been wanting to get your hands on one last new Saab but missed out on the great Saab sell-off when Saab Cars North America declared bankruptcy, well, your ship has now come in. Actually, it came in last year – but hundreds of new Saabs got waylaid at ports in California and New ...
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Breaking: Saab sold! Again. Probably. 1339101000
You'll note that we have yet to remove Saab from the dropdown menu at the top of the Autoblog home page. Indeed, for a bankrupt company that hasn't built a new car from scratch yet this year, Saab generates a surprising amount of news, however, little of it has been the good kind. Perhaps that ...
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Official: Saab Automobile Parts AB throws lifeline to North American owners 1338994860
To say that the future of Saab as an automaker remains murky is being charitable at best, but that doesn't mean there isn't a loyal body of customers with real needs. In the wake of the Swedish marque's bankruptcy, U.S. and Canadian Saab drivers were left without a clear supplier of parts and ...
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Report: China's Youngman bails on Saab, Mahindra still in the mix 1337792400
Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of $492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was ...
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Report: Saab gets new $492M bid from Youngman 1334770140
Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what's left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that's the absolute lowest the Swedish ...
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Report: Saab's assets less than one-third of its debts 1334176140
The Detroit News reports the sum total of the remaining Saab assets is worth less than a third of the defunct automaker's debts. All told, the company owes a hefty $1.9 billion at current conversion rates, though its total property value rings in at a comparatively paltry $532 million. The debt ...

