Until this morning I couldn’t reliably spell Koenigsegg. It was a little company of fewer than 50 employees making fewer than 20 cars a year. Now it has effectively taken over Saab.
Tag Archives: GM
This economic chokehold on the motoring industry is squeezing air out of everyone, but it’s doing us a great service at the same time. It’s culling the weak. Separating the wheat from the chaff.
The Big Manufacturer Sale (everything must go!) is about to open, and at the front of the queue, waiting for the shop doors to open is… Fiat.
If GM got a bit of a kicking fom the Obama administration, how about Chrysler? The President’s team has said it doesn’t believe Chrysler can survive alone, so if it doesn’t finalise the deal with Fiat within the next 30 days, it gets no more Government money. Which would inevitably leave it bankrupt.
President Barack Obama has showed his teeth. He’s told the boss of GM to resign. Presumably he wouldn’t have done that unless he was about to give GM the billions in loans the company is asking for. The president needed to get some collateral, didn’t he?
Fritz Henderson, GM’s Chief Operating Officer, has announced plans to split Opel and Vauxhall into a separate division that can then be opened up for outside investment. GM has also announced that it is looking for £2.9 billion in state aid from countries across Europe to keep the various operations afloat, or risk losing some […]
Saab is getting ready to jump out of the GM aeroplane. Or rather, be pushed. The only issue is, does it have its parachute?
If you want to know what’s been ailing Saab all these years, today’s unveiling of the 9-3X wagon is a good place to start. Saab actually invented this car seven years ago. But GM bungling means it hasn’t been released until now.
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