Search results
Results from the WOW.Com Content Network
Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors.After struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and ...
When the global economic crisis of 2008 threatened the US automakers, Swedish authorities became concerned about the fate of Volvo, should Ford file for bankruptcy. These concerns mounted after repeated mass-layoffs at Volvo. In December 2008, Ford announced that it was considering selling Volvo Cars.
On December 19, following a month of unsuccessful negotiations with GM, Saab Automobile filed for bankruptcy due to being unable to find another company to acquire it. [72] [73] [74] Swedish Automotive attempted to prevent the liquidation of Saab by putting Spyker Cars up for sale again, but was unable to find a buyer. [13] [75]
Company Owner Notes Koenigsegg (1994–present) [1]Lynk & Co (2016–present): Geely: Collaboration between Volvo Cars and its parent company Geely: Polestar (2017–present): Geely through Volvo Cars in 2015
The Swedish automaker is a major employer in South Carolina, with about 1,500 workers. The company’s South Carolina plant was its first in the United States.
The Swedish automaker said it now aims for between 90% and 100% of its car sales to be fully electric or plug-in hybrid models by 2030. The company now says that up to 10% of its sales will ...
For premium support please call: 800-290-4726 more ways to reach us
In April 2022, Volta Trucks had an order bank of around 6,000 vehicles with a value of circa $1.3billion. Volta trucks filed for bankruptcy in Sweden 17 of October 2023, [3] and then was bought up by hedge fund Luxor Capital Group, one of its largest creditors. [4]