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On 26 January, General Motors (GM) confirmed it had agreed to sell Saab to Spyker N.V. [34] subject to regulatory and government approval; the sale was completed on 23 February 2010. [35] General Motors would continue to supply Saab with engines and transmissions, and also completed vehicles in the shape of the new Saab 9-4x from GM's Mexican ...
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 ...
Spyker's appeal of the ruling was heard at the 6th U.S. Circuit Court of Appeals in Cincinnati on October 24, 2014. Judge Eugene Siler ruled in favor of GM, stating that the company's blocking of the sale of Saab had not been malicious, but rather based upon "legitimate business concerns" about who would benefit from Saab's use of GM technology ...
General Motor's 20-year relationship with Saab is nearly over. In a statement Tuesday, GM announced it has finalized the sale of Saab Automotive AB to Dutch luxury car company Spyker Cars NV. The ...
It seems General Motors (GRM) isn't have any better luck at selling pieces of itself than it is at selling its cars and trucks. A deal struck by the Detroit-based company in June to sell its Saab ...
General Motors plans to begin winding down operations of its Saab unit, after it was unable to reach a deal to sell the brand to Dutch concern Spyker Cars, the company said in a brief statement ...
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