November 24, 2009
In what could potentially be a fatal blow to Saab, Koenigsegg Group AB notified General Motors that they have backed out of their plan to purchase the Swedish automaker. GM released a brief statement today that they were saddened by the news, and would be meeting to decide the fate of Saab in the next [...]
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October 11, 2009
It was early June this year when news broke that GM had accepted an offer from Chinese manufacturer Tengzhong. Since then, no news has been forthcoming, but there were rumors swirling that the Chinese government could block the sale. A little over four months later, the Hummer brand has been sold, with a minor wrinkle: [...]
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