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Magna Steyr is a big company, known for building parts for such vehicles as BMW X3, Saab 9-3 convertible, Chrysler 300C and Jeep Grand Cherokee. It also gained popularity in headlines after having teamed up with Russian VAZ and purchased Opel from General Motors. Now the company is growing...
Saab Cars USA is seeking state and local tax breaks to open a U.S. headquarters in Royal Oak once the brand is sold by General Motors Co. Saab is looking to invest $2.2 million over five years to relocate mostly sales and marketing employees from the Renaissance Center to an industrial building...
Detroit's automakers are occupying less space at this year's Frankfurt Motor Show, and in the European auto market, after shedding brands and assets to get through a global industry downturn that hit them especially hard. General Motors Co. will essentially be fielding one brand in Euro...
Finally the deal about the Saab sale is becoming clearer. GM Europe has announced that the Swedish manufacturer will be sold to Koenigsegg Group AB. There have been several candidates and in June the things started clearing out, but there was still a little uncertainty about the bid from th...
These are the last weeks when Saab functions as a GM branch: the Swedish company is going to belong to Koenigsegg Group pretty soon. However, a few recent projects which have been developed together with GM designers will be produced by Saab as part of American auto company. One of them is the...
General Motors Corp. on Tuesday said it has signed a final agreement to sell all shares in its unit Saab Automotive to Sweden's Koenigsegg Group AB, confirming the preliminary deal revealed in June. GM said the contract is subject to the conditions that Saab receives the necessary funding...