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BUSINESS
January 11, 2000 | Associated Press
General Motors Corp. continued its international shopping spree, picking up the 50% of Swedish luxury auto maker Saab Automobile that it does not already own. The deal, terms of which were not disclosed, is the latest GM has made with foreign auto makers as it shores up positions in overseas markets. Last year, GM bought 20% of Subaru, agreed to buy engines from Honda Motor Co. and began negotiations to buy struggling South Korean auto maker Daewoo.
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BUSINESS
September 5, 1989 | From Associated Press
Reporting plunging profits, Sweden's troubled auto maker and aircraft manufacturer Saab-Scania AB confirmed Monday that it is in negotiations with Ford Motor Co. Georg Karnsund, Saab's chief executive, refused to disclose details of the talks, saying the two companies had signed an agreement of confidentiality. He said Saab also is talking with other car makers, but he refused to say which ones. Karnsund said Saab has signed a secrecy agreement only with Ford.
BUSINESS
June 25, 1996 | From Bloomberg Business News
General Motors Corp. said Monday that it will pump more money into Saab Automobile and could obtain full ownership of the struggling Swedish auto maker within three years. GM and Saab co-owner Investor each will put $262 million in loans into Saab through 1997. In addition, GM will receive an option to buy some or all of Sweden-based Investor's 50% stake in Saab in 1999 or 2000.
BUSINESS
September 1, 1989 | From Associated Press
Swedish auto maker Saab-Scania AB, facing mounting losses and layoffs, refused Thursday to confirm or deny news reports that Ford Motor Co. is a leading suitor for its ailing passenger car division. Following a board meeting Thursday, Jan-Erik Larsson, head of Saab's auto division, declined to clarify a report in the Stockholm tabloid Expressen that a takeover deal with Ford was imminent.
BUSINESS
June 25, 1996 | From Bloomberg Business News
General Motors Corp. said Monday that it will pump more money into Saab Automobile and could obtain full ownership of the struggling Swedish auto maker within three years. GM and Saab co-owner Investor each will put $262 million in loans into Saab through 1997. In addition, GM will receive an option to buy some or all of Sweden-based Investor's 50% stake in Saab in 1999 or 2000.
BUSINESS
July 20, 1995 | Times Staff and Wire Reports
Regulators Look at Saabs: The U.S. government's auto safety agency is investigating complaints of fires inside the passenger compartments of some Saab 9000s. The National Highway Traffic Safety Administration, in its monthly defect investigation report, said there have been 49 complaints and 35 fires involving models built from 1986 to 1991. According to the consumer complaints, fire starts inside the passenger compartment and engulfs the vehicle.
BUSINESS
December 16, 1989
I'd like to thank Coach Robinson for telling Ram fans what I had been trying to tell them for 10 years--that they are fools. SAM RIZZARDO, Long Beach
BUSINESS
January 11, 2000 | Associated Press
General Motors Corp. continued its international shopping spree, picking up the 50% of Swedish luxury auto maker Saab Automobile that it does not already own. The deal, terms of which were not disclosed, is the latest GM has made with foreign auto makers as it shores up positions in overseas markets. Last year, GM bought 20% of Subaru, agreed to buy engines from Honda Motor Co. and began negotiations to buy struggling South Korean auto maker Daewoo.
BUSINESS
August 5, 1992 | Reuters
Swedish auto maker Saab said its car sales in the United States from January to July, 1992, were down 1% to 15,832 from 16,012 in the same period in 1991. The company said its U.S. car sales in July fell to 2,110 from 2,149 a year ago. Saab Auto is jointly owned by General Motors Corp. and Sweden's Saab-Scania.
BUSINESS
July 20, 1995 | Times Staff and Wire Reports
Regulators Look at Saabs: The U.S. government's auto safety agency is investigating complaints of fires inside the passenger compartments of some Saab 9000s. The National Highway Traffic Safety Administration, in its monthly defect investigation report, said there have been 49 complaints and 35 fires involving models built from 1986 to 1991. According to the consumer complaints, fire starts inside the passenger compartment and engulfs the vehicle.
BUSINESS
August 5, 1992 | Reuters
Swedish auto maker Saab said its car sales in the United States from January to July, 1992, were down 1% to 15,832 from 16,012 in the same period in 1991. The company said its U.S. car sales in July fell to 2,110 from 2,149 a year ago. Saab Auto is jointly owned by General Motors Corp. and Sweden's Saab-Scania.
BUSINESS
December 16, 1989
I'd like to thank Coach Robinson for telling Ram fans what I had been trying to tell them for 10 years--that they are fools. SAM RIZZARDO, Long Beach
BUSINESS
September 5, 1989 | From Associated Press
Reporting plunging profits, Sweden's troubled auto maker and aircraft manufacturer Saab-Scania AB confirmed Monday that it is in negotiations with Ford Motor Co. Georg Karnsund, Saab's chief executive, refused to disclose details of the talks, saying the two companies had signed an agreement of confidentiality. He said Saab also is talking with other car makers, but he refused to say which ones. Karnsund said Saab has signed a secrecy agreement only with Ford.
BUSINESS
September 1, 1989 | From Associated Press
Swedish auto maker Saab-Scania AB, facing mounting losses and layoffs, refused Thursday to confirm or deny news reports that Ford Motor Co. is a leading suitor for its ailing passenger car division. Following a board meeting Thursday, Jan-Erik Larsson, head of Saab's auto division, declined to clarify a report in the Stockholm tabloid Expressen that a takeover deal with Ford was imminent.
NEWS
December 17, 1989 | United Press International
General Motors Corp. announced Friday it will acquire a half-interest in the car-making operations of Sweden's Saab-Scania AB aerospace and automobile group for $600 million.
BUSINESS
May 25, 1989
Commuter Airline Orders Planes: American Eagle commuter airlines, a subsidiary of AMR Corp., said it will buy up to 100 twin-engine aircraft from Sweden's Saab-Scania AB. General Electric said it will provide turboprop engines for the planes. American Eagle, which feeds passengers to AMR's American Airlines subsidiary at its major U.S. hubs, did not disclose the terms of the two deals but industry analysts said they could be worth up to a total of $1.25 billion. Under the agreement, American Eagle has 50 firm orders for Saab's 34-passenger 340B aircraft, with options to buy 50 more.
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