December 17, 1989 |
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.
April 7, 1993 |
Jerry Adams says all his customers ask the same thing: What are you doing out here? Adams' Saab auto dealership is in Meyer, Iowa, an unmapped enclave of about 40 people. Adams' father, Edmund, opened the garage during the Depression and began selling Saabs in 1964. Jerry Adams took over in 1974. There isn't much of a market in Meyer for pricey cars. Most customers come from Des Moines, a three-hour drive south, and Minneapolis, two hours north. "I had a heck of a good month last month.
August 16, 1989 |
In Paris, women clutch flirtatious little Chanel bags, so small they hold next to nothing. In New York, they take the opposite tack, lugging mega-tote bags that bend their backs into Quasimodo crouches, so they can keep their subway reading, gym clothes and other such sundries close at hand. But in Los Angeles, women breeze around town carrying nothing except a set of keys. That's because the quintessential California purse comes with four wheels and a trunk.
February 28, 2006 |
General Motors Corp. board member Jerry York is now convinced that the Saab and Hummer brands are good for the automaker, a month after he had suggested GM get rid of them, said Bob Lutz, GM's vice chairman of global product development. "Saab has really turned the corner," Lutz said before the Geneva Auto Show. "It is close to making money as a brand." "Jerry made all those comments before he joined the board," he added. York had urged the No.
September 5, 1989 |
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.
November 23, 2002 |
General Motors Corp.'s Saab Automobile unit said Friday that it's recalling 55,000 Saab 900 cars worldwide to fix an electronic air bag control that could malfunction and deploy the air bag. The cars are 1995 model year 900s, including 20,500 sold in the U.S. Saab, based in Trollhattan, Sweden, is notifying owners to bring the cars to dealers, who will replace the control unit without charge, the company said. The malfunction is most common in humid climates, spokesman Kevin Smith said.
April 25, 1985 |
Sweden's Saab-Scania AB plans to begin selling heavy trucks in the United States later this year, the company said Wednesday. The trucks, which are manufactured by the company's Scania division in Sodertalje, Sweden, will be sold through an as-yet incomplete dealer network, the importer said in a statement released in Detroit. Saab-Scania of America, based in Orange, Conn., imports Saab automobiles. The company also manufactures buses at a plant in Orange.
April 7, 1998 |
When news broke last week that the Tustin Saab franchise had been transferred to Campbell Automotive Group, telephones started ringing at Tustin Nissan. Seems that because the Nissan and Saab stores shared owners and facilities, some clients thought the deal affected Tustin Nissan as well. It didn't, and the Nissan store is still there and going strong, says Mark Parkinson, Tustin Nissan's vice president.
January 11, 2000 |
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.
February 4, 2010 |
The Toyota recall may be dominating headlines these days, but I have another sad automotive story to tell. In fact (and you know I had to resort to this pun), it's a Saab story. Literally. Spyker, a boutique Dutch automaker known chiefly for building the teak-and-gold-leaf carriage used by the queen of the Netherlands, is purchasing Saab from General Motors. The brand has been in play for months, and Spyker may not have the bucks to make it happen. Regardless, the move is only the latest unsettling news for a car that was "born from jets" in Sweden and crash-landed in American bankruptcy.