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GM's Lost Deal Could Mean End Of Saab's Story

Nov. 24, 2009
A deal for General Motors Co. to sell Saab to the specialty carmaker Koenigsegg Group has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction.
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GM loses buyer for Saab

DETROIT, Nov. 24 (UPI) -- General Motors Co. said Tuesday a Swedish buyer lined up to purchase Saab Automobiles had backed out of the deal.
Saab investors may have Chinese help

Saab investors may have Chinese help

STOCKHOLM, Sweden, Sept. 8 (UPI) -- Swedish investors vying to purchase Saab Automobile from General Motors Co. may have help from a Chinese auto producer, a report in Sweden said.
Saab pursuers say they have the money

Saab pursuers say they have the money

STOCKHOLM, Sweden, Sept. 2 (UPI) -- Swedish investors aiming to buy automaker Saab from General Motors Co. have funds to complete the purchase, a source close to the deal said.
Saab creditors accept sharp write-off

Saab creditors accept sharp write-off

STOCKHOLM, Sweden, June 17 (UPI) -- Creditors in Sweden voted to accept 25 cents on the dollar for their Saab Automobile debt, vastly improving the bankrupt company's chances of being sold.

Kia, Hyundai strikes are over

SEOUL, Sept. 13 (UPI) -- A two-week strike against South Korean carmaker Kia has ended after workers got a 6.9-percent pay hike.
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President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch