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GM sees no potential buyers for Saab
Thu, 08 Jan 2009General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the Swedish brand say. GM put Saab under "strategic review" as part of the long-term viability plan submitted to Congress last month. In a subsequent interview with Automotive News, GM Vice Chairman Bob Lutz said strategic review is "code for we realize they're not working and something needs to be done." GM has not announced a decision to sell the brand, but has quietly shopped it around, the source said.
Buy a Spyker Bond and get a cheap Spyker B6 Venator
Mon, 10 Mar 2014Buy a Spyker Bond and get a cheap B6 Venator (pictured) Last year, Victor Muller seemed to have pulled off something of a coup for Spyker by delivering concepts of the B6 Venator Coupe and Spyder to much acclaim, which looked like a car that could kick-start Spyker’s rather troubled business model. After a foray in to Saab ownership, Victor Muller lost Spyker to CPP, but CPP’s reliance on finance from Victor’s pal Vlad the banker proved to be CPP’s downfall and Victor emerged, somehow, back in control of Spyker. But despite Victor’s legendary ability to schmooze finance from the most unlikely sources, it seems he’s run in to a bit of trouble with financing production of the Venator, so he’s come up with a plan that looks to be a cross between a lottery and crowd funding.
Buick to scrap trim levels
Thu, 06 May 2010Buick will eliminate its “CX,” “CXL” and “CXS” trim levels in the 2012 model year, opting for a few “stair-step” packages instead, one of the brand's top marketers said today. “It isn't befitting a premium brand. No other premium brand has those designations,” said Craig Bierley, Buick-GMC director of advertising and sales promotion.