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Saab appoints North American administrator, prospects darken
Wed, 21 Dec 2011Saab has appointed an outside administrator to oversee its business in North America and the potential wind-down or sale of the company if its parent operations can’t emerge from bankruptcy. The move was announced on Wednesday afternoon by Saab North American COO Tim Holbeck as the company’s future remains uncertain. McTevia & Associates, a management and financial-consulting service with offices in suburban Detroit and Florida, is the administrator.
Chrysler, CAW reach tentative contract deal
Fri, 24 Apr 2009The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.
The dog ate my Aston Martin
Wed, 05 Feb 2014A 42-year-old Brit gave his dog away after the border collie-spaniel mix chewed the fiberglass fender of his Aston Martin DB9 Volante while he was away from home, the Daily Mail reports. Royston Grimstead, from Somerset, England, told the Mail he was already contemplating giving his dog, Luce, away because she didn't get along with his other dog. Then he came home to find $4,800 in damage to his Aston.