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Read the GM press release annoucing the sale of Saab to Spyker Cars
Tue, 26 Jan 2010PRESS RELEASE: GM Reaches Agreement to Sell Saab to Spyker DETROIT -- General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances. “General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.
Dacia to roll out all-new range for UK 2012 launch
Fri, 14 May 2010By Tim Pollard Motor Industry 14 May 2010 07:13 Dacia is renewing its entire line-up in time for the planned UK launch in late 2012. The new Duster SUV, driven by CAR Online this month, is only one of a collection of new models that will be ready in time for the British launch. 'The new Logan will be ready in time for the 2012 UK market launch,' said Renault and Dacia's global marketing chief, Stephen Norman.
Former General Motors CEO Robert Stempel dies
Mon, 09 May 2011Former General Motors CEO Robert Stempel, who led the automaker during a turbulent period of recession and restructuring in the early 1990s, has died at the age of 77. "Bob was a very popular chairman with employees, and his many accomplishments as a visionary engineer included leading the development of the catalytic converter, one of the great environmental advancements in auto history," GM said in a statement. "His knowledge of battery development led to the push for the EV1 electric car, and Bob continued to build his expertise in the electrification of the automobile after he left GM in 1992." Stempel died Saturday in Florida, the Detroit News and Detroit Free Press reported Monday night.