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GM to shut down Saab
Fri, 18 Dec 2009General Motors will shut down Saab after the automaker wasn't able to conclude a deal to sell the brand to Spyker Cars, GM said on Friday. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time," GM Europe president Nick Reilly said in a statement. "In order to maintain operations, Saab needed a quick resolution.
Whitacre says GM is making progress, could be profitable in 2010
Wed, 06 Jan 2010General Motors Co. could be profitable later in 2010 if it can continue sales momentum and economic conditions even out, CEO Ed Whitacre said on Wednesday. “Certainly we're aimed at profitability as quickly as we can get there,” he said.
One Lap of the Web: The Talented Mr. Honda, electric airplanes and Viper-powered Jensens
Mon, 24 Jun 2013We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- A blog post at Hemmings called our attention to this fascinating profile of Soichiro Honda, which was originally printed in the June 16, 1963 edition of the British newspaper The Observer.