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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.
Local Motors XC2V design competition winners announced
Thu, 17 Mar 2011The winners of the Local Motors XC2V design competition have been announced. Created in partnership with the Defense Advanced Research Projects Agency (DARPA), the brief called for individuals to co-create a vehicle body design for two different missions – Combat Reconnaissance and Combat Delivery & Evacuation – based on Local Motors' tubular steel chassis. The goal was to create a fast, lightweight, highly capable vehicle that would be suitable for various field missions.
Saab CEO Jonsson to retire in May; search is under way for a successor
Fri, 25 Mar 2011Saab owner Spyker Cars N.V. is looking for a successor to long-serving Saab CEO Jan Ake Jonsson, who will retire on May 19. Jonsson, 59, played a key role in saving Saab when former owner General Motors Co.