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GM board will again delay decision on Opel's future, report says

General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.

CAR interviews Saab's bosses: Victor Muller, Jan Åke Jonsson (2010)

Victor Muller (left) and Jan Åke Jonsson: the new men running Saab By Tim Pollard Motor Industry 15 March 2010 07:00 CAR recently interviewed the two men running newly independent Saab: Jan Åke Jonsson, Saab's chief executive officer who's carrying on running the Trollhattan business, and Victor Muller, the entrepreneurial CEO of sports car maker Spyker. In a frank, half-hour interview, Jonsson and Muller talk about their plans for Saab, future models and what went wrong under GM. JAJ is Jan Åke Jonsson and VM is Victor Muller.CAR: Congratulations on the takeover of Saab.

GM, Koenigsegg sign deal on Saab sale

General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.