Spyker submits offer on Saab

Spyker Cars, of The Netherlands, today confirmed it has made a revised offer to General Motors for the acquisition of Saab Automobile AB.

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Saab: The end.

A short statement from Spyker signals the end of the road for Saab. The General Motors-owned Swedish manufacturer is now expected to close its doors after 71 years.

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Koenigsegg moves closer to take Saab

General Motors and Koenigsegg have reached an understanding that could pave the way for Saab to return to secure Swedish ownership.

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GM is largest-ever industrial US bankruptcy

General Motors has filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code, making it the largest-ever industrial bankruptcy in the USA.
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GM Europe continues as US operations bankrupt

GM Europe has issued a press statement to make it clear that the European operations of the car giant are continuing as normal and are not included in the moves for bankruptcy protection by the US parent. The statement also confirms that GM Europe has secured bridge financing from the German government and an MOU to partner with Magna International Inc.

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GM ready to offload Hummer

General Motors, which yesterday filed for bankruptcy protection, says it has reached an understanding with a buyer to sell its Hummer brand. The sale is not expected to take place until the third quarter of this year and is subject to a number of conditions.

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America's motor giants face uncertain future

Leaders of America’s big three motor giants – GM, Chrysler and Ford – headed to Washington seeking a rescue package from the US government.

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