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Report: GM Delays Board Meeting, Postpones Saab Decision as a New Bidder Emerges
General Motors has reportedly delayed a board meeting that was to decide the fate of its loss-making Saab unit today, as a new bidder has emerged onto the scene. GM had already postponed Saab’s fate...
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Breaking: GM Hires Firm to Wind-Down Saab, While Continuing to Evaluate...
The future of Saab just became a little more certain today. Or did it? General Motors has released in a statement that it has hired on AlixPartners to oversea the wind-down of its loss-making Saab...
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Breaking: Saab Shutting Down Says General Motors CEO
It’s been said several times before, but GM Chairman and CEO Ed Whitacre today told reporters that the company is shutting down its Swedish Saab unit. “We’re closing down Saab,” he said. “We’re...
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Report: Genii-Ecclestone to Offer $1 For Saab
What’s Swedish automaker Saab worth? According to some reports, just $1. Recent rumors have suggested that a partnership between Genii Capital, Formula One boss Bernie Ecclestone and Swedish...
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Lotus Appeals F1 Name Ruling
What season of F1 would be complete without the off-track drama? The complex battle between racing teams Group Lotus and Team Lotus rages on, indicating that the previous ruling for the rights to the...
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Proton May Purchase Team Lotus F1
For the first two races of the 2012 Formula 1 season, Team Lotus has received a mixed bag of results. Formula 1 World Champion Kimi Raikkonen finished both races in the points despite mediocre...
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Lotus Exits F1, But Lotus Name Remains
Despite terminating its title sponsorship deal with Group Lotus, Lotus is committed to keeping its name in Formula 1 for the imminent feature. Confused? You should be. Group Lotus was recently sold by...
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