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GM has officially announced it will be discontinuing the Saab brand. After failed talks to sell the brand to sports car maker Koenigsegg, and more recently with Spyker Cars, there was little hope for the loss-producing brand. Both Saab and GM looked for a quick resolution, which ultimately led to an agreement with China’s Beijing [...]
Since the collapse of the deal between Koenigsegg and General Motors, the future of the Saab brand seemed to be in serious jeopardy. However, in a statement released this afternoon, General Motors confirmed that there are other parties interested in the Swedish automaker. Unfortunately, GM’s recent financial constraints have put a tight timetable on these [...]
GM has had its hands full lately. As the automaker plans to get rid of or minimize a number of its brands, including Saturn, Saab, Hummer, and Pontiac, GM has officially announced that it will be spinning off Opel into its own brand.
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