Report: China’s Youngman to wage new bid for Saab

Filed under: China , Europe , GM , Saab , Earnings/Financials Ladies and gentlemen, those of you preparing to leave the theater because you thought the Saab opera was over, well, take a seat. After sinking a fair bit of money into the troubled Swedish automaker while chasing the deal, Youngman isn’t ready to walk away. According to Reuters, the Chinese firm is ready to make a new bid for the Swedish brand as soon as next week, and it could be worth more than a billion Euros.

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Report: China’s Youngman to wage new bid for Saab

Report: Saab cars headed to crusher, Trollhättan museum selling off 120 cars

Filed under: Europe , Government/Legal , Plants/Manufacturing , Saab The future hopes of Saab seem to have been crushed under the weight of insolvency, and that’s going to translate into reality as about 100 Saab cars lingering on the production lines are cubed up into scrap metal croutons. Unconfirmed rumors suggest that the vehicular carnage will ensue over the next 48 hours as the death rattle from Trollh

First look: 2013 Cadillac ATS

First look: 2013 Cadillac ATS Patience and persistence count for a lot when you’re shaping brands. Patience and persistence count for a lot when you’re shaping brands. BMW is probably the best example, having evolved, model by model, from a German also-ran that built a weird minicar to the undisputed crafters of Ultimate Driving Machines.

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First look: 2013 Cadillac ATS

Report: Saab USA still looking for ways to honor warranties

Filed under: Car Buying , Government/Legal , Saab , Earnings/Financials As previously reported , Saab has announced that it is ceasing all warranty coverage on its vehicles in North America in the wake of its official bankruptcy in its home country of Sweden. That’s bad news for anyone who’s purchased a vehicle from Saab here in the States expecting to receive a few years of warranty coverage, but Saab Cars USA CEO Tim Colbeck is hoping to offer a solution. Speaking to The Detroit Bureau , he said: “We’re committed to develop a way to handle warranties for all owners of 2010 and 2011 Saab models.

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Report: Saab USA still looking for ways to honor warranties

Official: Saab suspends all warranty coverage, cars to be sold as-is

Filed under: Car Buying , Government/Legal , Saab According to a leaked memo to Saab dealers obtained by Autoblog, the bankrupt automaker is ceasing all warranty coverage on its vehicles in North America. The memo was sent out Monday following a Swedish court’s approval of Saab’s bankruptcy petition and – as we suspected – all new vehicles will be sold “as is.” The North American branch of Saab also is suspending the payment of new car, powertrain, emissions and parts warranties, along with recall campaigns, certified pre-owned coverage and no-charge maintenance programs. There’s no telling if the suspension is a permanent action or simply a temporary one -Saab will likely need to sift through its bankruptcy proceedings before that picture becomes any clearer for consumers. You can read the full text of the memo after the break

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Official: Saab suspends all warranty coverage, cars to be sold as-is