Filed under: Classics , Europe , Saab , Earnings/Financials Despite the popular saying, history cannot simply repeated. So, when faced with the possibility of losing the entire classic collection of cars that had made up the official Saab museum in Trollh
Filed under: Government/Legal , Chrysler , GM , Earnings/Financials 2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist.
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Report: Memo says Bush administration almost pushed GM and Chrysler into earlier bankruptcy
Filed under: Saab , Earnings/Financials It’s a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden’s “other” automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/ Spyker left off, but even if they do, they’ll have a heck of a lot of work on their hands. And that includes rebuilding its presence in North America.
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Report: Saab Cars North American undergoing bankruptcy liquidation
Filed under: Auctions , Etc. , Chevrolet , Ford , GM , Earnings/Financials We record Episode #266 of the Autoblog Podcast tonight, and you can drop us your questions via our Q&A module below. Check out our discussion topics or chime in to help determine what else the crew chats about this evening. Subscribe to the Autoblog Podcast in iTunes if you haven’t already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight
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Submit your questions for Autoblog Podcast #266 LIVE
Filed under: Chrysler , Ford , Earnings/Financials , Canada Ford has announced that it will give both bonuses and merit-based raises to the company’s salaried workers in the United States and Canada for the first time since 2008, according to Reuters . On average, the manufacturer will offer a 2.7 percent salary increase based on individual performance. The company stopped offering the bonuses after the financial crisis of 2009 sent automotive sales into a plunge.
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Report: Ford to pay bonuses and raises, GM and Chrysler decline to do same
Filed under: China , Saab , Middle East The next chapter in the Saab opera has a new protagonist called Brightwell Holdings, a Turkish private equity firm. Brightwell is is perhaps the unknown Turkish entity mentioned last year as having an interest in bankrupt Saab, along with India’s Mahindra & Mahindra . A board member at Brightwell said the company will spend two weeks evaluating Saab’s assets and then will make a bid, “there’s no question.” Turkey doesn’t have a national car company, but it does have plenty of automotive manufacturing expertise since Ford , Fiat and Renault have factories there. Brightwell has said it would keep Saab production in Trollh