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
Swedish Automobile is assessing a potential sale for their sports car unit, Spyker Cars while new hope has emerged for the ailing Swedish brand, Saab, as Chinese group Zhejiang Youngman Lotus Automobile indicates a fresh bid could arrive next week.
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New Youngman offer for Saab coming – Spyker for sale, again
Filed under: Performance , Europe , Hirings/Firings/Layoffs , Plants/Manufacturing , Saab , Spyker , Luxury Swedish Automobile NV (‘Swan’) continues to look to sell Dutch supercar manufacturer Spyker in the wake of the Saab bankruptcy. Swan said it will carry on with the sale despite the fact that the company’s supervisory board has just abandoned the crippled enterprise. According to The Washington Post , Swan announced it had begun negotiations to sell Spyker last September to a private equity firm for $41 million.
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Report: Spyker considers closure as Saab parent Swedish Auto loses board members
Filed under: Etc. , Saab , Spyker We record Episode #261 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 #261 LIVE
Filed under: Motorsports , Hirings/Firings/Layoffs When you’re starting up a new venture – really any new venture, but especially a new F1 team – what you really need is some experience on your side. And if you don’t have it, you hire it, and you stick with it until you’ve gotten where you need to go. Someone has apparently forgotten to tell that to the people at HRT .
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Official: Hispania Racing Team changes direction in dumping Colin Kolles
Filed under: Government/Legal , Saab , Earnings/Financials , Spyker Swedish Automobile just can’t seem to catch a break. Its main brand, Saab , has received government protection from creditors , looked for loans and even secured a tentative deal with Chinese automakers , but even if it manages sell the Griffin marque, Swedish Automobile may still end up getting liquidated. Bloomberg reports that Saab parent Swedish Automobile’s many dealings would raise 132 million euros ($181 million U.S.) – if everything goes according to plan. That’s a big if, and it still doesn’t outweigh the 136.5 million euros ($188M) that Swedish Automobile reportedly owes its creditors
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Report: Swedish Automobile may be forced to liquidate even if Saab sale goes through