November 24, 2009
For General Motors, bad luck really does come in threes. Today GM announced that Swedish supercar maker Koenigsegg Group AB has pulled out of plan to acquire its bankrupt Saab unit, making it GM's third cancelled brand sale this year, after Saturn and Opel.
This doesn't bode well for Saab: After the Saturn sale fell through, GM decided to kill the brand. "We're obviously very disappointed," said GM President and CEO Fritz Henderson.
No formal word yet on what will happen to Saab. GM will announce plans within a few days; Edmunds' AutoObserver is actively staying on top of the situation.
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- Joanne Helperin November 24, 2009, 10:13 AM
- Categories:
- Automotive Consumer News, General Motors, Saab
June 19, 2009
The latest highlights from Edmunds.com and its blogosphere.
Inside Line News: Glassroof 'Stang is Back for 2010
C'mon, we can't just talk about all doom and gloom in the auto industry these days. Brighten up your summer a bit and go check out the glass roof option on the new 2010 Mustang. As close as you can get to the joy of open-air motoring without a convertible top, the UV resistant glass roof is available across the Mustang lineup.
Auto Observer: GM on the Fritz
General Motors CEO Fritz Henderson dishes about all things GM in this wide ranging web-chat that covers everything from the latest bankruptcy news to executive pay, clunkers, and Saab's next chapter.
Inside Line: Subaru's Electric Stella
Whether we'll be ready or not, electric cars are coming. IL's man in Japan Peter Lyon takes a drive in Subaru's upcoming domestic-market Stella, and chats about the issues that will dominate electric car adoption: cost, cruising range, and top speed.
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- Paul Seredynski June 19, 2009, 1:00 PM
- Categories:
- Automotive Consumer News, Car Buying, Ford, Hybrids and Alternative Fuels, Saab
- Technorati Tags:
- Fritz Henderson, Glassroof Mustang, Saab future, Subaru Stella
June 1, 2009
In a series of press conferences today, President Obama and GM's CEO Fritz Henderson released details on GM's earlier filing for Chapter 11
bankruptcy protection.
Saying, "give us another chance," Henderson promised that the bankruptcy filing would be "the start of a new and better GM." He predicted that the restructuring process would take from 60 to 90 days. GM has launched its own site to help keep the public informed of its latest efforts and promotions.
Henderson was preceded by President Barack Obama who essentially said that Chrysler's apparent reemergence from bankruptcy bodes well for GM's long term success. He noted that after entering Chapter 11, Chrysler sold more cars in May than in April. However, he didn't mention that most of those sales were at fire sale prices.
Continue reading...
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- Paul Seredynski June 1, 2009, 12:00 PM
- Categories:
- Automotive Consumer News, Car Advice Articles, Car Buying, Car Loans and Financing, Car Maintenance, Car Warranty, Chevrolet, GMC, Pontiac, Saab, Saturn, Vehicle Incentives and Rebates
- Technorati Tags:
- Chrysler, closing dealerships, Fritz Henderson, GM Bankruptcy, Hummer, parts and service, Pontiac, Saturn, warranties
May 1, 2009
You'd have to live way off the grid to not know that Chrysler just declared bankruptcy, and that Pontiac, Saturn, Saab and Hummer are in their death throes. But where does it leave consumers?
As Phil Reed noted yesterday, and as we detailed in this article, the immediate impact on consumers should be limited (see the above links for details if you're still worried, but you needn't be unless you work for one of those companies or their dealerships).
Yes, it's a shock to realize that your car's brand may cease to exist -- or be reincarnated as something you don't recognize. But will that change the way you feel about your car?
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- Joanne Helperin May 1, 2009, 11:00 AM
- Categories:
- Automotive Consumer News, Car Advice Articles, Chrysler, Dodge, FAQ Friday, Jeep, Pontiac, Saab, Saturn
- Technorati Tags:
- Bankrupt Brands, Chrysler, Hummer, Pontiac, Saab, Saturn
