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Saab 1947-2009: GM 'will close Saab'
Fri, 18 Dec 2009By Tim Pollard Motor Industry 18 December 2009 20:33 It's a sad day for Saabphiles, as GM announced – one week to the day before Christmas – that it has failed to find a buyer for Saab. It will begin winding down the Saab operation immediately. There had been a glimmer hope for Saab earlier this month, as supercar maker Spyker stepped in as a possible suitor after similarly small sports car specialist Koenigsegg walked away from a potential deal in November 2009.But GM admitted it could not viably sell Saab to Spyker – and no other bidders were forthcoming.
SEAT IBE EV Concept at Paris
Thu, 30 Sep 2010SEAT IBE Paris Concept How good’s your memory? Does the SEAT IBE Concept ring a bell? It should, because SEAT rolled out the IBE at the last major European Motor Show back in March at Geneva.
Lotus owner Proton tries to quell sale rumours
Wed, 01 Feb 2012The Malaysian owners of Lotus have taken the unusual step of quashing rumours circulating of an impending sale of its British sports car division. Several newspaper articles have suggested that the new owners of Proton may divest its loss-making Lotus subsidiary. The ownership structure of Proton has changed in recent weeks, after the Khazanah Nasional Berhad sold its entire stake in Proton to DRB-Hicom.