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UPDATE: Spyker extends proposal to buy Saab from GM 'until further notice'

Saab loyalists can keep their candles burning a wee bit longer as supercar manufacturer Spyker has extended the deadline of its final-final offer for the Swedish brand "until further notice." Spyker says in an all-too-brief statement (which you'll find after the jump) that it has been in contact with General Motors today following the Dutch automaker's announcement that it had that submitted a new offer that addressed 11 obstacles that had apparently previously stalled negotiations. The renewed offer was set to expire at 5pm Eastern ... Read more →

REPORT: Spyker stock soars on word of Saab sale reconsideration Jonny Lieberman

Here's the skinny: Saab isn't totally dead yet. As the weekend showed, there's (a little) hope for both Saab and its Dutch suitor, Spyker. As our man Ramsey laid out yesterday, Spyker submitted a ...

BREAKING: Ex-Microsoft CFO Chris Liddell named CFO of General Motors Damon Lavrinc

In the search for an auto industry outside, General Motors has announced that Chris Liddell will become the automaker's vice chairman and CFO in 2010. Set to replace Ray G. Young -- a 20-year ...

Spyker Tries Again: Submits 11th-hour, 11-point bid for Saab Jonathon Ramsey

Spyker's motto, written on all of its cars in Latin, is "Nulla tenaci invia est via." Translation: "For the tenacious, no road is impassable." And so here the Dutch company is, tenaciously chasing ...

REPORT: GM to show Chevy Orlando-based GMC Granite and hi-po Buick Regal in Detroit Frank Filipponio

It seems as though it's just about impossible to keep an embargo in place these days. A Canadian outlet just spilled the beans on a couple of GM reveals set for Detroit next month. They say they ...

REPORT: Swedish government to meet with GM officials - could Saab still be saved? 2 days ago on Autoblog

Less than a day after General Motors officially announced Saab's euthanization, it looks like the storied Swedish brand might still have the faintest whisper of a pulse. Motor Trend is reporting that there are rumors swirling that the Swedish government will hold emergency meetings this weekend ...

Obama bill signing enacts arbitration process for rejected GM, Chrysler dealers 2 days ago on Autoblog

Word on the street is that the Auto Task Force was pushing hard for General Motors and Chrysler to to dump dealerships during bankruptcy. In all, some 2,150 dealers got the axe, reportedly saving the struggling Detroit automakers big bucks while helping to ensure that remaining dealers were ...

REPORT: GM to speed up development of vehicles delayed by bankruptcy 3 days ago on Autoblog

Prior to declaring bankruptcy, General Motors began delaying new products in an effort to conserve cash. The news was disappointing to enthusiasts and brand loyalists, but with its cash piles dwindling, the General didn't have many alternatives. Post-bankruptcy, GM finds itself with $40 billion ...

Autoline on Autoblog with John McElroy 3 days ago on Autoblog

GM COULD REPAY EVERY SINGLE PENNY Even though General Motors surprised everyone when it announced it will repay its government loans by next June, a lot of people are still unhappy. What about the other $50 billion we poured into the company, they demand to know? A lot of politicians and not a ...

GM begins repayment to U.S. and Canadian governments 3 days ago on Autoblog

Good news, the check is in the mail! General Motors issued a (very) brief press release this afternoon stating that the automaker had delivered on its promise to issue its first reimbursement checks to the U.S. and Canadian governments by the end of the year. GM sent $1 billion to the feds and ...

Christmas List 2010: Rattner's book to debut in time for next Christmas 3 days ago on Autoblog

Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what's destined ...

BREAKING: Swedish Patient Succumbs - Deal for Saab is dead on the table, GM to wind down brand 3 days ago on Autoblog

After a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese, the enigmatic brand known as Saab is dead. In a press release issued this morning, General Motors announced that the "intended sale of Saab Automobile AB would not be ...

REPORT: Michigan gives GM tax break but automaker to still halve staff at RenCen 3 days ago on Autoblog

There are roughly 4,000 GM employees working at the company's Renaissance Center headquarters in Detroit. During the restructuring, GM has been working out how many employees to let go and where to put the remainder, and that, for the state of Michigan, meant another few thousand workers ...

Sweeney takes over Buick/GMC general manager duties 3 days ago on Autoblog

For the third time in two months, General Motors has a new Buick/GMC general manager, this time hiring longtime employee Brian Sweeney to the high-profile post. Sweeney gets the job one week after Michael RIchards quit after just nine days on the job. Sweeney gets the general manager post ...

Bowling for Michigan: Laid-off GM worker wins PBA championship 5 days ago on Autoblog

How cool is this? On minute Tom Smallwood is reeling after losing a (once) steady production job at General Motors' Truck Plant in Pontiac, MI, and the next minute he takes the PBA championship. In a real-life event that mimics some of the great tales in the history of underdog turned champion, ...

REPORT: GM-SAIC pondering Tata Nano fighter? 6 days ago on Autoblog

Though the minuscule Tata Nano hasn't even been on the market for a complete year, the impact it's had on the automotive world may be exactly inverse to its size and price. In other words, it's had a huge effect, proving to the world that it's possible to build a business plan around selling ...

REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab 6 days ago on Autoblog

It's now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company bidding for the Swedish automaker -- Spyker -- which has yet to turn a profit. GM Chairman and interim CEO ...

VIDEO: GM commissions Chevrolet Volt dance to go with song. Yes, really. 7 days ago on Autoblog

"E for electricity, V for Chevy Volt and me..." Catchy little diddly, sure. But we were mostly willing to let the Chevrolet Volt song make the deep, dark trek into obscurity with nary another mention. That is, until today. What made us change our tune, you ask? Boy, are you in for a treat. ...

REPORT: Despite selling off old bits to BAIC, Saab brand still in search of buyer 7 days ago on Autoblog

Here's a little bit more on the salvation/debacle of Saab. First of all, it should be pointed out that after our last report about Holland's Spyker trying to buy Saab, the freaks lovely people over at Saabs United pointed out some gaping holes in our reporting an inconsistency or two with the ...

Fed may reconsider $500k salary cap for new GM CEO, limit pay for 2nd tier execs 7 days ago on Autoblog

It's official: pay czar Kenneth Feinberg's executive compensation rules for companies yet to return their bailout funds means a cap of $500K for second-tier executives. Importantly, that number represents the total compensation allowed, but only 45 percent of it -- $225,000, can be in cold, hard ...

Mulally and Whitacre gab on phone, what was said? 10 days ago on Autoblog

Word has it that Ford CEO Alan Mulally and the new interim CEO of General Motors, Ed Whitacre, had a phone conversation this week. This type of across-the-aisle conversation is not unusual, as Mulally himself placed a call to each of his competitors when he arrived in D-town from Boeing three ...

Buick-GMC general manager Michael Richards leaves after just nine days on the job 11 days ago on Autoblog

Nine days ago, we posted about Michael Richards getting Susan Docherty's old post at General Motors, brand manager for Buick-GMC. Today, he walked away. According to The Detroit News, the official (yet still unofficial) reason is that Richards' previous employer – Trinity Automotive in ...

REPORT: Fed predicts it will lose $30B on auto industry bailout 11 days ago on Autoblog

2009 isn't quite over yet, but we're pretty sure most automakers would rather forget that it ever happened. And while General Motors and Chrysler suffered the pain and humiliation of bankruptcy and workers lost thousands of jobs and many plants and dealerships closed, the good news is that the ...

REPORT: GM, Ford to dramatically increase Q1 production versus year ago numbers 12 days ago on Autoblog

The first quarter of 2009 could best be described as the worst of times in the auto industry. With the full weight of the global financial collapse weighing down on the industry, sales dropped like a stone and production screeched to a halt. General Motors and Ford produced only 371,000 and ...

REPORT: Spencer Stuart tasked with finding new GM CEO 13 days ago on Autoblog

Headhunting firm Spencer Stuart is without doubt on the speed-dial lists of bailed-out firms, having placed chairmen, CEOs, Chrysler Group LLC, and board members for AIG, Citigroup Inc., Freddie Mac, Fannie Mae, and GMAC. Then they flew over General Motors so that Ed Whitacre, Jr. could heli-drop ...

Jaguar, Mercury tops in J.D. Power 2009 Sales Satisfaction study 13 days ago on Autoblog

J.D. Power has released its 2009 Sales Satisfaction Index, and 29 of 38 brands improved their standing versus last year's numbers. The industry watchdogs at Power say that sales people improved the most over 2008, which isn't surprising given the fact that fewer vehicles are flying off dealer ...

REPORT: BAIC only interested in parts of Saab, "White Knight" looking increasingly unlikely 13 days ago on Autoblog

It seemed pretty obvious when we first heard that China's BAIC wanted Saab's tooling that it didn't want anything to do with purchasing the Swedish automaker's full monty. If BAIC wanted to be in the Saab business, clearly, it would have made overtures for more than just the retired tooling from ...

Dodge Challenger tops Consumer Reports owner satisfaction survey 14 days ago on Autoblog

Consumer Reports has surveyed 380,000 subscribers to rank the most satisfied new car owners and a newcomer came in and dethroned the Toyota Prius. An amazing 92 percent of V8-powered Dodge Challenger owners said that they would definitely buy another Mopar pony car if they had the chance to do ...

REPORT: Minicar, EV on the way from Opel 14 days ago on Autoblog

General Motors has declared that Opel needs a minicar, a tiny little thing that can compete with runabouts like the Ford Ka and Peugeot 107. That's a fine sentiment here at the starting line, but to get to the finish GM will need to keep Opel running smoothly, get its Spark firing quickly (if ...

GM buys remaining stake in CAMI plant from Suzuki 14 days ago on Autoblog

It's safe to say that 2009 has been the most difficult year in the 101-year history of General Motors. But while most of the news coming out of GM has been tough to swallow, the Detroit, MI-based automaker has had one very good piece of news: its new products are faring well in the marketplace. ...

GM investing $336 million in Detroit plant to build Chevrolet Volt 14 days ago on Autoblog

Production of the 2011 Chevrolet Volt marks an important transition for General Motors. It's the first plug-in electric drive vehicle that the automaker is building for sale to anyone that wants one. No more of the limited lease-only deals that were done with the EV1 a decade ago. To demonstrate ...

REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab? 15 days ago on Autoblog

Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be gearing up for its own home-grown expansion plans, with an eye on ramping up production and putting ...

GM responds to more Camaro transmission failure talk on enthusiast forum 17 days ago on Autoblog

Back in July, we first told you about a serious driveline issue that was cropping up in Chevrolet's new-for-2010 Camaro. In specific, output shafts were failing on V8 manual transmission SS models, a malady that was generally tied to hard launches or use of the car's launch control system. The ...

Here's the Plan: GM reveals how it will deal with shuttered dealers' complaints 17 days ago on Autoblog

Back in May, General Motors announced plans to close down a large portion of its dealership network. Since then, a number of those franchisees have lodged complaints to both the automaker itself and appropriate policymakers, leading to possible legislation on how GM is allowed to handle the ...

BREAKING: Whitacre to shakeup GM management, put Lutz in product planning [UPDATE: Confirmed] 17 days ago on Autoblog

Having just been appointed interim CEO at General Motors earlier this week, ex-AT&T man Ed Whitacre isn't wasting any time in exercising his newfound authority. According to The Wall Street Journal, Whitacre is to announce a number of management changes this morning, including moving Vice ...

REPORT: GM selling control of Chinese joint venture to SAIC, half of India operations 17 days ago on Autoblog

It has been a busy week at General Motors. The week started off with CEO Fritz Henderson's abrupt resignation, then executives converged on the LA Auto Show where Bob Lutz was the keynote speaker and then the U.S. market Chevy Cruze was revealed. Now, the General is reportedly deep in negotiations ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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