saab automobile

After six decades of building cars renowned for their teardrop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy.

Saab Automobile filed for bankruptcy on Monday after attempts by Chinese investors to take over the loss-making brand were blocked by previous owner General Motors Co.

General Motors Co. said Tuesday it has reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars NV.

In a final attempt to rescue Saab Automobile AB, Dutch auto maker Spyker Cars on Sunday submitted a new offer to buy the Swedish brand from General Motors Co.

In a final attempt to rescue Saab Automobile AB, Dutch auto maker Spyker Cars on Sunday submitted a new offer to buy the Swedish brand from General Motors Co.

A person familiar with the negotiations says General Motors Corp. is in talks to sell parts of Saab Automobile's technology to Beijing Automotive Industry Holdings and the rest of the company to a second buyer.

China's Beijing Automotive Industry Holdings has struck a preliminary deal to become a minority stakeholder in Koenigsegg Group AB's takeover of Saab Automobile from General Motors Corp.

Sweden’s Koenigsegg and General Motors said that they had made a stock-purchase agreement for the niche sports car maker to buy Saab Automobile.

General Motors announced that it had reached a tentative agreement to sell its Swedish unit, Saab Automobile, to a consortium led by the sports car maker Koenigsegg Automotive.

Sweden's Koenigsegg, maker of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.