The Truth About Cars » Chapter 11 http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 05 May 2016 22:06:12 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 TTAC News Round-up: Volkswagen Finished Second in China, Big Trouble for Takata, and Apple’s Longtime Car Guy Gone http://www.thetruthaboutcars.com/2016/01/ttac-news-round-up-volkswagen-finished-second-in-china-big-trouble-for-takata-and-apples-longtime-car-guy-gone/ http://www.thetruthaboutcars.com/2016/01/ttac-news-round-up-volkswagen-finished-second-in-china-big-trouble-for-takata-and-apples-longtime-car-guy-gone/#comments Sat, 23 Jan 2016 15:58:44 +0000 http://www.thetruthaboutcars.com/?p=1271897 Volkswagen’s chief in China says they’re probably not retaking the crown from General Motors there anytime soon. That, Apple’s lead car guy is gone, Takata’s in trouble and more … after the break! Volkswagen’s China chief: ‘Volume isn’t everything’ Volkswagen’s chief in China said the automaker would have a good year in China and deflected […]

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Volkswagen’s chief in China says they’re probably not retaking the crown from General Motors there anytime soon. That, Apple’s lead car guy is gone, Takata’s in trouble and more … after the break! Volkswagen’s China chief: ‘Volume isn’t everything’ Volkswagen’s chief in China said the automaker would have a good year in China and deflected […]

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Spyker Emerges from Bankruptcy Charged with Enthusiasm http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/ http://www.thetruthaboutcars.com/2015/08/spyker-emerges-from-bankruptcy-charged-with-enthusiasm/#comments Sat, 01 Aug 2015 18:00:20 +0000 http://www.thetruthaboutcars.com/?p=1131465 Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

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Spyker — the former Saab owner, F1 contender, and builder of aircraft-inspired supercars — has emerged from moratorium and plans to merge with Portland, Oregon electric aircraft manufacturer Volta Volare, said the company in a release on Thursday. As part of Spyker’s future plans, electrification seems to be the common theme, whether it be for […]

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Dealers Still Waiting For Replacements, DeGiorgio Linked To Original Design And Upgrade http://www.thetruthaboutcars.com/2014/04/dealers-still-waiting-for-replacements-degiorgio-linked-to-original-design-and-upgrade/ http://www.thetruthaboutcars.com/2014/04/dealers-still-waiting-for-replacements-degiorgio-linked-to-original-design-and-upgrade/#comments Mon, 14 Apr 2014 14:00:51 +0000 http://www.thetruthaboutcars.com/?p=797362 Automotive News reports dealers are still waiting for the ignition switches meant to replace the out-of-spec switch at the center of the ongoing recall crisis at General Motors. The switch was to have arrived at dealerships beginning this week, yet most dealers are in a “holding pattern” on deliveries. Once the parts do arrive, service […]

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Automotive News reports dealers are still waiting for the ignition switches meant to replace the out-of-spec switch at the center of the ongoing recall crisis at General Motors. The switch was to have arrived at dealerships beginning this week, yet most dealers are in a “holding pattern” on deliveries. Once the parts do arrive, service […]

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NHTSA Asked To Investigate Impala Airbags, GM May Compensate Recall Victims http://www.thetruthaboutcars.com/2014/04/nhtsa-asked-to-investigate-impala-airbags-gm-may-compensate-recall-victims/ http://www.thetruthaboutcars.com/2014/04/nhtsa-asked-to-investigate-impala-airbags-gm-may-compensate-recall-victims/#comments Tue, 08 Apr 2014 11:59:32 +0000 http://www.thetruthaboutcars.com/?p=790113 Bloomberg reports the Center for Auto Safety, citing a government petition from former General Motors researcher Donald Friedman, is asking the National Highway Traffic Safety Administration to open a defect investigation into 2003 – 2010 Chevrolet Impalas over a glitch in the car’s software that could “misread a passenger’s weight,” preventing frontal airbags from deploying. […]

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Bloomberg reports the Center for Auto Safety, citing a government petition from former General Motors researcher Donald Friedman, is asking the National Highway Traffic Safety Administration to open a defect investigation into 2003 – 2010 Chevrolet Impalas over a glitch in the car’s software that could “misread a passenger’s weight,” preventing frontal airbags from deploying. […]

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GM Recalls 1.3 Million Additional Vehicles As Barra Heads To D.C. http://www.thetruthaboutcars.com/2014/04/gm-recalls-1-3-million-additional-vehicles-as-barra-heads-to-d-c/ http://www.thetruthaboutcars.com/2014/04/gm-recalls-1-3-million-additional-vehicles-as-barra-heads-to-d-c/#comments Tue, 01 Apr 2014 10:07:19 +0000 http://www.thetruthaboutcars.com/?p=785569 The Detroit News reports General Motors CEO Mary Barra boarded a commercial flight from Detroit to Washington, D.C. Sunday in order to prepare for two separate hearings before Congress regarding her company’s handling of the ongoing 2014 recall crisis. While in the nation’s capital, she also met with 25 family members whose relatives were killed […]

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The Detroit News reports General Motors CEO Mary Barra boarded a commercial flight from Detroit to Washington, D.C. Sunday in order to prepare for two separate hearings before Congress regarding her company’s handling of the ongoing 2014 recall crisis. While in the nation’s capital, she also met with 25 family members whose relatives were killed […]

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Congressional Hearings Loom As Switch Swap Raises Questions At GM http://www.thetruthaboutcars.com/2014/03/congressional-hearings-loom-as-switch-swap-raises-questions-at-gm/ http://www.thetruthaboutcars.com/2014/03/congressional-hearings-loom-as-switch-swap-raises-questions-at-gm/#comments Tue, 25 Mar 2014 13:30:40 +0000 http://www.thetruthaboutcars.com/?p=780281 General Motors is facing two separate lawsuits related to failures of the ignition switch recalled last month, while also preparing to bring their case before the U.S. House Energy and Commerce Committee next month, led by a representative who honed his skills upon Firestone. Meanwhile, reports of a quiet swap between the defective ignition switch […]

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General Motors is facing two separate lawsuits related to failures of the ignition switch recalled last month, while also preparing to bring their case before the U.S. House Energy and Commerce Committee next month, led by a representative who honed his skills upon Firestone. Meanwhile, reports of a quiet swap between the defective ignition switch […]

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Delaware Bankruptcy Judge Approves Sale Of Fisker Automotive to China’s Wanxiang http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/ http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/#comments Tue, 18 Feb 2014 17:50:27 +0000 http://www.thetruthaboutcars.com/?p=745993 Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Fisker Files For Chapter 11 Bankruptcy http://www.thetruthaboutcars.com/2013/11/fisker-files-for-chapter-11-bankruptcy/ http://www.thetruthaboutcars.com/2013/11/fisker-files-for-chapter-11-bankruptcy/#comments Mon, 25 Nov 2013 05:51:47 +0000 http://www.thetruthaboutcars.com/?p=663138 What do Justin Bieber, Ashton Kutcher and Al Gore all have in common? They may soon — baring a miracle — become the proud owners of the first orphan cars made in the 21st century for well-moneyed consumers by an automaker born in the 21st century, as Fisker Automotive has filed for Chapter 11 bankruptcy […]

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What do Justin Bieber, Ashton Kutcher and Al Gore all have in common? They may soon — baring a miracle — become the proud owners of the first orphan cars made in the 21st century for well-moneyed consumers by an automaker born in the 21st century, as Fisker Automotive has filed for Chapter 11 bankruptcy […]

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Fitch: GM Not To Go Bust Anytime Soon http://www.thetruthaboutcars.com/2012/08/fitch-gm-not-to-go-bust-anytime-soon/ http://www.thetruthaboutcars.com/2012/08/fitch-gm-not-to-go-bust-anytime-soon/#comments Fri, 24 Aug 2012 19:38:37 +0000 http://www.thetruthaboutcars.com/?p=457831 While there is renewed chatter about a renewed GM bankruptcy, ratings agency Fitch thinks otherwise. The agency that assesses the chances of defaults by companies and countries raised GM’s default rating from BB to BB+, which is once notch below investment grade. In a statement distributed via Reuters, Fitch says the better outlook reflects GM’s […]

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While there is renewed chatter about a renewed GM bankruptcy, ratings agency Fitch thinks otherwise. The agency that assesses the chances of defaults by companies and countries raised GM’s default rating from BB to BB+, which is once notch below investment grade. In a statement distributed via Reuters, Fitch says the better outlook reflects GM’s […]

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Hot Off The Presses: Youngman Might Also Sue GM Over Saab http://www.thetruthaboutcars.com/2012/08/hot-off-the-presses-youngman-might-also-sue-gm-over-saab/ http://www.thetruthaboutcars.com/2012/08/hot-off-the-presses-youngman-might-also-sue-gm-over-saab/#comments Tue, 07 Aug 2012 19:46:49 +0000 http://www.thetruthaboutcars.com/?p=455818 Bringing suit against GM for not letting Saab live another day could be turning into a popular sport. Lars Holmqvist, former head of Europe’s automotive supplier body CLEPA, and as such an insider when it comes to the latest Saab dirt, says that spurned Youngman of China is also thinking of suing GM. Yesterday, Victor […]

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Bringing suit against GM for not letting Saab live another day could be turning into a popular sport. Lars Holmqvist, former head of Europe’s automotive supplier body CLEPA, and as such an insider when it comes to the latest Saab dirt, says that spurned Youngman of China is also thinking of suing GM. Yesterday, Victor […]

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General Motors Canada Pension Plan Faces $2.2 Billion Deficit http://www.thetruthaboutcars.com/2012/02/general-motors-canada-pension-plan-faces-2-2-billion-deficit/ http://www.thetruthaboutcars.com/2012/02/general-motors-canada-pension-plan-faces-2-2-billion-deficit/#comments Wed, 22 Feb 2012 20:02:27 +0000 http://www.thetruthaboutcars.com/?p=432033 Even after Canadian taxpayers contributed $3.2 billion (Canadian) to General Motors’ pension fund after GM’s bankruptcy proceedings in 2009, the company’s pension fund for unionized employees is still short $2.2 billion – a fair amount for a plan that’s responsible for 30,000 employees. The pension plan deficit was a key factor in GM’s pitch to […]

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Even after Canadian taxpayers contributed $3.2 billion (Canadian) to General Motors’ pension fund after GM’s bankruptcy proceedings in 2009, the company’s pension fund for unionized employees is still short $2.2 billion – a fair amount for a plan that’s responsible for 30,000 employees. The pension plan deficit was a key factor in GM’s pitch to […]

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Saab NA Chapter 11: It’s A Matter Of Perspective http://www.thetruthaboutcars.com/2012/01/saab-na-chapter-11-its-a-matter-of-perspective/ http://www.thetruthaboutcars.com/2012/01/saab-na-chapter-11-its-a-matter-of-perspective/#comments Tue, 31 Jan 2012 13:00:42 +0000 http://www.thetruthaboutcars.com/?p=428737 A group of 41 Saab U.S. dealers today petitioned a U.S. Bankruptcy Court to put Saab Cars North America into involuntary Chapter 11 bankruptcy protection, Automotive News [sub] reports. Last Friday, the dealers had threatened to file a Chapter 7 for involuntary liquidation, but changed their minds. Leonard Bellavia, a lawyer representing most of Saab’s U.S. […]

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A group of 41 Saab U.S. dealers today petitioned a U.S. Bankruptcy Court to put Saab Cars North America into involuntary Chapter 11 bankruptcy protection, Automotive News [sub] reports. Last Friday, the dealers had threatened to file a Chapter 7 for involuntary liquidation, but changed their minds. Leonard Bellavia, a lawyer representing most of Saab’s U.S. […]

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Our Daily Saab: A New Administrator, A New Deal, Same Old, Same Old http://www.thetruthaboutcars.com/2011/12/our-daily-saab-a-new-administrator-a-new-deal-same-old-same-old/ http://www.thetruthaboutcars.com/2011/12/our-daily-saab-a-new-administrator-a-new-deal-same-old-same-old/#comments Thu, 15 Dec 2011 23:37:25 +0000 http://www.thetruthaboutcars.com/?p=422578 After enduring a rocky relationship with Saab’s management, Guy Lofalk is officially out as court-appointed administrator for the ailing Swedish brand. But although Saab boss Victor Muller had long hoped for Lofalk’s ouster, the news wasn’t all good for his slow-motion “rescue,” as Lofalk’s first replacement had to step down before he even began his […]

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After enduring a rocky relationship with Saab’s management, Guy Lofalk is officially out as court-appointed administrator for the ailing Swedish brand. But although Saab boss Victor Muller had long hoped for Lofalk’s ouster, the news wasn’t all good for his slow-motion “rescue,” as Lofalk’s first replacement had to step down before he even began his […]

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Our Daily Saab: Chapter 11 In The UK. Swedish Unions Going For The Kill http://www.thetruthaboutcars.com/2011/11/our-daily-saab-chapter-11-in-the-uk-swedish-unions-going-for-the-kill/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-chapter-11-in-the-uk-swedish-unions-going-for-the-kill/#comments Tue, 29 Nov 2011 15:01:20 +0000 http://www.thetruthaboutcars.com/?p=420632   Saab’s supposed saviors in China have not sent any money (not that this is surprising). Saab’s other savior Vladimir Antonov is out on bail, had to surrender his passport and report with the coppers in West London three times a week. Which adds new revs on Saab swirling down the drain. Saab reports that […]

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  Saab’s supposed saviors in China have not sent any money (not that this is surprising). Saab’s other savior Vladimir Antonov is out on bail, had to surrender his passport and report with the coppers in West London three times a week. Which adds new revs on Saab swirling down the drain. Saab reports that […]

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Saab Officially Gives A Thumbs Up To GM Facebook Squatters http://www.thetruthaboutcars.com/2011/11/saab-officially-gives-a-thumbs-up-to-gm-facebook-squatters/ http://www.thetruthaboutcars.com/2011/11/saab-officially-gives-a-thumbs-up-to-gm-facebook-squatters/#comments Sat, 26 Nov 2011 15:31:54 +0000 http://www.thetruthaboutcars.com/?p=420086 For more than two weeks, Saabhuggers have taken over GM’s Facebook page, plastering “Let Saab go!” all over the site. Yesterday, the occupation has been officially endorsed by Saab. GM sources which requested anonymity, citing possible legal implications, mentioned to TTAC that the attacks have “all signs of a coordinated campaign.” That is putting it […]

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For more than two weeks, Saabhuggers have taken over GM’s Facebook page, plastering “Let Saab go!” all over the site. Yesterday, the occupation has been officially endorsed by Saab. GM sources which requested anonymity, citing possible legal implications, mentioned to TTAC that the attacks have “all signs of a coordinated campaign.” That is putting it […]

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Our Daily Saab: No Salaries (Blame The Chinese). And A Duncecap For Saabsunited http://www.thetruthaboutcars.com/2011/11/our-daily-saab-no-salaries-blame-the-chinese-and-a-duncecap-for-saabsunited/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-no-salaries-blame-the-chinese-and-a-duncecap-for-saabsunited/#comments Thu, 24 Nov 2011 14:04:28 +0000 http://www.thetruthaboutcars.com/?p=419758   It has become a tradition at the „iconic” Saab: For the sixth month in a row, former carmaker Saab can’t make payroll. Saab employees did read the familiar note on their website today that salaries are “delayed.” Their head of HR, Johan Formgren, told them that sadly, he cannot “confirm any exact date when […]

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  It has become a tradition at the „iconic” Saab: For the sixth month in a row, former carmaker Saab can’t make payroll. Saab employees did read the familiar note on their website today that salaries are “delayed.” Their head of HR, Johan Formgren, told them that sadly, he cannot “confirm any exact date when […]

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Our Daily Saab: With Plans Expired And Dealers Waiting On Cash, GM Takes The Wheel http://www.thetruthaboutcars.com/2011/11/our-daily-saab-with-plans-expired-and-dealers-waiting-on-cash-gm-takes-the-wheel/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-with-plans-expired-and-dealers-waiting-on-cash-gm-takes-the-wheel/#comments Tue, 15 Nov 2011 16:26:44 +0000 http://www.thetruthaboutcars.com/?p=418288 The post Our Daily Saab: With Plans Expired And Dealers Waiting On Cash, GM Takes The Wheel appeared first on The Truth About Cars.

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Our Daily Saab: SWAN Examines The Endgame Options http://www.thetruthaboutcars.com/2011/11/our-daily-saab-swan-examines-the-endgame-options/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-swan-examines-the-endgame-options/#comments Fri, 11 Nov 2011 16:29:46 +0000 http://www.thetruthaboutcars.com/?p=417775 With Saab’s latest MOU with PangDa and Youngman expiring on Tuesday, the heat is on for parent company Swedish Automobile (SWAN) to hash out the many problems and disagreements between GM and the proposed Chinese buyers. And now that it’s fairly obvious that a deal won’t happen, as GM and the Chinese Government seem fairly […]

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With Saab’s latest MOU with PangDa and Youngman expiring on Tuesday, the heat is on for parent company Swedish Automobile (SWAN) to hash out the many problems and disagreements between GM and the proposed Chinese buyers. And now that it’s fairly obvious that a deal won’t happen, as GM and the Chinese Government seem fairly […]

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Our Daily Saab: TTAC On Swedish Radio http://www.thetruthaboutcars.com/2011/11/our-daily-saab-ttac-on-swedish-radio/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-ttac-on-swedish-radio/#comments Tue, 08 Nov 2011 15:14:31 +0000 http://www.thetruthaboutcars.com/?p=417143 Lyssna: Kinesiskt ja kan tvinga fram ett godkännande “We will try to get clarity about what the decision from GM means and if there is any way ahead,” court-appointed administrator Guy Lofalk told Reuters. “I hope that I will know more before the end of the week.” For the time being, Lofalk will not recommend […]

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Lyssna: Kinesiskt ja kan tvinga fram ett godkännande “We will try to get clarity about what the decision from GM means and if there is any way ahead,” court-appointed administrator Guy Lofalk told Reuters. “I hope that I will know more before the end of the week.” For the time being, Lofalk will not recommend […]

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GM Issues Death Sentence To Saab Deal With China http://www.thetruthaboutcars.com/2011/11/gm-issues-death-sentence-to-saab-deal-with-china/ http://www.thetruthaboutcars.com/2011/11/gm-issues-death-sentence-to-saab-deal-with-china/#comments Fri, 04 Nov 2011 15:49:47 +0000 http://www.thetruthaboutcars.com/?p=416903 While the flagwavers at Saabsunited wallow in the good news that the Swedish king announced at an annual moose hunt near Trollhättan that Victor Muller is a great guy, far away in Detroit, GM spokesman Jim Cain issued to Reuters what sounds like the death sentence to the sale of Saab to China’s Youngman and […]

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While the flagwavers at Saabsunited wallow in the good news that the Swedish king announced at an annual moose hunt near Trollhättan that Victor Muller is a great guy, far away in Detroit, GM spokesman Jim Cain issued to Reuters what sounds like the death sentence to the sale of Saab to China’s Youngman and […]

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Our Daily Saab: Saab Lives Another Day, Waits For Chinese Money http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-lives-another-day-waits-for-chinese-money/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-lives-another-day-waits-for-chinese-money/#comments Mon, 31 Oct 2011 12:38:33 +0000 http://www.thetruthaboutcars.com/?p=416156   Today, Saab creditors met in a packed-beyond capacity courtroom on Vänersborg. After a short deliberation, the district court approved the reorganization plan, Göteborg’s Posten reports. It will cost 500 jobs in Trollhättan. On Friday, China’s Youngman and Pangda had agreed to take over Saab 100 percent – in a Memorandum of Understanding, which isn’t […]

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  Today, Saab creditors met in a packed-beyond capacity courtroom on Vänersborg. After a short deliberation, the district court approved the reorganization plan, Göteborg’s Posten reports. It will cost 500 jobs in Trollhättan. On Friday, China’s Youngman and Pangda had agreed to take over Saab 100 percent – in a Memorandum of Understanding, which isn’t […]

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Our Daily Saab: Saab “Saved” As 100% Chinese Firm… Pending Those Pesky Approvals http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-saved-as-100-chinese-firm-pending-those-pesky-approvals/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-saved-as-100-chinese-firm-pending-those-pesky-approvals/#comments Fri, 28 Oct 2011 13:00:21 +0000 http://www.thetruthaboutcars.com/?p=415997 On the last possible day to work out a deal before being forced into bankruptcy, the Victor Muller era has ended at Saab. The Swedish brand will now become a completely Chinese-owned company… if  all goes to plan. A press release explains Swedish Automobile N.V. (Swan) announces that it entered into a memorandum of understanding […]

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On the last possible day to work out a deal before being forced into bankruptcy, the Victor Muller era has ended at Saab. The Swedish brand will now become a completely Chinese-owned company… if  all goes to plan. A press release explains Swedish Automobile N.V. (Swan) announces that it entered into a memorandum of understanding […]

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Our Daily Saab: Pang Da And Youngman Bail After Muller Rejects Buyout http://www.thetruthaboutcars.com/2011/10/our-daily-saab-pang-da-and-youngman-bail-after-muller-rejects-buyout/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-pang-da-and-youngman-bail-after-muller-rejects-buyout/#comments Mon, 24 Oct 2011 02:17:24 +0000 http://www.thetruthaboutcars.com/?p=415704 With a Halloween deadline to get its restructuring back on track looming, Swedish Automobile has rejected an offer by Youngman and Pang Da to buy 100% of Saab’s shares. Moreover, the struggling Swedish brand has canceled the existing agreement with Youngman and Pang Da, its erstwhile would-be rescuers. A Saab presser notes: Today, Swedish Automobile […]

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With a Halloween deadline to get its restructuring back on track looming, Swedish Automobile has rejected an offer by Youngman and Pang Da to buy 100% of Saab’s shares. Moreover, the struggling Swedish brand has canceled the existing agreement with Youngman and Pang Da, its erstwhile would-be rescuers. A Saab presser notes: Today, Swedish Automobile […]

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Quote Of The Day “Bankruptcy Is No Option For Saab” Edition http://www.thetruthaboutcars.com/2011/10/quote-of-the-day-bankruptcy-is-no-option-for-saab-edition/ http://www.thetruthaboutcars.com/2011/10/quote-of-the-day-bankruptcy-is-no-option-for-saab-edition/#comments Fri, 21 Oct 2011 15:17:54 +0000 http://www.thetruthaboutcars.com/?p=415429 Lyssna: Saabs vd, Victor Muller, om företagets situation Whenever a CEO says “bankruptcy is not an option,” you know the game is up. After complaining in this Swedish Radio interview (in English) that his court-appointed administrator is trying to sell Saab off wholesale to the Chinese, Victor Muller trots out Churchillian and Nietszchian calls to […]

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Lyssna: Saabs vd, Victor Muller, om företagets situation Whenever a CEO says “bankruptcy is not an option,” you know the game is up. After complaining in this Swedish Radio interview (in English) that his court-appointed administrator is trying to sell Saab off wholesale to the Chinese, Victor Muller trots out Churchillian and Nietszchian calls to […]

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Our Daily Saab: This Man Gives His Last Shirt To Save Saab http://www.thetruthaboutcars.com/2011/10/our-daily-saab-this-man-gives-his-last-shirt-to-save-saab/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-this-man-gives-his-last-shirt-to-save-saab/#comments Fri, 21 Oct 2011 13:36:05 +0000 http://www.thetruthaboutcars.com/?p=415411   The man in the weineresque photograph is Alex Mascioli, head of North Street Capital in Greenwich, Conn. Supposedly, he will come up with $70 million by this weekend to save Saab form the abyss once more. Not much is known about the man –  Wait, I take that back. Mascioli is a racecar driver. […]

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  The man in the weineresque photograph is Alex Mascioli, head of North Street Capital in Greenwich, Conn. Supposedly, he will come up with $70 million by this weekend to save Saab form the abyss once more. Not much is known about the man –  Wait, I take that back. Mascioli is a racecar driver. […]

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