3:45pm: GM continues with Saab shutdown
NEW YORK (AP) — General Motors Co. is pressing ahead with plans to shut down Saab, though it will continue to hear bids for the Swedish car brand, a company spokesman said Wednesday. Tom Wilkinson said the automaker is not commenting on reports that a deadline for proposals for Saab has been extended to Jan. 7. GM had previously said it was giving bidders until Thursday to come forward with an offer for Saab until it decided earlier this month that it would wind down the brand. "During the wind down process we've heard from a number of people with proposals for Saab, and we're going to evaluate the proposals as we start the wind down," Wilkinson said. Saab spokeswoman Gunilla Gustavs said GM's decision to wind down Saab still stands, though it will still entertain bids. Dec. 31 is "no longer a magical date" where a GM decision should be expected, Gustavs said. GM has been in talks to sell Saab over the last month with Dutch exotic car maker Spyker Cars.
» Full Story9:33 am : GM to discontinue Saab
NEW YORK (AP) — General Motors Co. said Friday it will wind down Saab after talks to sell the brand to Dutch carmaker Spyker Cars collapsed.
GM said in a news release that issues arose during the sale talks that could not be resolve.
2:20pm: GM close on new CFO
DETROIT (AP) — General Motors Co. is getting close to hiring a new chief financial officer, its CEO said Tuesday.
The automaker has a good candidate and should have news in two or three weeks, Board Chairman and CEO Ed Whitacre Jr.
10:25am: GM, Chinese partner join forces in India
BEIJING (AP) — General Motors Co. and its main Chinese partner announced a venture Friday to sell vehicles in India, uniting in the two fastest-growing car markets in a deal that reflects GM's reduced status as a global automaker.
» Full Story9:30am: GM announces management shakeup
DETROIT (AP) — General Motors Co. Chairman Ed Whitacre Jr. said Friday he is putting engineering chief Mark Reuss in charge of GM's North American operations in a management shakeu.
» Full Story4pm: GM may phase out Saab
DETROIT (AP) — General Motors Co. said it will phase out its storied Swedish Saab brand if no deal is reached by the end of this mont.
» Full Story
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