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0Official: Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range 1346088540
It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab. Youngman is reportedly investing €10,000,000 (CAD$12.5M) for a 29.9-per cent stake in the company. The shares are being ...
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Report: GM granted 30-day extension on Spyker's Saab-related lawsuit 1346072340
General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that might have been able to save the company, and intentionally and ...
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Official: Spyker files $3 billion lawsuit against General Motors over Saab's demise 1345072500
"Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors – or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for the Eastern District of Michigan and demanding a jury trial, ...
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Featured: eBay Find of the Day: 1985 Saab Turbo Limo is the ultimate high school reunion ride 1342647840
Yes, we've seen this 1985 Saab 900 Turbo limo for sale before. But somehow, this time is just seems more right. And we've got more pictures this go-around. With the Saab brand now dormant and little hope for a true renaissance, save for one that comes in name only, Saab's future must lie in the celebration of great cars of its past. And what better way ...
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Video: Watch Top Gear race a Saab and a Jet on their track 1339869600
Clarkson, May and Hammond are no stranger to all sorts of crazy stunts involving cars and this is no exception. Briefly seen in the season preview montage aired at the start of Series 18 of Top Gear, this race was, for reasons unknown, cut out of the final broadcast. Luckily, we've got it here for you. Here, Jeremy races a Saab 9-3 against one of the ...
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Report: Youngman bids anew for Saab 1338591600
After withdrawing its original $497 million bid for Saab, Zhejiang Youngman Lotus Automobile has returned to the bidding with a fresh offer of CAD$572 million, according to a report from Bloomberg. Right now, Youngman is bidding for Saab against a group comprised of a Japanese investment firm, Sun Investment, and Hong Kong-based National Modern Energy ...
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Report: Saab to be saved by mystery Swedish electric car company 1337880600
The all-but-lifeless corpse of Saab continues to stagger forward in hopes of finding a juicy investor to sink its teeth into. Autocar reports that National Electric Vehicle Sweden is currently close to buying the brand's remaining assets. The freshly minted electric car consortium is helmed by none other than Karl-Erling Trogen, the former head of Volvo ...
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Report: China's Youngman bails on Saab, Mahindra still in the mix 1337808600
Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of US$492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was partially to blame and there apparently wasn't complete ...
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Official: Saab fans save the last 9-3 1336667400
Congratulations are in order: Saabs United has raised enough money to buy the last Saab 9-3, what is likely to be the last Saab of any sort ever produced. The group will be installing the car in the Saab Cars Museum on a permanent loan, as well as donating the additional money it raised during its fund drive. Forgive us for being just a bit cynical here, ...
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Featured: Saab devotees rally to save last 9-3 1336419000
The folks over at Saabs United have been a fixture on the Swedish automobile scene for some time now, cementing themselves as the hub for all manner of Saab news and gossip as the fight to keep the brand alive has ebbed and flowed over the past couple of years. So significant was SU's bond with the automaker that its principle, Steven Wade, had the ear of ...