Wednesday, April 7, 2010 as of 11:14 AM ET
Saab Automobile AB, better known as Saab (), is a Swedish car manufacturer currently under receivership.
Read More at Wikipedia ›The receivers in charge of bankrupt Saab Automobile AB's estate are no longer negotiating a potential sale of the Swedish car maker's assets with Chinese car maker Zhejiang Youngman Lotus Automobile Co.
, Swedish Radio reports Wednesday, citing a source familiar with the matter.The source said a sale of the assets is expected to be finalized next week, but who the buyer will be isn't yet known.Mahindra & Mahindra Ltd. (500520.BY), India's biggest sport-utility vehicle maker, is one of the companies interested in the assets, according to reports in the Swedish media.Swedish car maker Volvo Car Corp., owned by Zhejiang Geely Holding Group, has also said it is interested in buying some of Saab Automobile's machinery and test equipment.Saab Automobile and units Saab Automobile Tools and Saab Automobile Powertrain have been in the hands of court-appointed receivers since the company was declared bankrupt in December, nine months after it halted production due to a lack of funds.The company h...British engineering company GKN PLC (GKN.LN) is in advanced talks for an GBP800 million deal to buy Volvo AB's (VOLV-B.SK) aircraft business, the Sunday Times report...
Tata Motors Ltd. (TTM) Chairman Ratan Tata Tuesday denied a news report that the company, India's largest auto maker by revenue, has placed a bid for the assets of f...
India's Tata Motors Ltd. (500570.BY) has made a $350 million bid for bankrupt Swedish auto maker Saab Automobile's assets, the Financial Express newspaper reported T...
Chinese car maker Zhejiang Youngman Lotus Automobile Co. has placed a bid for the assets of bankrupt Swedish car maker Saab Automobile and is prepared to invest 12 b...
General Motors Co. (GM) will report a 2011 loss of "slightly more than $1 billion" for its European Opel/ Vauxhall division on Thursday, monthly Manager Magazin repo...
The receivers in charge of Swedish car maker Saab Automobile's bankruptcy have received some bids for the company's estate, one of which is from Chinese car maker Zh...
Swedish investment firm Investor AB (INVE-B.SK) said Tuesday its net asset value per share rose 8.5% at the end of the fourth quarter from the third, adding that it ...
China Youngman Automobile Group Co., Ltd. will submit a bid of about SEK5 billion ($731 million) for bankrupt Saab Automobile, owned by Swedish Automobile (SWAN.AE),...
When you buy life insurance , the primary purpose is to provide cash for your loved ones in the event of your death.But many policyholders unwittingly shortchange th...
Trying to save on car insurance? We say, “Go big.”Sure, there are discounts out there. But would you rather pay 5% less because of your spotless record or 50% less b...
Saab's 20-year death spiral ended Monday with a liquidation filing in a Swedish court.That's bad news for the “Born from Jets” automaker's hardcore fans, whose hopes...
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Swedish investment company Investor AB (INVE-B.SK) Tuesday booked a 7.3% rise in net asset value per share in the first quarter from year-end, and said it had bought...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Trade what you have for what you want with this wallet-friendly website. Rent a wed...
Chinese car maker Zhejiang Youngman Lotus Automobile Co. has placed a bid of approximately 3.2 billion Swedish kronor ($470 million) for the assets of bankrupt Swedi...
The official receivers of bankrupt Saab Automobile AB and two of its subsidiaries said Tuesday they calculate that the Swedish car maker's total debts are between 12...
Joel Manby says many companies have toxic cultures.
The best car for your teenager is a 2008 Audi A3.Go tell him or her the good news. We'll wait here.If only it were that easy. Teenagers know which cars they want. It...
Seven-month postponement of gearbox project-Further delay to plan to build compact car in Spain- Peugeot , GM investigating shared platforms for four different car c...
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