Ailing Swedish car maker Saab said it had called in workers for a meeting after reports the company is about to apply for protection from creditors... more
A Chinese car giant recognisable to practically nobody in the West has again stepped in to bailout a major, struggling brand in the form of Saab... more
Swedish car maker Saab says it has reached a deal with one of its key suppliers and that production will soon be back to normal following a string of stoppages at its Swedish manufacturing plant
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George Osborne's claim that the Budget "put fuel into the tank of the British economy" is coming back to haunt the Chancellor - and everyone else for that matter - as critics use it against him... more
Dutch carmaker Spyker used internal funding rather than debt to pay General Motors the final $24 million purchase price for Sweden's Saab, ending concerns over how it would finance the deal... more
Chinese carmaker BAIC, part of a group that abandoned its plan to buy Saab, was today considering a bid for part of the loss-making Swedish firm... more
The green lobby could find itself with a new enemy as early as today with a Chinese manufacturer tipped to finalise a deal to buy Hummer, the maker of gas-guzzling mega-vehicles ... more
The “new” General Motors launched with chief executive Fritz Henderson saying the vehicle maker plans to woo back US consumers and repay the taxpayer for a $50 billion bail-out... more
Loss-making car manufacturer Saab is to be bailed out by the European taxpayer and end up in the hands of fellow Swedish company Koenigsegg, the maker of $1-million-a-time supercars... more
Huge military-like American vehicles could soon be careering around Chinese streets after General Motors today announced the sale of its Hummer brand to China’s Sichuan Tengzhong ... more
Chelsea is one of the great barometers of Englishness. Our love affair with “heritage”, the clumsy first grapplings with modernity, an eco- and then a grow-your-own enthusiasm: all have made their pitch here. But for the last 20 years or so, the dominant idea in the show gardens has been that beauty is chic, sheeny and pricey.
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It is now two months since Resolution shook even the most jaundiced City investors with its announcement that the Financial Services Authority had decided to look again at the year-old deal that saw its previous business of closed life assurance funds being acquired (after a prolonged battle) by Hugh Osmond’s Pearl Group ... more
Engineering: The board of General Motors will hold another round of crunch talks as it scrambles to complete its rescue plan to try to win a £7.8 billion government lifeline... more
Engineering: Hummer is set to be the highest profile victim of the General Motors crisis, as the Detroit manufacturer signalled which brands are set for the chop in a bid to win $12 billion of loans in a US government bailout... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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