Word: saab
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...company put Saab, Opel, Saturn and Hummer up for sale, then killed Pontiac. (Marchionne promptly entered fire-sale bids for Opel and Saab.) As the expected bankruptcy filing approached, plans were under way for a complicated stock deal that would render existing shares essentially worthless. Secured bondholders were being offered full payment in new company stock, while others were being told to expect far less...
...related move, GM announced on Friday that 500 dealers who handle Hummer, Saab and Saturn brands would be moved outside of GM's dealer network or terminated if a buyer for those nameplates cannot be found. Also on Friday, GM began notifying 1,100 GM dealers that their franchises will be terminated because they have failed to meet sales targets. Of GM's other 4,500 dealers, the automaker expects to cut 900, and it may use bankruptcy to get that done...
...billion in further emergency loans, bringing the total amount that the Detroit automakers have requested to $39 billion. GM says it needs $12 billion more to avoid bankruptcy and announced plans to lay off 47,000 employees and sell or phase out three of its marques--Saturn, Hummer and Saab--and reduce Pontiac to a "highly focused niche brand." Chrysler has asked for $5 billion and plans to cut 3,000 jobs...
...SAAB...
...lite Chávez overthrew, has done little to offer a viable political alternative. Its weakness is another reason Chavistas insist their hero should be able to run again. "Chávez is the only leader who can hold all the nation's poles together,' says Tarek William Saab, the pro-Chavez governor of Anzoategui state on Venezuela's eastern coast. "His opponents are panicked because they know they can't win if he's the candidate." Former Chávez Information Minister Andrés Izarra says fear that an opposition leader could win the next presidential race...