Spyker Extends Deadline Indefinitely for GM to Consider Saab Sale Proposal
Dutch carmaker Spyker is giving General Motors Co. more time to consider its latest offer for car brand Saab, reported The Associated Press.
Spyker Cars had previously given GM until 5 p.m. EST Monday to consider its latest proposal, but Spyker says that deadline has been extended indefinitely as negotiations continue.
Spyker submitted the latest offer on Sunday, just days after talks with GM to buy the Swedish car brand collapsed. GM said on Friday it had no other buyers and would close Saab.
On Monday, Swedish government officials were holding emergency meetings with unions and local authorities to prepare for the closure of Saab's main factory in Trollhatten.
More Industry
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →