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GM Says Saab Not for Sale
Posted by washaero (more from washaero) on Wed, 1 Mar 2006 07:48:36
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GM Says Saab Not For Sale
The Daily Auto Insider
Wednesday, March 1, 2006
March 2006
General Motors has decided to keep its Saab premium car brand, the Dow Jones Newswires reported, citing Carl-Peter Forster, the president of GM's European division,
New GM board member Jerry York, an adviser to billionaire investor Kirk Kerkorian, who controls 9.9% of GM shares, recently suggested that Saab could be sold by GM to help shore up its finances.
Speaking at the Geneva Motor Show, Forster said he believes that York has been convinced that Saab is viable, and any questioning of the unit's future in the company was "now over," the story said.
Forster said Saab, which posted flat sales in 2005, would "contribute strongly" to profits at GM Europe in 2006.
posted by 66.208.34...
Posts in this Thread:
- GM Says Saab Not for Sale, washaero, Wed, 1 Mar 2006 07:48:36 <-- Viewing This Message
- Re: GM Says Saab Not for Sale, Scott Paterson
, Thu, 2 Mar 2006 19:31:04 - GM is back in the teens, Rafe, Wed, 1 Mar 2006 18:19:26
- Everything is for sale., Rafe, Wed, 1 Mar 2006 09:55:19
- hardly..., Scott Paterson
, Wed, 1 Mar 2006 15:10:37 - Not in this case........., MI-Roger
, Wed, 1 Mar 2006 12:20:09- "Saab has been assimilated. Resistance is futile.", NickJ, Thu, 2 Mar 2006 05:44:53
- Re: Not in this case........., Dean C, Wed, 1 Mar 2006 20:30:09
- Re: Not in this case........., saw, Wed, 1 Mar 2006 15:40:31
- Re: Not in this case........., TML
, Wed, 1 Mar 2006 14:52:27
- Re: GM Says Saab Not for Sale, Dean, Wed, 1 Mar 2006 09:49:16
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