GM in Talks with Dutch, Chinese over Saab
Dutch carmaker Spyker Cars NV emerged as a suitor Sunday to acquire Saab from General Motors Co., which struck a tentative accord with Beijing Automotive Industry Holding for the right to produce versions of the Swedish manufacturer's older models in China, people familiar with the talks told The New York Times.
If completed, the deal would not prevent a separate buyout of all of Saab, a unit of General Motors that was left flailing after negotiations last month between GM and the high-end Swedish automaker Koenigsegg to buy it failed.
As American automakers have contended with huge losses -- and bankruptcy in the case of GM and Chrysler -- Asian buyers have stepped in to scoop up several of their luxury brands.
In March 2008, Tata Motors of India bought Jaguar and Land Rover from Ford for $2.3 billion, and Ford is now in final negotiations to sell Volvo to Zhejiang Geely Holding of China.
A spokesman for GM declined to comment on Sunday about Saab's talks with Beijing Automotive. Several buyers are reportedly still negotiating to buy Saab. These include Renco, owned by the American financier Ira L. Rennert, and Spyker, a specialty automaker in the Netherlands.
More Industry

Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →