“The news came as Swedish broadcaster SVT reported that Swedish luxury sports car maker Koenigsegg Automotive AB and Norwegian investors are planning to buy Saab. The person would not identify the final bidders for Saab but said news could come ’shortly,’ perhaps as early as Friday.” Link
'Auto' Pictures + News
“The founder and former CEO of Tesla Motors, Martin Eberhard, is suing the company and current CEO Elon Musk for libel and breach of contract, opening up another lawsuit at the young electric carmaker. The lawsuit alleges that Musk sought to ‘rewrite history’ by taking credit for the accomplishments and the very idea behind Tesla Motors, resulting in a damaged reputation for Eberhard. The suit was filed in the last week of May but become public on Wednesday night. ” Link
Tesla Roadster picture
Supreme Court Delays Chrysler Sale
The Supreme Court has granted a requested delay in the sale of Chrysler to Fiat…
Supreme Court Asked To Block Sale Of Chrysler To Fiat Continue reading ‘Supreme Court Asked To Block Sale Of Chrysler To Fiat’
G.M. said it depleted $10.2 billion from its cash reserves in the quarter, or $113 million a day, leaving the company with $11.6 billion as of March 31. That is roughly the minimum amount of liquidity needed to keep G.M. in business, the automaker has said. Link
“The Treasury Department is preparing a Chapter 11 bankruptcy filing for struggling U.S. automaker Chrysler that could come as soon as next week, according to a New York Times report.” Link
.JPG){kind=link}
