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Now Saab Stays With GM
After GM’s about turn by withdrawing from the sale of their German offshoot Opel, and their British brand Vauxhall just three weeks ago, now comes the surprising news that they will continue to own their Swedish carmaker Saab.
General Motors announced last June that they had reached agreement to sell Saab to Swedish ultra luxury sports car maker Koenigsegg, and most thought it to be a ‘done deal’ until recent doubts surfaced about whether it would be completed.
And, indeed, today Koenigsegg announced that it had come to the ‘painfull and difficult conclusion’ that it has to abort the purchase.
GM’s response is that it is ‘very disappointed’ with the decision.
Speculation is now rife over whether GM will continue to keep Saab in their camp along with Opel and Vauxhall, whether they will seek another buyer or simply close it down.
Whichever way they choose, this news will do nothing to assist Saab in getting back into the black after some disastrous sales performances
Breaking News-GM to Keep Opel,Vauxhall.
The on again/off again saga on the sale of German car maker Opel and its British counterpart Vauxhall has added a further twist today when giant US carmaker announced that it will not now sell its European offshoots.
It was finally announced in September, after months of speculation that GM would sell 55 percent of Vauxhall and Opel to a Canadian led consortium.
Since then politics has played its inevitable part with governments and unions seeking work and plant guarantees.
However GM stated today thet the reason for withdrawing from the proposed sale is that ‘ the business environment has improved’.
Bolivian Highway
When we listed the ten worst driving habits in our last newsletter and on our blog here, some readers responded that bad habits are directly related to bad roads. Fair point we thought…
So when we had this email arrive in our ‘in box’ we had to put it on the blog.
This really is a road in Bolivia, that we would all dread to drive on.
Read on and see if you could imagine yourself at the wheel.
Stremnaya Road is nicknamed ‘The Road of Death’ and it will take no convincing as to how appropriate that is..
So far it looks just a little challenging, but this is just the start. The next few shots will start you stomach churning!
Hang On - I Wish I Had The Inside Lane
Actually, I Don't Think He Heard Your Horn
Ooops... Lost The Kerb This Morning
Not Much Further Now
Oh Good God...
Phew.. The Worst Is Behind Us
Now that has to be the most frightening journey we’ve ever been on. What’s the worst road you’ve ever experienced? Surely it can’t have been as bad as this?
However there are dodgy roads right around the world, including Australia, so please let us know your worst experiences below and we’ll put them on the site (pictures would be great, too!).
Will Aston Martin Be Sold Yet Again?
Aston Martin arguably makes the most beautiful sports cars in the World, and has done so for over ninety years, but under several different owners.
The most recent owner change was just a few years ago, when Ford sold out to a consortium headed by a Kuwaiti investment outfit.
However the latest news is that they – The Kuwaiti Investment Dar, are in financial difficulties and have defaulted on some loans.
At the same time Aston Martin themselves aren’t having such a good time either, due to the global financial crisis, having dispensed with a third of its workforce last December.
The Kuwaiti Investment Dar says that it may have to sell some of its assets to help reduce debt, so that may well mean that this iconic brand will be up for sale yet again.
But then who would have the spare cash to take the risk of investing in the really top end luxury car market today?
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