The Guardian (Free subscription) | yesterday
... Joran Hagglund, has flown to Detroit with a government delegation to meet chief executive Fritz Henderson. The Swedish government is facing public pressure to rescue Saab and has offered loan guarantees to help potential buyers, although prime minister Fredrik Reinfeldt last week ruled out taking the business into public ownership, saying he would not put "taxpayer money intended...
1853 Chairman (Free subscription) | 29/11/2009
November 29, 2009 From CEO on down, GM is focusing on faster decisions and solutions BY TIM HIGGINS FREE PRESS BUSINESS WRITER Six months after filing for bankruptcy, General Motors Co. Chief Executive Fritz Henderson’s days are fundamentally different. He’s running an automaker that has $42.6 billion in cash instead of $90 billion in negative net worth. Instead of spending...
Web Wonderings (Free subscription) | 29/11/2009
GM CEO: electric cars require teamwork; hydrogen cars 10x more expensive than Volt — Autoblog Green : "New GM CEO Fritz Henderson has some good words for his competitors. Surprised? It's all in an effort to make sure that plug-in vehicles get the help they need to become cost competitive. Henderson spoke with the Washington Post and said that costs are the big problem...
Detroit Free Press (Free subscription) | 29/11/2009
Instead of spending each day worrying about restructuring details, Fritz Henderson says he's focusing on new vehicles and customers.
eGMCarTech (Free subscription) | 26/11/2009
Last month General Motors CEO Fritz Henderson confirmed that the Camaro Convertible will arrive as a 2012 model in the first quarter of 2011. Yesterday, GM said that the North American production of the 2011 Buick Regal sedan will take place at the company’s Oshawa Car Assembly plant. Digging a little bit through the press release, we [...]
The Independent (Free subscription) | 25/11/2009
General Motors (GM) has announced that its proposed sale of the Swedish car-maker Saab to Koenigsegg Group AB has been terminated by Koenigsegg. GM's President and CEO, Fritz Henderson, expressed his disappointment at the decision and said "Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week"....
Green Car Congress (Free subscription) | 24/11/2009
Koenigsegg Group AB has terminated the agreement for its proposed purchase of GM’s Saab. GM President and CEO Fritz Henderson confirmed the Koenigsegg move today. We’re obviously very disappointed with the decision to pull out of the Saab purchase. Many...
The Washington Times (Free subscription) | 25/11/2009
... to fall through this year for a variety of reasons. GM Chief Executive Officer Frederick A. "Fritz" Henderson said the company is disappointed with the decision and will take the next several days to ... Email
People Daily (Free subscription) | 25/11/2009
U.S. automaker General Motors Co.'s efforts to sell cast-off brands took another hit Tuesday when Swedish sports car maker Koenigsegg Group AB pulled out of deal with GM for purchasing Saab for undisclosed reasons. "We're obviously very disappointed with the decision to pull out of the Saab purchase," GM President and CEO Fritz Henderson said in a short statement. "Many...
People Daily (Free subscription) | 25/11/2009
U.S. automaker General Motors Co.'s efforts to sell cast-off brands took another hit Tuesday when Swedish sports car maker Koenigsegg Group AB pulled out of deal with GM for purchasing Saab for undisclosed reasons. "We're obviously very disappointed with the decision to pull out of the Saab purchase," GM President and CEO Fritz Henderson said in a short statement. "Many...
Wheel Industry (Free subscription) | 25/11/2009
DETROIT - General Motors is one-for-three, and that one, its pending sale of Hummer to Sichuan Tengzhong Heavy Industrial Machinery looks as tenuous as ever. It awaits only Chinese government approval for the sale of its luxury offroad brand, rumored to be worth $150 million to GM. Tuesday morning, CEO Fritz Henderson announced that Koenigsegg [...]
KickingTires (Free subscription) | 24/11/2009
Koenigsegg, the Swedish boutique car maker, has terminated its purchase agreement to buy Saab from GM. General Motors just released a statement from CEO Fritz Henderson: "Many have worked tirelessly over the past several months to create a sustainable plan...
AutomoBlog.net (Free subscription) | 24/11/2009
GM just announced that Koenigsegg backed out of their deal to purchase Saab. Not much information about it was given, and there is no word from Koenigsegg regarding why they decided not to purchase the GM subsidiary. GM President and CEO, Fritz Henderson said: We’re obviously very disappointed with the decision to pull out of the Saab [...]
Motor Authority (Free subscription) | 24/11/2009
The disastrous scenario of Penske and Saturn is playing out once again, this time with Koenigsegg pulling out of the agreement to buy Saab from GM. So far neither GM nor Saab have revealed the reason behind the decision. GM's CEO Fritz Henderson released a statement this morning confirming the death of the deal. "We're obviously very disappointed...
Consumer Reports Cars Blog (Free subscription) | 24/11/2009
... disappointed with the decision to pull out of the Saab purchase," said GM President and CEO, Fritz Henderson. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to...
