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GM takes over
Posted by pseudo_v (more from pseudo_v) on Mon, 10 Jan 2000 09:38:41
<snip>
GM to Take Sole Ownership of Saab
DETROIT (Reuters) - General Motors Corp. (GM.N) said on Monday it intends to exercise the option to buy the remaining 50 percent of Saab Automobile AB from Investor AB, the Swedish industrial holding company, with which the GM group has shared ownership for the last decade. GM, the world's largest auto maker, said it will take full ownership of Saab by the end of January. Terms of the deal were not disclosed. 'Over our 10 years with Saab we've seen increasing market success and expansion of the Saab brand internationally,' said GM President and Chief Operating Officer G. Richard Wagoner Jr.
<snip>
I can't quote more than 2 paragraphs, for copyright reasons, but the full text can be found at: http://prodigy.excite.com/news/r/000110/08/business-gm-saab
The rest was pretty standard stuff about Saab, 128K cars built last year, 10K employees, a short history of GM's 50/50 ownership, plans for the future, etc.
Bob Sypek '78 99 Turbo, sold at 149K for a..... '86 900S, 287K and now starting to show its age.
Posts in this Thread:
- GM takes over, pseudo_v, Mon, 10 Jan 2000 09:38:41
- Re: GM takes over, Dan Aldrich, Thu, 3 Feb 2000 12:44:45
- Re: GM takes over, Tom Reingold, Wed, 12 Jan 2000 15:46:44
- Re: GM takes over, Keifer5448, Mon, 10 Jan 2000 14:32:34
- Re: GM takes over, Glenn Wallace, Mon, 10 Jan 2000 11:24:06
- Re: GM takes over, R. Scott V. Paterson, Mon, 10 Jan 2000 10:54:53
- Re: GM takes over, Barry E. Muller, Mon, 10 Jan 2000 10:47:13
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