Posts Tagged ‘finanical issues’

Saab Off Life Support, Rx Is Loyalists

After our last post on the dying nameplates in the auto industry, alert reader AJ Murphy of Just Saab of Cincinnati (www.justsaab.com) pointed out that the Spyker Cars NV acquisition of Saab was consummated on February 23. Quite so, and this week’s Automotive News (www.autonews.com/) carries additional details. Mike Colleran of Saab Cars North America agrees [...]

 

Clunkers Cash Stalls in D.C.

The Virginia Automobile Dealers Association (VADA) reported yesterday that it heard on a call with the National Highway Transportation Safety Administration (NHTSA) that in the “Cash for Clunkers” program 80% of transactions are being rejected.

 

2% of To-Be-Closed GM Dealers Saved from Closing

According to the Detroit News, General Motors reversed the closing of 41 of the 2,100 dealerships originally targeted to be closed as part of GM’s bankruptcy and restructuring. GM has listened to appeals from hundreds of dealers, and has allowed 41 so far to remain open. This is in stark contrast to Chrysler, which received [...]