OnStar and an insurance company called Progressive recently announced the latest developments in creepy connected driving. Available soon on certain GM vehicles, OnStar will be able to track and record your driving behaviour and then share that information with Progressive, who may (or may not) offer you a discount based on your driving. From the Detroit News: General Motors Co.’s […]
Here’s a genuine question for friends in the US. I remember back in 2009 there were a lot of people – and I mean a LOT – crying foul about the US government’s bailout of General Motors. This week, the US government sold its final shareholding in the restructured GM, booking a total loss of $10billion on the bailout. For
I missed this story when I was on holiday but thanks to Victor himself dropping in on our comments section yesterday, I had reason to go searching for the story. Bottom line: On October 1st, Spyker appealed the judge’s dismissal of their case. Source: Law 360. Click that link to read the story in full. —— Dutch carmaker Spyker NV
Anyone who lived in Victoria in the late 1980’s would remember the ad in the video below, from the State Bank of Victoria. The line “It’s your money, Ralph” became as common in regular conversation back then as “Not Happy, Jan!” became in offices around the country five years ago. —— The news broke last Friday (at 5pm, of course)
I work in an audit office. Suffice to say, jokes aren’t our strong point. I heard a couple of good ones on TV last night and thought I’d better record them for posterity. I’m sure they could be useful in the future. #1 A sweet young girl, around 8 years old, walks into a pet shop. She walks up to
Sad to see, but can’t say I’m too surprised. A judge has dismissed Spyker’s $3billion lawsuit against General Motors. From Business Week: DETROIT (AP) — A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co. Spyker sued GM last August, accusing it of unfairly blocking a deal to let a
Re-posted As the day in question is tomorrow and there are still a few headlines going around about this, I thought it wise to bring it back to the top of the page. —— Despite the sound of the headline, this is not a press release. The purpose of this posting is two-fold: to talk of the delay in the
Saab delay submission to creditors in order to continue negotiations Read Post »
Today’s the day the Memorandum of Understanding that was signed on October 28 expires. There might be some uncertainty as to what that will mean for Saab today. In short, whilst the MoU does indeed expire, all parties to that deal have agreed to continue talks. General Motors, who must approve any sale of Saab under certain conditions, indicated that
MoU with Youngman, Pangda has expired, but talks continue Read Post »
It’s the beginning of what will surely be another big week in the history of Saab Automobile. I think I can speak for colleagues here at Saab and say that we’ve seen some wonderful things in the last few weeks – the support and happiness of people attending the dealer tours, as well as the recent and spontaneous gestures of
As you may have read in news reports earlier today, discussions are ongoing with our Chinese partners as we try to negotiate a solution that will satisfy all parties. Reuters: China’s Zhejiang Youngman Lotus Automobile Co said it still wanted to invest in ailing car maker Saab after General Motors said on Monday it would stop supplying components and technology
The process with China and preparing for GM continues Read Post »
I read this in the Wall Street Journal this morning: STOCKHOLM (Dow Jones)–The former owner of troubled Swedish car maker Saab Automobile AB, General Motors Co. (GM), said Friday it would have a difficult time supporting a change in ownership of the company based on the information at hand. “GM would not be able to support a change in the
