GM fails to sell Saab, seeks Plan B

By Daily Maverick Legacy 1 December 2009

Reports indicate that General Motors' talks to sell its Saab business unit have failed. So, GM must now decide whether to keep the Swedish carmaker, try to sell it again or wind it down. GM is said to have a contingency plan for Saab similar to a process being used to wind down its troubled Saturn unit, whereby Saab owners would continue to be covered by GM warranties and service agreements. Unlike Saturn, in which GM copied the idea of small, fuel-efficient Japanese cars, Saab is seen as a luxury brand that GM seemingly managed to drive off the road. Read more: The Atlantic


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Inquiry: Day Two

PIC announces ‘blatant’ violations in R4.3-billion investment in Survé-controlled Ayo Technology

By Greg Nicolson

Eton College once provided free education to poor boys. Now it quite literally does the opposite.