Hawtai Motor Group
Saab might be skating on thin ice, but it has a solid choreographer. Design director Jason Castriota has been named one of Fast Company magazine's 100 Most Creative People in Business and appears in the third-annual ranking in its June 2011 issue. Castriota attended Boston's Emerson College, then went to the Art Center College of Design in Pasadena, California. Before finishing at Art Center, he was hired by Pininfarina and rose to the chief designer position in its main Turin studio—eventually having a role in the Maserati Gran Turismo, Maserati Birdcage 75th, and Ferrari 599. In 2008...
Saab Future Still Hazy After Hawtai China Deal Crumbles
Saab began this week with a bright future and what looked like a new deal that would bring it some stability and financial security, but by the end of the week the ailing Swedish automaker seems on even shakier ground than before. Yesterday, a deal with China's Hawtai Motor Group collapsed; the...Bengt Halvorson
Saab Rescue Deal With China’s Hawtai Terminated
The last we heard, production at Saab’s plants back home in Sweden had come to a halt due to a lack of funds and fears that the automaker’s new parent, Spyker Cars, was also close to being bankrupt. In response, the CEO of Spyker, Victor Muller, set out on a quest to acquire desperately...Viknesh Vijayenthiran