Saab sale could be confirmed by GM later today
25 January 2010

General Motors will hold a press conference at 4.30pm today to discuss "updates on GM business activities".

GM CEO Ed Whitacre will address media in Detroit, but no indication has been given by GM about what will be discussed at the press conference. An update on the future of Saab is one likley scenario after 48 hours of intense speculation regarding Saab's future and its hotly-tipped sale to Spyker.

The press conference could also be regarding the position of Whitacre himself as he is still only acting CEO after taking over from Fritz Henderson last year. Whitacre is favourite to land the job on a full time basis.

Stay tuned to Autocar later today for a report on key matters arising from the press conference.

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25 January 2010

Or you can watch a webcast of the press conference here…

GM Chairman and CEO Ed Whitacre to Provide Business Updates

You don’t need a weatherman
To know which way the wind blows
—Robert Allen Zimmerman

25 January 2010

Is that 4:30pm in Detroit (EST) or in the UK (GMT).

25 January 2010

[quote theonlydt]Is that 4:30pm in Detroit (EST) or in the UK (GMT).[/quote]

11:30 (EST) 4:30 (GMT) about an hour and a half from now.

You don’t need a weatherman
To know which way the wind blows
—Robert Allen Zimmerman

25 January 2010

[quote jackjflash]11:30 (EST) 4:30 (GMT) about an hour and a half from now.[/quote] Thanks. I'm currently on Atlantic Time (Canada) so it'll be 12:30 for me. Just to confuse things :)

25 January 2010

Well, that was a waste of time, wasn't it? We need a SAAB SALE announcement, not 10 minutes of drivle about loving America!! Who's going to fall for that? Oh, I forgot, the American taxpayer, again! SELL SAAB, make money!

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