It’s too bad that SAAB went under. The Swedish automaker still had a couple of aces in its sleeve before it went bankrupt. Back in 2011, a year after gaining independence from GM, Saab unveiled an amazing concept at the Geneva Motor Show. The vehicle was called “The PhoeniX” and it should have represented Saab’s [...]
A new era started for Saab today with the Swedish automaker officially restarting production at the company’s Troollhattan plant. The first Saab to roll off the production line today was an all new Saab 9-5 saloon which will go into a couple of tests ahead of it’s official launch later this year. Saab will also [...]
General Motors and Spyker confirmed today the details of an agreement over the transfer of ownership of Saab Automobile. The transaction is expected to close in February and Saab will exit the wind down process started by GM in line with that timetable. Spyker will acquire all the issued and outstanding ordinary shares in the [...]
A lot of recent press reports suggest that a deal between GM and Spyker over the sale of Saab might be finalized during this week. If these reports are true, this deal would save the Swedish brand and will probably secure a lot of the company’s 3,400 employees. An agreement between General Motors and Spyker [...]
General Motors announced today that the intended sale of Saab Automobile AB failed and that they will start winding down Saab operations. Last month Saab was close to be bought by the Swedish supercar maker Koenigsegg Group AB and after this deal failed, GM started to negotiate with Spyker Cars. During the discussions certain issues [...]
After Swedish super car maker Koenigsegg has pulled out of Saab purchase a couple of days ago, the company’s future was a bit uncertain but it seems there are other companies interested in buying Saab. Two new bidders emerged these days according to reports coming out of Sweden. BAIC (China’s Beijing Automotive) and Wyoming-based merchant [...]
A week ago the deal between Swedish super car maker Koenigsegg and General Motors for Saab was almost finalized but today Koenigsegg has pulled out of negotiations. They backed out of Saab purchase and the Swedish automaker’s future is very much in doubt at the moment. It is unclear what will happen to Saab now [...]
Koenigsegg, the Swedish sportscar maker who will recently become the new owner of Saab will reject 81 Saab US dealerships, leaving just 137 of the current 218 dealerships. General Motors already sent out letters to the rejected dealers through FedEx last Wednesday. Koenigsegg selected their Saab dealerships based on the business plan and the needs [...]
