Saab


BREAKING: Swedish Patient Succumbs - Deal for Saab is dead on the table, GM to wind down brand

After a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese, the enigmatic brand known as Saab is dead. In a press release issued this morning, General Motors announced that the "intended sale of Saab Automobile AB would not be concluded." GM had been in talks with Dutch exoticmakers Spyker Cars after pursuing a number of other buyer leads (including the aborted sale with Koenigsegg), but The General says that in the course of due diligence, the resolution of certain unspecified ... Read more →

REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab Chris Shunk

It's now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company ...

REPORT: Despite selling off old bits to BAIC, Saab brand still in search of buyer Jonny Lieberman

Here's a little bit more on the salvation/debacle of Saab. First of all, it should be pointed out that after our last report about Holland's Spyker trying to buy Saab, the freaks lovely people ...

REPORT: Spyker takes the lead in the Saab bidding sweepstakes Jonny Lieberman

General Motors appears on track to either close or sell the ailing Saab brand by 2010. If they do, in fact, sell Saab, they are reportedly stipulating the following: the buyer must be well versed ...

REPORT: BAIC only interested in parts of Saab, "White Knight" looking increasingly unlikely Dan Roth

It seemed pretty obvious when we first heard that China's BAIC wanted Saab's tooling that it didn't want anything to do with purchasing the Swedish automaker's full monty. If BAIC wanted to be in ...

Former Saab PR manager Jan-Willem Vester succumbs to illness 11 days ago on Autoblog

We here at Autoblog want to pass along our sincere condolences to the family and friends of Jan-Willem Vester who passed away last night. Until last spring, Jan-Willem was the communications manager for Saab USA. In that role, the amiable Dutchman was always extremely helpful and prompt in ...

REPORT: Even while pursuing Volvo, Geely again mulling bid for Saab? 11 days ago on Autoblog

Just about every time an automaker decides to sell one of its brands, Chinese automaker Geely comes up as one of the potential suitors. Geely executive Lawrence Ang has reportedly told Automotive News that the reason Geely has been present at a lot of negotiating tables is because it wants to ...

REUTERS: China's BAIC secures $2.1B line of credit... is it for Saab? 12 days ago on Autoblog

Beijing Automotive Industry Corporation (BAIC) could still be in the game for Saab, having secured a $2.93 billion line of credit from the Bank of China. On the other hand, BAIC could just be gearing up for its own home-grown expansion plans, with an eye on ramping up production and putting ...

Merbanco out, Spyker in as Saab bidding heats up. Was Fritz axed because he wanted Saab closed? 16 days ago on Autoblog

As General Motors suddenly finds itself in search for a new CEO to replace Fritz Henderson, it is also looking to secure a buyer for perennially troubled Saab. GM originally thought it had a new parent for the brand in Koenigsegg, but after that deal went sour, Detroit officials confirmed that ...

REPORT: GM could sell some Saab assets to Chinese; brand has through year's end to find buyer 17 days ago on Autoblog

General Motors' Saab brand has been given a one month stay of execution as the Detroit, MI-based automaker has announced that it will hold off on a decision regarding the brand's fate until the end of the year. GM's apparent non-decision comes just one week after it announced that Swedish ...

Saab, Swedish gov't in Detroit to discuss brand's future 18 days ago on Autoblog

Don't write off Saab just yet. While last week's announcement that Koenigsegg Automotive AB had pulled its offer for the homeless brand was a painful kick to the gut, it seems there are still a few companies interested in taking the automaker under its wings. With that in mind, and interested in ...

REPORT: Saab still has at least two interested parties - BAIC and Merbanco 20 days ago on Autoblog

When Koenigsegg pulled out of its agreement with General Motors to purchase Saab, many thought that General Motors would dump the Swedish automaker much like it did the Saturn brand. But it appears that The General is still willing to look for another interested party, and speculation is that ...

BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air 24 days ago on Autoblog

After riding in on a white horse, Koenigsegg Group AB has pulled out of negotiations to buy Saab from General Motors, leaving the Swedish automaker's future very much in doubt. In a brief statement issued by GM (available after the jump), president and CEO Fritz Henderson says that the company ...

Swedish Pickle: Study says GM lost $5,000+ on each Saab sold over the last 8 years 28 days ago on Autoblog

When the automotive history of the last ten or so years is written, one of the most curious chapters will be why big, flush with cash American car companies purchased relatively diminutive, relatively oddball Swedish brands. Ford and Volvo, while still not a match made in heaven, at least gave ...

REPORT: Saab dealers 'running out of cars' 1 month ago on Autoblog

With new vehicle production at a trickle, and its dealer network slashed by a third, retailers of the Saab brand are finding inventory shrinking to drought levels. Some of the remaining dealers may even run out of new vehicles before replacements arrive. Point the blame towards the pending ...

Koenigsegg reportedly rejects 81 out of 218 U.S. Saab dealers 1 month ago on Autoblog

According to Automotive News, Federal Express letters arrived at 81 of Saab's 218 dealers on Thursday stating that their franchises had not been selected to move forward and become a dealer for the post-sale entity, Saab Cars North America. The package from General Motors said that Swedish ...

REPORT: BAIC/Koenigsegg may produce Saab 9-5 in China 1 month ago on Autoblog

Beijing Automotive Industry Holding Co. (BAIC), announced as a minority partner in Koenigsegg's deal to purchase Saab from General Motors two months ago, plans to produce the Saab 9-5 on Chinese soil next year. The involvement of BAIC in the Saab transaction helps Koenigsegg close the deal and ...

VIDEO: 700-HP Saab 99 Quattro Turbo is like missing Koenigsegg ancestor 1 month ago on Autoblog

Sweden has just over nine million people – that's an entire country whose population is just a little bigger than New York City – and we'd believe it if someone told us they exclusively devoted their time to blessing the world with peculiar automotive concoctions. We'd file this ...

REPORT: Saab in "expansionist mood," plots own 9-3 replacement, new compact 1 month ago on Autoblog

The talk has begun: last week the outlines of Koenigsegg's intent for Saab was publicized, now the sports car company is flapping their jibs to back it up. The 9-5 and 9-4X that GM developed will be arriving shortly, and behind those is the 9-5 SportCombi. The gem for Saab fans is the mention ...

Swedish report says Koenigsegg wants to sell fewer Saabs for more money 1 month ago on Autoblog

Just because Koenigsegg is working to by Saab doesn't mean that the maker of million dollar coupes plans to spend time in the mass-market end of the buying pool. In fact, according to Swedish newspaper Dagens Industri, Koenigsegg wants to make more money selling fewer Saabs, which it can only do ...

Rendered Speculation: Saab 9-5 gets its SportCombi on 1 month ago on Autoblog

Opinions have been mixed over the overall shape of the new Saab 9-5. The detailing, as we found at the pivotal sedan's debut at the recently concluded Frankfurt show, takes the Swedish automaker's aerospace-inspired design to a new level of sophistication, but some believe that the silhouette cut by ...

REPORT: First step of Saab salvation complete, EIB to give €400m loan 1 month ago on Autoblog

Like Great Britain, Sweden never switched over to the Euro – they still deal in kroners. Therefor, In order to keep Saab afloat after being jettisoned by General Motors, new owner Koenigsegg Group has determined that it needs a loan of about 415 billion kroners to keep the flood waters ...

Saab pondering Detroit suburb for new U.S. headquarters? 2 months ago on Autoblog

Having concluded the relationship with its former sugar daddy, GM, Saab is scouting locations for its new corporate headquarters to make a fresh start. According to one report, that location could be Royal Oak, Michigan, about fifteen miles from Detroit. Saab apparently has $2.2 million to ...

REPORT: Major obstacle cleared as Swedish government to guarantee $615M EIB loan for Saab 2 months ago on Autoblog

A major hurdle in Saab's transfer to the homegrown hands of Sweden's Koenigsegg has been surmounted: the Swedish government has agreed to guarantee a 4.3 billion kroner ($615M U.S.) loan from the European Investment Bank to the Koenigsegg consortium. That represents the final funding the maker ...

Spy Shots: Koenigsegg to rebadge Saabs in its own image? Not so much 2 months ago on Autoblog

How much does it take to turn a Saab into a Koenigsegg? The half-billion dollars in funding the niche automaker is locking down to acquire the erstwhile General Motors subsidiary? The million euros one of its supercars sells for? How about 116 kronor? That amounts to about $16.50, and it's how ...

REPORT: Outgoing Saab 9-5 to live on... as Chinese BAIC 2 months ago on Autoblog

If Billy Joel is right that only the good die young, the outgoing Saab 9-5 has been very, very bad. In automotive terms, the 9-5 is positively ancient, having first seen the light of day in 1997 and getting very little in the way of meaningful changes since that time. If, though, you happen ...

Frankfurt 2009: 2010 Saab 9-5 is proof there's still some flight left in the ol' Griffin 3 months ago on Autoblog

To be honest, there have been points at which it felt like this new Saab 9-5 would never see the light of day. To say that the outgoing model had grown long in the tooth would be a colossal understatement, and in the hyper-competitive market that is the globe's entry-level premium segment, the ...

REPORT: Saab developing hybrid powertrain for upcoming 9-5 3 months ago on Autoblog

We've already heard about the five engine options slated for the Saab 9-5 upon its debut at the Frankfurt Motor Show next week. Apparently, there's plenty more on the horizon in the coming years, including Saab's first production hybrid powertrain. According to Autocar, the hybrid system will ...

REPORT: China's Beijing Automotive takes minority stake in Saab 3 months ago on Autoblog

It had been reported that SAIC had quietly taken a stake in Saab in conjunction with the Koenigsegg Group. However, it's been confirmed that Beijing Automotive -- which also recently made a play for Opel -- has grabbed a share of the Trollhätten pie. BAIC provided the $400 million ...

VIDEO: Saab 9-3X commercial is all about changing perspective(s) 3 months ago on Autoblog

Saab really has been changing perspective lately, from the look of its cars to the people who decide on the look of its cars. That kind of thing will happen when you enter bankruptcy and are sold back into the bosom of your homeland. So this Saab 9-3X commercial is a, yes, quirky, look at the ...

Saab spills at least a few beans about its forthcoming 9-5 [w/new pics] 3 months ago on Autoblog

It's been about a month since a batch of photos of the new 2010 Saab 9-5 showed up online thanks to a leaky German magazine. With only three weeks to go until the Frankfurt Motor Show, Saab has just dropped a press release and a fresh batch of images of its new flagship. With a profile that will ...

VIDEO: Christian Von Koenigsegg talks about the future of Saab 3 months ago on Autoblog

Fun fact: Sweden has more innovations per capita than any other nation on earth. Well, that's what Koenigsegg CEO Christian Von Koenigsegg says in a an interview posted on YouTube. Koenigsegg is going to need a lot of innovation and a bit of luck with its forthcoming purchase of Saab, as the ...

REPORT: Saab deal between GM and Koenigsegg finalized 4 months ago on Autoblog

The deal has been signed, but the cash still hasn't changed hands. In a nutshell, that's where the share transfer agreement between GM and Swedish manufacturer Koenigsegg sits. Those close to the deal say the two companies have agreed on a very low price for Saab, but the exact figures are ...

Koenigsegg's bid for Saab in trouble? 4 months ago on Autoblog

Reports from Sweden indicate there may be a rough road ahead for Koenigsegg as the niche supercar maker works to complete its deal to purchase bankrupt automaker Saab. Last Friday, Swedish newspaper Goteborgs-Posten reported that one key investor was considering pulling out of the deal. Later, ...

Charting out Saab's upcoming model lineup 4 months ago on Autoblog

There are many folks who've wanted big things from Saab, including this blogger, but we never seemed to get them. The company sold 93,220 cars in 2008, a drop of more than 25% from the previous year, and getting sucked into this year's General Motors saga hasn't exactly helped to create any ...

Pics Aplenty: Saab shows off its 9-5 in full high-res glory 4 months ago on Autoblog

It didn't take long for the floodgates of official pictures to open after the first set of leaked images gave us an early glimpse at the new 2010 Saab 9-5 inside and out. Just as before, we're cautiously optimistic that this attractive sedan (though it's appearance is certainly polarizing to ...

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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