It’s official, Saab has agreed to be sold to Chinese automakers Youngman and Pang Da. The automakers have signed a memorandum of understanding for the outright purchase of Saab. The news comes just weeks after Saab turned its back on a previous takeover bid. Sadly, Saab has been struggling for some time, and the automaker’s [...]
saab
Saab has had a rough couple of months. Actually, the Swedish automaker has endured a rough couple of years. However, things are starting improve. Not only is the brand preparing three all-new models with the help of its new Chinese partners, but the all-new 2012 Saab 9-4X crossover has earned the coveted “Top Safety Pick” [...]
As Saab rebuilds its brand after a long and unproductive period under the ownership of General Motors, the Swedish automaker is now preparing the next-generation 9-3 sports sedan. Currently, the 9-3 rides on a highly modified version of GM’s Epsilon I platform. According to the latest reports, the Epsilon architecture will not make it to [...]
Dutch sports car make Spyker has sold its luxury sports car business to CPP Global Holdings Ltd, a coachbuilder based in Coventry, England. The automaker, which purchased Saab from General Motors, is looking to focus entirely on the Swedish brand without distraction. The acquisition comes as production of Skyker’s C8 Aileron flagship supercar ramps-up. Meanwhile, [...]
Saab may have been on the brink of destruction not too long ago, but the Swedish brand’s new owner, Spyker Cars, is moving right along with new products, concepts, and partnerships. Aside from the 9-5 sedan’s recent release, Saab is now preparing to launch the 9-4X crossover. Although it won’t be making its official debut [...]
Saab may have averted extinction, but the Swedish brand still has plenty of difficult work ahead as it freshens its lineup and strengthens its brand. Nevertheless, the automaker isn’t deterred, and at the Paris Motor Show Saab will show off its first foray into the electric vehicle market. The Saab 9-3 ePower EV isn’t going [...]
GM has officially announced it will be discontinuing the Saab brand. After failed talks to sell the brand to sports car maker Koenigsegg, and more recently with Spyker Cars, there was little hope for the loss-producing brand. Both Saab and GM looked for a quick resolution, which ultimately led to an agreement with China’s Beijing [...]
Since the collapse of the deal between Koenigsegg and General Motors, the future of the Saab brand seemed to be in serious jeopardy. However, in a statement released this afternoon, General Motors confirmed that there are other parties interested in the Swedish automaker. Unfortunately, GM’s recent financial constraints have put a tight timetable on these [...]
We may be seeing the first signs of a Saab resurgence. The Swedish brand had largely been ignored under GM control, and now that the reigns of the company will soon pass to exclusive sports car manufacturer Koenigsegg, the brand may get the attention it deserves.
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In an effort to make concessions that will reassure those on Capitol Hill and boost support for the bailout, GM has announced that it has placed Saab in “strategic review,” which loosely translated means it’s up for sale.
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