Three former Saab executives, including former CEO Jan-Aake Jonsson, were arrested by Swedish prosecutors in an accounting fraud probe.
Swedish automaker SAAB has gone through a lot of tough times lately. They’ve finally hit rock-bottom, going bankrupt in 2011. Their vehicles were quirky, yet luxury oriented and safe. Saab these days is looking to sell its assets, with two Chinese companies looking to make the move.
According to a recent study in the UK, Audi and MINI are among the automakers with the most engine failures.
Saab is dead, but that isn’t stopping Saab Parts North America (SPNA) from launching a support program for recent owners.
Saab Automobile Parts North America (SPNA) has entered into a Warranty Services Agreement with General Motors so that current Saab owners have access to official parts and accessories along with having their vehicles repaired by Saab factory trained technicians.
National Electric Vehicle Sweden (NEVS), the new rightful owners of Saab, might hasten its relaunch plans by resurrecting the 9-3 model in conventional gasoline form next year.
Saab‘s new owners, National Electric Vehicle Sweden (NEVS), is looking forward to resurrecting the brand, and one model under consideration is a 9-3 convertible electric vehicle.
After the recent sale of Saab to National Electric Vehicle Sweden (NEVS), there were still some issues regarding the use of the griffin head logo, but now that has been resolved, and NEVS will move forward with its plan to build electric vehicles on existing Saab platforms.
Now that Saab is officially bankrupt, owners of aging Saab models are looking for new cars to purchase and enjoy. A recent study conducted by Polk reveals which automakers Saab owners have defected to.
Saab may be bankrupt, but that isn’t stopping BMW from suing its Saab Automobile Parts division for $3.2 million plus interest for unpaid deliveries.
Over 249,000 SUVs are being recalled for a possible fire risk with the window and door lock switches for vehicles sold or registered in 20 states and Washington, D.C. where salt and other chemicals are used to clear roads in the winter.
Here we go again. Just when we thought the Saab buyout saga would be coming to a quiet conclusion, Dutch automaker Spyker has filed a lawsuit against General Motors on behalf of Saab, accusing GM of intentionally driving Saab into bankruptcy.
News broke back in early June that Saab would be sold to National Electric Vehicle Sweden (NEVS), but it appears that the official and final takeover will be delayed at least a month, if not more.
The new owner of Swedish company Saab is seeking the rights to use the Saab name and logo on a new generation of electric cars.
A stockpile of about 900 Saabs is finally set to be sold off after having sat in three U.S. ports since December 2011 as collateral in the company’s financial snafu.
The story behind Saab’s death as a company, prolonged struggle to sell and recent rebirth as a company that will make EVs probably has present owners in the U.K. breathing a sigh of relief.
The future of Saab will have less to do with airplanes and more to do with household appliances, with the news today that a Chinese-Japanese investment group has purchased the bankrupt Swedish automaker.
The what seems to be the never-ending saga of Saab‘s bankruptcy may finally be at an end. It appears that a deal has been struck with the National Electric Vehicle Sweden (NEVS), a Swedish-registered firm that made a bid late last month.
While the ongoing saga of Saab‘s bankruptcy seems to have no end, the Swedish automaker’s parts and service division has expanded to North America, offering the half a million Saab owners in the U.S. service for their vehicles.
Time and time again, China’s Youngman tried, and failed, to buy Sweden’s now defunct Saab, but it looks like an eligible bidder might have finally entered the circle with a chance to acquire the company.
The saga of Saab‘s bankruptcy seems to be never ending, but that hasn’t dampened the spirits of Saab enthusiasts. The last Saab 9-3 Griffin is scheduled to come off the production line at the end of this month, and SaabsUnited is hoping to purchase the vehicle and place it at the Saab Cars Museum.
As the Saab bankruptcy saga starts to come to a silent end, or so we hope, the deadline for companies to place their final bids for the Swedish carmaker has been set for April 10th. Currently, the only company that has publicly registered its interest is Chinese automaker Youngman that has been in the picture…
Since Saab‘s bankruptcy, multiple automakers and outfits have expressed interest in purchasing the Swedish marque albeit no deals were sealed. As for Saab Cars North America (SCNA), the distribution company continues its fight against an involuntary bankruptcy filing in Delaware by its dealers and is working to move the case to Michigan. In the meantime,…
Despite the demise of the Saab automaker, racing team Tidö and Flash Engineering are hard at work developing and performing shakedown tests on their new Saab 9-3 TTA race car that will compete in the Swedish Racing Elite League. Recently, the Saab 9-3 TTA was seen conducting first round testing in France with Swiss driver Fabian…
The future of Swedish automaker Saab is still up in the air, but that hasn’t dampened the spirits of Saab enthusiasts that still love their cars. Flash Engineering has just unveiled the 9-3 TTA race car that will compete in the Swedish Racing Elite League this year. In a way it’s nice to see that…