Saab CEO Retires, Victor Muller Named As Interim Replacement

Saab CEO Retires, Victor Muller Named As Interim Replacement
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Saab CEO Jan Ake Jonsson will retire from Saab on May 19th, with the 59 year old executive leaving Saab during a tumultuous time. Saab Chairman Victor Muller will act as interim CEO as a search for a replacement gets underway. Jonsson, who was reportedly planning to retire regardless of the situation, will assist with… Continue Reading...

Saab Premium Small Car Could Use Donated Platform from Another Automaker

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Saab Premium Small Car Could Use Donated Platform from Another Automaker
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With an eye on emerging markets, as well as the growing small premium segment, Saab execs have made it clear that an entry level model designed to take on the Aud A1 and BMW 1 Series is on their radar. Now comes word that a small premium Saab, likely named the 9-1, could arrive sooner… Continue Reading...

Saab Looking to Break Even Next Year Despite Reduced Sales of Just 80,000 Units

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Saab Looking to Break Even Next Year Despite Reduced Sales of Just 80,000 Units
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After having never turned a profit under General Motors, Saab is looking to break even next year. According to company CEO Jan Ake Jonsson, the automaker is in good shape now thanks to loans and cash obtained by selling the rights to the old 9-5 model to China’s Beijing Auto. According to Jonsson, the turn-around… Continue Reading...

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg

GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg
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General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide… Continue Reading...

Saab Buyers Now Down to Just Two

Saab Buyers Now Down to Just Two
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It seems like there is a new update in the Saab and Saturn sell-off every day… so why stop now. Yesterday we reported that the list of Saab buyers was down to three and now that list has been shortened to just two suitors. Saab CEO Jan-Ake Jonsson told Swedish business paper Dagens Industri that… Continue Reading...