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 |  Jan 27 2010, 5:46 PM

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With Saab enthusiasts rejoicing about their beloved company cheating death, the Swedish automaker’s new owner Spyker Cars, is hoping those very same folks will put their money where their mouth is – literally.

Saab will reportedly begin U.S. sales of its new 9-5 flagship this Spring.

We don’t have any specifics on the U.S. model but in Europe the car will be offered with five different turbocharged engines, all of which will be paired with six-speed transmissions. The engines include a 160-hp 2.0-liter turbo diesel, a 220-hp 2.0-liter gasoline engine and a range-topping 300-hp turbocharged 2.8-liter V6 – the same engine found in the Cadillac SRX. Both front-drive and AWD models will be available. Later on, Saab will also offer a 180hp 1.6-liter turbocharged gasoline engine as well as an E85-capable 2.0-liter motor.

Notable features on the new 9-5 include a heads-up display driver information system, adaptive lighting, adaptive cruise control, Saab DriveSense adaptive suspension, keyless entry and starting, tri-zone air conditioning, dynamic parking assistance and the option of AWD with Saab’s impressive eLSD system.

We expect Saab will offer both the 220-hp and 300-hp engines in the U.S.

Saab also has plans to begin production of the 9-4X crossover, based on the same platform as the Cadillac SRX, in the near future.

GALLERY: 2010 Saab 9-5

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[Source: AutoObserver]

Breaking: GM Agrees to Sell Saab to Spyker

Deal to be finalized next month

 |  Jan 26 2010, 1:51 PM

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General Motors has just announced it has reached an agreement to sell its loss-making Saab division to Dutch exotic car maker Spyker Cars NV. Saab and Spyker will form a new company, Saab Spyker Automobiles and the deal is expected to be finalized in February pending approval by several regulatory bodies and the Swedish government.

“Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM VP for corporate planning and alliances.“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we’re all happy for the positive outcome.”

The new Saab Spyker Automobiles company is expected to move forward with a plan to bring Saab more up-market, selling fewer vehicles but at higher (and more profitable) pricepoints. No indication has been given as to when Saab will re-start production, with enthusiasts eagerly anticipating the new 9-5 model (above), which dealers have already taken orders for.

Official release after the jump:

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