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. Continue Reading...
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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. Continue Reading...
Left languishing in the wake of Saab’s failure, Swedish luxury supercar maker Spyker desperately needs investors to stay afloat but it may be too much to ask for the company to overcome its current catch-22. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
Back in 2009, Beijing Auto was able to purchase the rights to several Saab platforms, engines and transmissions. Now that buyout will result in the C70, set to debut at the upcoming Beijing Motor Show. Alright, so it’s not actually a new Saab per se, but the C70 is one of three Saab-based models that… Continue Reading...
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… Continue Reading...
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,… Continue Reading...
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… Continue Reading...
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… Continue Reading...
Despite the tragic demise of the Saab brand, former Saab CEO Victor Muller isn’t going to quit just yet. Found wandering around the 2012 Geneva Motor Show during its first press day, Victor Muller announced, “I’m a reborn man!” Victor Muller elaborated upon the proclamation and revealed details to keep Spyker Cars, the Dutch hand-made… Continue Reading...
Swedish automaker Saab is attracting more interest dead than alive. The officially bankrupt automaker is in the process of liquidating its assets and former rivals are lining up to buy a piece of the much-talked-about but little-bought maker of quirky cars. Recent reports indicated that German automaker BMW was interested in purchasing Saab, but we… Continue Reading...
The ongoing saga around Saab’s bankruptcy seems to never end, and this time around there may be six to seven serious bidders for the Swedish automaker, one of which is believed to be BMW. At their weekly press conference, the company touched on its pressing salary situation for its current employees and mentioned that it… Continue Reading...
Nails just keep dropping in Saab‘s coffin, despite Chinese company Youngman’s attempts to sway the tide otherwise. The latest detail in what’s become a sad saga of failure has to do with dealerships and their reaction to being caught in the fallout. It’s probably easy to forget, but if an automaker goes belly-up, the folks… Continue Reading...
Now, the Debt Office has reported that the outstanding balance on the loan (equivalent to some $325 million) has been paid, making the Swedish government the former automaker’s largest creditor. Continue Reading...
Last week we reported the news that Saab was auctioning off the vehicles in its museum, with over 120 different models looking to be separated from one another. It appears that Saab enthusiasts and the city of Trollhättan, where the museum is located, wasn’t too keen on that idea. The museum has been saved thanks… Continue Reading...
A Turkish private equity firm, Brightwell Holdings, has announced its interest in placing a bid on now bankrupt Swedish automaker, Saab. The firm, based out of Istanbul, invests in energy, transport and technology and wishes to buy all of Saab and wishes to keep production in Sweden. “We will make a bid very shortly, there’s… Continue Reading...
Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid. Apparently the company hasn’t given up on getting Saab back up and running. According to Dagens Industri, a Swedish business news organization, the Chinese firm is submitting a £430 million offer, or about $560 million…. Continue Reading...