• Dec 14, 2009
2010 Saab 9-5 - click above for high-res image gallery

Here's a little bit more on the salvation/debacle of Saab. First of all, it should be pointed out that after our last report about Holland's Spyker trying to buy Saab, the freaks lovely people over at Saabs United pointed out some gaping holes in our reporting an inconsistency or two with the Reuters/our version of the facts. As such, we've gone ahead and vetted the information we're using for this post with the brain trust over at Saabs United. Hey, they really like Saabs, what can we say? And now, on to the story.

Automotive News
is reporting that China's Beijing Automotive Industry Holding Company (BAIC) has reached a deal with General Motors to acquire the tooling for both the Saab 9-3 and 9-5. Not so fast, says Saab's United! What they actually acquired is the tooling for the old 9-5, as well as the stuff for the pre-2006 9-3. Sort of a big difference, as obviously Saab's just getting geared up to roll out the all new 9-5 – and whomever winds up buying Saab will most likely want to offer both it and the existing 9-3 and its derivatives. Spyker's CEO Victor Muller confirms the BAIC deal is for "old equipment" and goes on to characterize the BAIC deal as, "Good news."

Then there's a bunch of no commenting. Obviously, General Motors has no comment on anything, though they do say that once a deal is reached they will say something. As far as we can tell, the pending Spyker deal is still a definite maybe. BAIC could not be reached to make a "no comment," and Saab's Eric Geer's stated, "
We can't comment on anything about the sales process." Though our Saabs United source does provide us with a juicy tidbit, "[Geer's] wife is Saab's head legal counsel so he's like the canary in the coal mine. If he ever resigns suddenly..."

So there you have it – Saab's future is still totally up in the air. Though our source says that in addition to the 9-5 sedan, there's a 9-5 wagon (SportCombi) that's "pretty much ready to go" as well as the 9-4x which has, "
been ready for about a year but Caddy had to get the SRX out first." Plus, a new 9-3 is being worked on. And one more thing – Saabs United is reporting that a Swedish group (not Renco) is also in talks with GM, in addition to the Spyker deal. We'll keep you posted.



[Source: Automotive News – subs req. | Saabs United]



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  • 19 Comments
      • 5 Years Ago
      I hope they manage to find a worthwhile buyer that will give Saab the attention it deserves. It'd be a shame to lose yet another storied brand this year!

      - R
        • 5 Years Ago
        Agreed. Heres hopping the swedes buy it back. Im glad to see only the old bits went BAIC.
        • 5 Years Ago
        I've got about $25K in the bank... can I finance the rest?!
        • 5 Years Ago
        I'd love to see Sweden make a go of Saab as a state-owned manufacturer.

        Heaven knows, there aren't enough of *those* around right now...
      • 5 Years Ago
      Maybe I’m being optimistic but a “Swedish Group” sounds a lot like Koenigsegg coming back in the game. There have been interviews with both Bark Eker and Christian von Koenigsegg saying they are still interested in Saab. It would be fun to see a Saab that benefits from performance technology provided by Koenigsegg mated with the top notch interior quality and money from Spyker (and their backers).

      And Jonny, we’re not freaks per say, were just enthusiasts that appreciate the real world performance, style, utility and uniqueness of Saabs. I have not been vocal about it but I have seen gross errors in reporting across nearly all sources of media during the entire Saab selling process. Needless to say I have lost what little faith I had in many of the outlets, even the Wall Street Journal which was one of my last somewhat trusted sources. At least the team at Autoblog understands cars and the automotive industry; it has been painfully evident that the majority of news companies are hopelessly disconnected.
      • 5 Years Ago
      I'm glad i haven't seen senseless bashing of Spyker since its owned by a Russian billionaire , usually most of you have a problem with russian people for some reason.
      • 5 Years Ago
      Wait a minute. They've been sitting on the 9-4X for a year, even though Saab is starved for new product?

      One doesn't know what to say...
        • 5 Years Ago
        that's okay, just blame China, everyone's doing it!
      • 5 Years Ago
      @ stk718

      > Heres hopping the swedes buy it back. Im glad to see only the old bits went BAIC.

      Well, Saab still requires funding to develop new models. BAIC was going to supply that funding( on the condition that new models be badged both Saab and Beijing) under Koenigsegg agreement, but BAIC's not gonna fund for new Saab development.
        • 5 Years Ago
        I don't think what has happened today with BAIC is any different than what was planned with with Koenigsegg deal. I do not recall ever seeing BAIC was going to badge engineer the "new" models i.e. 2010 9-5. This deal is great for SAAB.
      • 5 Years Ago
      If the old tooling has been sold to BAIC then would the new buyer of Saab have the ability/right to stamp old parts? Maybe i'm wrong but I was always under the impression that a manufacturer had to keep a certain number of new old stock parts available for repairs.
        • 5 Years Ago
        @ Alex

        > If the old tooling has been sold to BAIC then would the new buyer of Saab have the ability/right to stamp old parts? Maybe i'm wrong but I was always under the impression that a manufacturer had to keep a certain number of new old stock parts available for repairs.

        I am sure BAIC would be happy to sell the spare parts to Saab.
      • 5 Years Ago
      Saab is now doomed.

      Chinese got what they wanted, and prospective buyers don't look strong enough to keep Saab going.

      Saab's only chance of survival was a sale to one of existing major automaker or some Japanese or Korean automaker, but it is not likely to happen.

      Saab's a goner in 5 years. Chinese will then comeback to pick up Saab brand for $1 million at Saab liquidation auction.
      • 5 Years Ago
      Nice passive-aggressive strikethroughs there, Lieberman. Maybe you should just take a little more care in reporting next time, rather than regurgitating someone else's inaccuracies.
      • 5 Years Ago
      Just saw the new 9-5 at the LA Auto Show and was quite impressed. Still not as characterful as pre-GM Saabs, but a step in the right direction, understanding that buyers in its market segment are pretty conservative. I truly hope they find a good home.
      • 5 Years Ago
      spyker bidding should be interesting
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