• Apr 15, 2011
Are the dark clouds parting over Trollhättan? According to Saabs United, it's starting to look that way. Swedish automaker Saab has just received a green light that will allow it to borrow money from a European bank.

Saab's plant is now owned by a company called Saab Automobile AB Properties, and that company is run by Vladimir Antonov. No money has yet been transferred, but this move clears the way to make that happen... pending a few conditions. The price paid for any property must be fair (whatever that means), Antonov will have to resolve any outstanding questions regarding his history and the money will go through a bank that has no connection to Antonov. It's clear that the automaker is still nervous to do business with Mr. Antonov, but the time has come where cash is urgently needed.

There's still no word yet on when production will resume. A sign that this is close to occurring, however, has come by way of suppliers agreeing to start sending in needed parts. Head over to Saabs United for more insight on this most recent development in the ongoing Saab saga.

[Source: Saabs United | Image: Fabrice Coffrini/AFP/Getty]


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    • 1 Second Ago
  • 12 Comments
      • 3 Years Ago
      Saab builds one of the few "FUN" cars available today. I wish them success!
      • 3 Years Ago
      I'm happy that saab got financing and i'm happy to see the new 9-3 when it comes out any body agree??

      P.S. even the old 9-3 griffin is better than the 2011 jetta
        • 3 Years Ago
        @NWcamper,

        Very true, but also very not what Saab wants to hear. The 9-3 isn't supposed to compete with the Jetta, but in fact it does after all the incentives. The fact that the 2011 Jetta has an atrocious interior doesn't help either. In any case, I bought a 2010 9-3 Sportcombi because it was just a nicer car for less money than a 2010 Sportwagen. People need to stop listening to one sided reviews citing the high MSRP of Saabs. Yes, at the MSRP, Saabs are not competitive. With incentives, they're a bargain.

      • 3 Years Ago
      I'm quite certain that SAAB has no problem doing business with Mr Antonov. It's completely bogus the amount of flack he's unjustly received.

      SAAB too for that matter. Why does everyone like to pick on this lovable, pleasure-seeking brand?
      • 3 Years Ago
      The story or saga of Saab is more intrigueing that Saab products in production..(as fine as they are) This is more like a movie plot than just the story of an automobile company...

      Russian powerplay reeks (SP) of cold war episodes of James Bond...007...

      JB
      • 3 Years Ago
      Dead Man Walking?

      Funny how so many reader comments are so positive, but no one is buying their cars? Seems strange that a brand with such support would be struggling. Suggest if anyone really cares about Saab.. they go out and buy one tomorrow, otherwise the brand is doomed because they have no sufficient cash flows.

      No sales = no revenue = no Saab.

      It’s that simple.
        • 3 Years Ago
        I bought one.... i don't recall the exact #, but IIRC they sold about 35k cars last year... after coming to a complete halt, restarting a company (the new 9-5's didn't even start trickling in to the country until August or so), getting supplier issues sorted and all of that fun stuff... not exactly horrible... less than they hoped for, yes, but seriously... So many people look confused when i'm driving the 9-5, many thought GM shut the brand down. They are outselling Jaguar right now according to the monthly sales reports on this site (i guess they only post US sales here, don't know about world wide). The new 9-3 is what its all riding on IMO, the first car outside of GM's rule.
      • 3 Years Ago
      This is great news. I have just recently gotten interested in these cars and I can't wait to see the new models they have in mind, particularly the ones that hark back to the Saab 90 series cars of the 60's.

      And maybe it's just me, but whenever I see the new 9-5 sedan in person, it gives me goosebumps...especially when compared to a similarly priced 528i or E class Benz. The latter two cars may be better spec-wise, but they just aren't as cool. Not even close.
      • 3 Years Ago
      That's great! We can still have our Subaru level cars with pretentious bimmer and Merc prices. Rejoice!
        • 3 Years Ago
        Next time you have a thought.... just let it go.
      • 3 Years Ago
      Bust out the Aquavit!