• Apr 22, 2011
It looks like Volvo and Saab won't be teaming up to create one Swedish carmaker to rule them all. According to Reuters, Volvo has made it clear that the company has had no talks with Saab about buying the besieged automaker and that none are scheduled to take place. The Swedish newspaper De Telegraf had previously reported that the Swedish government was urging Volvo into talks with Saab about a potential takeover. The move would mean that a government loan previously granted to Saab by the European Investment Bank would have a greater chance of being repaid.

Saab has hit (further) rough waters in recent months with multiple supplier hiccups resulting in production stoppages including instances of the automaker being unable to pay for parts. In addition, sales fell well short of 2010 forecasts, resulting in a further cash crunch. The Swedish automaker has since performed a few economic stunts to get production rolling again, including selling the company's properties and re-leasing them at a lower cost.

In related matters, Automotive News reports that Saab CEO Victor Muller is looking to broker a deal with a Chinese automaker to help finance the company, although it is understood that Beijing Automotive Industry Holding Co. is not one of those parties. BAIC, you may recall, purchased old Saab assets (the previous generation 9-3 model, among other things) back in 2009 for $200 million, and it also expressed interest in buying Saab from General Motors before Muller's Spyker stepped in and completed the purchase.

[Sources: Reuters, Automotive News]


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    • 1 Second Ago
  • 9 Comments
      benzaholic
      • 3 Years Ago
      It's a shame watching Saab die like this, but I have less belief each day that they will have a happy ending. I wonder if you can get some CRAZY deals on a new Saab right now, what with the unclear value of a "manufacturer's warranty".
        kevsflanagan
        • 3 Years Ago
        @benzaholic
        You can get a new 2010 9-5 Aero for about 30k atm...They are pricing them to move right now since they want/need more 11's on the lot.
        ImAmerican
        • 3 Years Ago
        @benzaholic
        Goodbye Saab, nice know'n ya.
      CarlChongKC
      • 3 Years Ago
      They should merge because they are both in Sweden, and their markets are relevant to each other.......Unlike BMW and Rolls Royce, which are VERY different.....
      Barry
      • 3 Years Ago
      just let it die theirs a reason why it won't live nobody wants them only th loyalest & thats not enough sorry Saad Saab Story guy's
      RobbieJR
      • 3 Years Ago
      So many mistakes in one article... a) De Telegraaf = Dutch, not Swedish b) Saab has not sold it's properties! c) Production is still at a standstill at Saab! At the moment Saab has no money and the production lines are at a complete standstill.
      Red Giant
      • 3 Years Ago
      Every day I feel my Saab gets closer and closer to becoming a Yugo. Well minus the sanctions on the auto manufacturers home country and all the bloody fighting and whatnot...
      richuyinxiang
      • 3 Years Ago
      whick stupid automaker's gonna help muller ?
      kevsflanagan
      • 3 Years Ago
      Still unsure why the Sweedish government has not approached that other Super Car Maker that resides right in their own country yet? Christian was about to sign papers but GM messed it up. I'm sure he'd still like to own a portion of the company if he could have some say in how the company works. And lets be honest right now they need his money and possibly his vision.
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