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Saab News

Saab is a Swedish brand of luxury vehicles. It was the only non-core brand that General Motors was able to sell rather than shut down after emerging from Chapter 11 bankruptcy in July 2009. Founded in 1944, the company has roots in the Swedish aerospace industry building planes for the Swedish air force. Unfortunately, after a tumultuous few years and many owners, Saab formally went through bankruptcy and what remained was sold to National Electric Vehicle Sweden in 2012.

Saab Vehicles:

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    Saab
    NEVS completes Saab purchase, earns right to brand name but not griffin badge
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    According to the Associated Press, a Hong Kong-based concern is close to building new Saab models. After some delays, National Electric Vehicle Sweden (NEVS) has completed the purchase of bankrupt Swedish automaker Saab. NEVS says it plans to debut an electric vehicle in about 18 months. When the car comes to market, it will wear the Saab name, but ...

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    Saab
    Report: NEVS completes Saab purchase, earns right to brand name but not griffin badge
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    According to the Associated Press, a Hong Kong-based concern is close to building new Saab models. After some delays, National Electric Vehicle Sweden (NEVS) has completed the purchase of bankrupt Swedish automaker Saab. NEVS says it plans to debut an electric vehicle in about 18 months. When the car comes to market, it will wear the Saab name, but ...

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    Report: What brands have Saab owners defected to? Polk investigates
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    When a brand goes belly-up, it's natural for analysts to wonder where that brand's consumers will turn. General Motors has mothballed more car brands the last decade than most other automakers' have in their entire portfolios, so "Where did [insert brand here] buyers go?" has been a common question asked of The General. According to reports, it didn't do ...

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    Saab
    Official: Spyker and Youngman sign deal, plan to build D8 SUV and Phoenix-based range
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    It appears Spyker is strengthen its ties and carmaking ability with Chinese carmaker Youngman. This comes in the wake of the brand's latest dealings with a $3 billion lawsuit against General Motors regarding the demise of Saab. Youngman is reportedly investing €10,000,000 ($12.5M USD) for a 29.9-percent stake in the company. The shares are being ...

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    Saab
    Report: GM granted 30-day extension on Spyker's Saab-related lawsuit
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    General Motors has asked for more time to reply to the lawsuit brought by Spyker over the Saab affair, and Spyker has agreed to extend the deadline one month until September 28. A quick refresh: Spyker has accused GM of tortious interference in Saab's dealings with the Chinese investors that might have been able to save the company, and intentionally and ...

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    Saab
    Recalls: GM recalling 250,000 SUVs over door electronics
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    After a door-fire investigation that dates back to February, the National Highway Traffic Safety Administration has officially announced a recall today that affects around 250,000 General Motors SUVs for a faulty driver's door module. The recall applies to the Buick Rainier, Chevrolet Trailblazer, GMC Envoy, Isuzu Ascender and Saab 9-7X from the 2006 and ...

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    Breaking: Spyker files $3 billion lawsuit against General Motors over Saab's demise
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    "Smack." That's the sound of Spyker's process server dropping a big ol' pile of legal documents on the doorstep of The Renaissance Center, home of General Motors – or wherever GM's attorneys live during business hours. Contained therein is a Complaint, filed in the U.S. District Court for the Eastern District of Michigan and demanding a jury trial, ...

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    NEV deal to buy Saab delayed
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    Remember a month and a half ago when we told you that Saab will "soldier on?" Well, we should have written "stand at attention." According to SaabsUnited, the deal for National Electric Vehicle Sweden to buy the remaining Saab assets didn't close on schedule. In fact, it's been delayed by "a month, perhaps more." NEVS also seems to have indicated that ...

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    Saab
    Report: NEV deal to buy Saab delayed
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    Remember a month and a half ago when we told you that Saab will "soldier on?" Well, we should have written "stand at attention." According to SaabsUnited, the deal for National Electric Vehicle Sweden to buy the remaining Saab assets didn't close on schedule. In fact, it's been delayed by "a month, perhaps more." NEVS also seems to have indicated that ...

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    Auctions: eBay Find of the Day: 1985 Saab Turbo Limo is the ultimate high school reunion ride
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    Yes, we've seen this 1985 Saab 900 Turbo limo for sale before. But somehow, this time is just seems more right. And we've got more pictures this go-around. With the Saab brand now dormant and little hope for a true renaissance, save for one that comes in name only, Saab's future must lie in the celebration of great cars of its past. And what better way ...

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    Saab
    Report: New owners still struggling to secure rights to use Saab name
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    Not to state the obvious, but if you're going to buy an automaker, it's probably advisable to secure rights to use the name. That's what the new owners of Saab are trying to work out after buying the iconic Swedish automaker earlier this month, Automotive News reports. National Electric Vehicle Sweden (NEVS), the Chinese-Japanese conglomerate, acquired ...

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    Saab
    Last 900 Saabs heading to auction
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    If you've been wanting to get your hands on one last new Saab but missed out on the great Saab sell-off when Saab Cars North America declared bankruptcy, well, your ship has now come in. Actually, it came in last year – but hundreds of new Saabs got waylaid at ports in California and New Jersey because of the bankruptcy, according to SaabWorld.net. ...

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    Saab
    Saab majority buyer headed by businessman with biofuels background
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    More good news for Saab enthusiasts big on alt-fuel transportation. The China-based entity slated to be the majority owner of Saab is headed by a tycoon that runs companies in the biofuels industry, the Associated Press reports. Kai Johan Jiang, who once worked for Volvo Trucks, heads a company called National Bio-Energy Group that builds power plants ...

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    Saab
    Report: NHTSA opens door to expanded Chevy Trailblazer fire probe
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    The investigation into Trailblazer blazes has moved onto the next level, according to Reuters. Back in February, the National Highway Traffic Safety Administration started investigating 2006-2007 model year Chevrolet Trailblazers after receiving a dozen complaints about fires breaking out in door panels. Now the federal agency will be conducting an ...

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    Saab
    Saab reborn as all-electric car company after sale to Asian-Swedish consortium
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    This may not spell great news for one specific reporter trying to get parts for his '99 Saab 9-3, but electric-vehicle proponents may want to party. The Swedish automaker is officially under contract to be acquired by National Electric Vehicle Sweden AB (NEVS) for an undisclosed price. The company is described as "an international consortium formed by ...

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    Saab
    Report: Saab to hire 200 engineers, might build gas cars with Mahindra
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    The brand formerly known as Saab is still intent on teaching The Little Engine That Could a few ticks about persistence. We say "formerly known" because it turns out that National Electric Vehicle Swedent (NEVS), the Sino-Japanese investment consortium that just bought the majority of Saab's assets, minus Saab Automobile Parts AB, may not actually own the ...

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    Saab
    Report: Saab Lives! Sold to Chinese-Japanese consortium NEVS
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    Despite all odds, Saab will soldier on. The Detroit News reports National Electric Vehicle Sweden AB has agreed to purchase a majority of the bankrupt automaker. The consortium is owned by Hong Kong-based National Modern Energy Holdings Ltd. and the Japanese investment group Sun Investment LLC, and that the two created NEVS just to purchase Saab. The ...

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    Saab
    Breaking: Saab sold! Again. Probably.
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    You'll note that we have yet to remove Saab from the dropdown menu at the top of the Autoblog home page. Indeed, for a bankrupt company that hasn't built a new car from scratch yet this year, Saab generates a surprising amount of news, however, little of it has been the good kind. Perhaps that will all change today, as this latest report indicates that ...

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    Saab
    Official: Saab Automobile Parts AB throws lifeline to North American owners
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    To say that the future of Saab as an automaker remains murky is being charitable at best, but that doesn't mean there isn't a loyal body of customers with real needs. In the wake of the Swedish marque's bankruptcy, U.S. and Canadian Saab drivers were left without a clear supplier of parts and services, but now Saab Automobile Parts AB has stepped in to ...

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    Saab
    Report: Youngman bids anew for Saab
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    After withdrawing its original $492 million bid for Saab, Zhejiang Youngman Lotus Automobile has returned to the bidding with a fresh offer of $552 million, according to a report from Bloomberg. Right now, Youngman is bidding for Saab against a group comprised of a Japanese investment firm, Sun Investment and Hong Kong-based National Modern Energy ...

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