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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
    Saab devotees rally to save last 9-3
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    The folks over at Saabs United have been a fixture on the Swedish automobile scene for some time now, cementing themselves as the hub for all manner of Saab news and gossip as the fight to keep the brand alive has ebbed and flowed over the past couple of years. So significant was SU's bond with the automaker that its principle, Steven Wade, had the ear of ...

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    Saab
    Report: Saab gets new $492M bid from Youngman
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    Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what's left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that's the absolute lowest the Swedish automaker's pledgees and real estate owners will accept to ...

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    Saab
    Official: Swedish Automobile changes name back to Spyker
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    What's in a name? Just ask the people at Spyker. Back in 2010, the small Dutch producer of exotic GTs bought an ailing Saab from General Motors and proceeded to focus all its energies on keeping it afloat. And as if to reflect that shift in focus, changed its name to Swedish Automobile NV – or SWAN for short. Now that Saab has gone bankrupt, ...

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    Saab
    Report: Saab's assets less than one-third of its debts
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    The Detroit News reports the sum total of the remaining Saab assets is worth less than a third of the defunct automaker's debts. All told, the company owes a hefty $1.9 billion at current conversion rates, though its total property value rings in at a comparatively paltry $532 million. The debt includes $89 million owed to former employees, $107 million ...

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    Saab
    Report: Want to bid for Saab? Get your paperwork in by April 10
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    Interested in purchasing a Saab? Heck, why not just buy the whole company? If you're in the market, you've got until April 10 to put in a bid, and at present, the only rival you have is China's Youngman. Chances are, according to the administrators in charge of Saab's liquidation, the sale of Saab assets – which includes Saab Automobile, Saab ...

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    Saab
    Hundreds of new Saab models spotted rotting at New Jersey port
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    One of the postscripts of the travails of Saab Cars North America (SCNA) is this, a couple hundred 9-3 and 9-5 sedans left to the unkindness of coastal winds at a New Jersey port facility. According to the poster at Found Our Own Road, there are 900 cars in this Asphodel Meadows awaiting the resolution of the company's fate. Last we heard, SCNA is still ...

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    Saab
    Will electric bid shock Saab back to life?
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    The future of Saab could be electric! If it has a future, that is. The Swedish firm famously filed for bankruptcy last December and since then, the saga to save the company has turned into a struggle to revive it. One of the biggest obstacles, it seems, is General Motor's unwillingness to allow the technology it licensed to Trollhatten to be transferred ...

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    Saab
    Video: Watch and hear Flash Engineering's awesome new Saab 9-3 touring car
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    The Saab brand may be meeting its demise, but that doesn't mean that its cars won't live on for years to come. And we aren't just talking about its passenger cars, either. Take, for instance, the Saab 9-3 TTA touring car we showed you last week. The racer, constructed by Flash Engineering and Team Tidö, is currently preparing to do battle in the ...

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    Saab
    Official: Saab 9-3 to live on in Swedish Touring Car racing
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    Saab is dead. Long live Saab? Well, at least in the Swedish Racing Elite League. Says Jan "Flash" Nilsson, driver and Managing Director of Flash Engineering, "I have longed for 40 years to see the fight between Saab and Volvo on the race tracks. It becomes reality this summer and my biggest dream is to get all Saab fans to the TTA races to cheer us ...

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    Saab
    Report: "Shocked" Brightwell drops Saab bid, blames GM intransigence
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    Nearly three months on the Saab story is the same: company makes a bid, General Motors knocks it back. But this time, the latest round of corporate "He said/She said" puts Turkey's Brightwell Holdings on the other side of the table instead of a Chinese company. Brightwell was the other publicly identified bidder for Saab that pledged to make a bid, along ...

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    Saab
    Rumormill: Volvo bidding for (parts of) Saab
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    Volvo is reportedly interesting in getting out its checkbook in search of a production parts bargain over at Saab. No, the 9-5 likely won't be wearing a Volvo badge any time soon, but the tooling that helped build parts for the big sedan could one day be in a Volvo factory. SaabsUnited quotes an unnamed source who states that Volvo is interested in ...

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    Saab
    Coda taps ex-GM, Saab executive John Anderson to run aftersales operations
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    Coda Holdings, parent company of Coda Automotive, has tapped former Saab and General Motors executive John Anderson to run aftersales operations for the Los Angeles-based electric-vehicle maker. Anderson's title will be vice president of aftersales and customer quality experience. Anderson's three decades in the automotive industry include stints as ...

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    Saab
    Report: At least 6-7 parties bidding on Saab... could BMW be one of them?
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    On this episode of As the Saab Turns: Bankruptcy administrators have bidders, and one of them might be a German carmaker! According to a post on Saabs United, "6-7 serious bidders" are trying to snag the remains of Saab. One European company "is German and located in Munich," according to the report, which notes that whatever company wins the Saab deal ...

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    Saab
    Report: Dealers trying to push Saab NA into bankruptcy
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    Saab North America acknowledged that the chances were exceptionally slim, but it hoped to avoid bankruptcy long enough to give another company a chance to buy it. Shortly after Saab NA appointed a third-party administrator, McTevia & Associates, it was decided there was no way to save the company short of liquidation, and on January 23, the ...

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    Saab
    Report: Sweden picks up tab on bankrupt Saab's EU loan
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    Way back at the beginning of Saab's struggle for life after General Motors, exotic car firm Spyker was granted a €400-million loan ($527M U.S.) from the European Investment Bank. The loan was approved after it was guaranteed by Sweden's Debt Office, and Saab's recent bankruptcy filing forced the Debt Office to back up the guarantee with a ...

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    Saab
    Report: Trollhättan buys entire classic Saab collection to preserve museum
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    Despite the popular saying, history cannot simply repeated. So, when faced with the possibility of losing the entire classic collection of cars that had made up the official Saab museum in Trollhättan after the officials in charge of the automaker's bankruptcy proceedings threatened to break it up, a few organizations stepped up to the plate to keep ...

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    Saab
    Report: Saab Cars North American undergoing bankruptcy liquidation
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    It's a Saab story, we know, but this is – in all likelihood – the end of the road for Sweden's "other" automaker. Sure, there are still talks of one foreign entity or another picking up where GM and Swedish Automobile (Swan)/Spyker left off, but even if they do, they'll have a heck of a lot of work on their hands. And that includes rebuilding ...

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    Saab
    Report: China's Youngman to wage new bid for Saab
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    Ladies and gentlemen, those of you preparing to leave the theater because you thought the Saab opera was over, well, take a seat. After sinking a fair bit of money into the troubled Swedish automaker while chasing the deal, Youngman isn't ready to walk away. According to Reuters, the Chinese firm is ready to make a new bid for the Swedish brand as soon as ...

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    Saab
    Report: Spyker considers closure as Saab parent Swedish Auto loses board members
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    Swedish Automobile NV ('Swan') continues to look to sell Dutch supercar manufacturer Spyker in the wake of the Saab bankruptcy. Swan said it will carry on with the sale despite the fact that the company's supervisory board has just abandoned the crippled enterprise. According to The Washington Post, Swan announced it had begun negotiations to sell Spyker ...

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    Saab
    Report: Saab cars headed to crusher, Trollhättan museum selling off 120 cars
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    The future hopes of Saab seem to have been crushed under the weight of insolvency, and that's going to translate into reality as about 100 Saab cars lingering on the production lines are cubed up into scrap metal croutons. Unconfirmed rumors suggest that the vehicular carnage will ensue over the next 48 hours as the death rattle from Trollhättan gets ...

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