Skip to main content

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:

Indicates a Reviewed Model
  • 0
    Saab
    Report: Saab Lives! Sold to Chinese-Japanese consortium NEVS
    1339597560

    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 ...

  • 0
    Saab
    Breaking: Saab sold! Again. Probably.
    1339101000

    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 ...

  • 0
    Saab
    Official: Saab Automobile Parts AB throws lifeline to North American owners
    1338994860

    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 ...

  • 0
    Saab
    Report: Youngman bids anew for Saab
    1338586200

    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 ...

  • 0
    Saab
    Saab to be saved by mystery Swedish electric car company
    1337882400

    The all-but-lifeless corpse of Saab continues to stagger forward in hopes of finding a juicy investor to sink its teeth into. Autocar reports that National Electric Vehicle Sweden is currently close to buying the brand's remaining assets. The freshly minted electric car consortium is helmed by none other than Karl-Erling Trogen, the former head of Volvo ...

  • 0
    Saab
    Report: Saab to be saved by mystery Swedish electric car company
    1337878920

    The all-but-lifeless corpse of Saab continues to stagger forward in hopes of finding a juicy investor to sink its teeth into. Autocar reports that National Electric Vehicle Sweden is currently close to buying the brand's remaining assets. The freshly minted electric car consortium is helmed by none other than Karl-Erling Trogen, the former head of Volvo ...

  • 0
    Saab
    Report: China's Youngman bails on Saab, Mahindra still in the mix
    1337792400

    Zhejiang Youngman Lotus Automobile has been jettisoned from the dwindling pool of bidders for Saab after tendering an offer of $492 million for the whole kaboodle. Exact reasons weren't given for Youngman leaving the table, but according to a report in Autoweek.nl, "Chinese bureaucracy" was partially to blame and there apparently wasn't complete ...

  • 0
    Saab
    Video: Saab victorious in inaugural Swedish Touring Car race
    1337176620

    The sequel to Frankenstein is being written in Swedish, by Saab. The ostensibly former car company could teach the good doctor about life after death, having earned itself more good news by winning the inaugural race of the Swedish Touring Car series. Team Tidö's black 9-3 racer was on pole and carried that lead all the way to the checkered flag. ...

  • 0
    Saab
    Report: Saab union asks Obama to pressure GM for licensing deal
    1337112060

    The door has not yet closed on Saab. Hoping for yet another 11th hour stay of execution, the defunct carmaker's chief union, IF Metall, has written directly to President Obama, asking him to intervene, according to Just-Auto. While on the surface, this may seem silly, it's actually rather clever, even if it has little likelihood of working. With the ...

  • 0
    Saab
    Official: Saab fans save the last 9-3
    1336663740

    Congratulations are in order: Saabs United has raised enough money to buy the last Saab 9-3, what is likely to be the last Saab of any sort ever produced. The group will be installing the car in the Saab Cars Museum on a permanent loan, as well as donating the additional money it raised during its fund drive. Forgive us for being just a bit cynical here, ...

  • 0
    Saab
    Saab devotees rally to save last 9-3
    1335988740

    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 ...

  • 0
    Saab
    Report: Saab gets new $492M bid from Youngman
    1334770140

    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 ...

  • 0
    Saab
    Official: Swedish Automobile changes name back to Spyker
    1334235600

    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, ...

  • 0
    Saab
    Report: Saab's assets less than one-third of its debts
    1334176140

    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 ...

  • 0
    Saab
    Report: Want to bid for Saab? Get your paperwork in by April 10
    1333543500

    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 ...

  • 0
    Saab
    Hundreds of new Saab models spotted rotting at New Jersey port
    1333058400

    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 ...

  • 0
    Saab
    Will electric bid shock Saab back to life?
    1332892800

    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 ...

  • 0
    Saab
    Video: Watch and hear Flash Engineering's awesome new Saab 9-3 touring car
    1332547020

    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 ...

  • 0
    Saab
    Official: Saab 9-3 to live on in Swedish Touring Car racing
    1331753460

    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 ...

  • 0
    Saab
    Report: "Shocked" Brightwell drops Saab bid, blames GM intransigence
    1330471200

    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 ...

Autoblog iPhone App
Shop for a vehicle