Saab is officially building cars again. Production of the 9-3 Sedan has kicked back off in Trollhättan, Sweden, and the first example is reportedly earmarked for the company's museum. Initial sales are targeted for China, although Swedish customers will also be able to buy new Saabs built in their country right away, too. It isn't immediately clear if the model will be available in the rest of Europe, let alone in North America.
The new owner of Saab, National Electric Vehicle Sweden, has bolted together its first two new cars at the company's traditional home in Trollhättan. The two 9-3 sedans were built to work bugs out of the production line and test newer components before full-scale production starts near the end of the year.
Saab is gearing up to start production of the 9-3 again in September, two years after the last exampled rolled off the assembly line at the company's Trollhättan factory, Aftonbladet reports. Saab's new owner, National Electric Vehicle Sweden AB (NEVS), a Chinese-Japanese consortium created solely to buy Saab, says that the model's parts supply is the bottleneck in the production process, understandable since many of Saab's suppliers closed after it stopped production two years ago. The aut
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 service North America's estimated 500,000 owners.
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.
Part of the sideshow in the Saab revival circus has been the waning and waxing fate of the Saab Museum Trollhättan, Sweden. The U.S. Heritage Collection was sold to two U.S. collectors earlier this year, while the Swedish museum's collection was rescued from breakup by three Swedish interests: the city of Trollhättan, SAAB AB and The Wallenberg Foundation.
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 ever louder.
It looks like Saab has managed to reach a deal with Hemfosa Fastigheter AB to secure short-term funding. The automaker has sold 50.1 percent of its Trollhättan properties to the Swedish real estate consortium for $39.98 million. Saab will then enter into a 15-year lease agreement in order to continue to use the properties. Right now, the deal encompasses around 5.2 million square feet of building space, though the consortium has the option to purchase more shares of the property until 30 da
Six weeks have passed since Saab was forced to halt production of its 9-3 and 9-5 models in Sweden due to a lack of funds needed to pay suppliers. The automaker had hoped to get production back up and running after it agreed to a deal with Chinese automaker Hawtai Motors, but that plan was scrapped after the agreement failed to materialize.