The last few weeks haven't been easy for Saab, as the Swedish automaker has had to stop production twice due to supplier issues. Not just any problems, either, as the suppliers wanted to get paid, and Saab simply didn't have the cash. That led
The negative news for Saab continues to spill out, and the latest bit of gossip continues to paint a dark picture for the Swedish automaker. Reuters reports that parts suppliers are looking to collect on "tens of millions of crowns" in unpaid invoices (10M crowns is around $1.58M U.S. dollars).
Last week, Saab ran into production problems when some suppliers stopped shipment of parts due to lack of payment. The news led to speculation that the Swedish automaker was running out of cash. And it didn't help that outgoing Saab CEO Jan-Åke Jonsson seemed to Chris Shunk
Yesterday, Saab was met with a slight production hiccup. The Swedish automaker's parent company Spyker Cars confirmed that production briefly ground to a halt at its Trolhättan assembly plant when a number of suppliers stopped the flow of parts due to non-payment of bills.
Since it opened for business at the turn of the millennium, Spyker Cars has charted an unusual path. Essentially re-inagurating a brand no one had ever heard of in a country not exactly known for automobile production, the Dutch automaker then set about launching its own F1 team. That venture ended up failing, so Spyker pulled another surprise move when it bought Saab from Noah Joseph
General Motors still owns a hefty chunk of shares in Saab. So many shares that it was actually able to block Vladamir Antonov from being a shareholder. Mr. Antonov is the Chairman of Conversbank Financial Group, which owns a major stake in Dutch automaker Spyker, and he has expressed a desire to be part of Saab. Now, GM is reportedly ready for
In the past year, Saab has gone from a near-death experience to an automaker searching its audience. The Spyker-owned automaker claims it is looking for about 120,000 annual sales, but it expects to be profitable by 2012. While the company has a long way to go before sniffing those meager totals, Saab owner Victor Muller is still thinking about going public in the company's home market.
Earlier this year, Adrian Hallmark was appointed to the position of executive director of Saab's global sales efforts. After just seven months on the job, reports are that he has resigned to take a position with Jaguar as the Global Brand Director, effective December 1. Hallmark had taken his position at Saab just two months after the company was purchased by Jeff Glucker
Spyker Cars has released an official statement confirming that it is in talks with BMW about future component sharing. The rumors surrounding this topic had initially suggested that BMW would lend Saab its Mini Countr
According to Reuters, the Swedish government is pursuing a $15.9 million debt that it says is owed by Saab. The country said that if the carmaker's newest owner, Spyker, didn't turn over the funds by September 20, that it would leave the matter in the hands of its official debt collector. Since that date has already come and gone, we can only imagine that there's a crack team of burly look
Eduard Gray's Saab 92010 Sixten concept – Click above for high-res image gallery
An accounting rule, among other things, is ostensibly to blame for Spyker posting a loss and having to declare negative shareholder equity with more liabilities than assets. According to Automotive News, the new owner of Saab had counted General Motor's $326 million in redeemable preference shares in the company Jonathon Ramsey
Saab: A History in Pictures – Click above for high-res image gallery
Spyker C8 Laviolette joins Jay Leno's Garage – Click above to watch video after the jump
Spyker C8 Laviolette LM85 – Click above for high-res image gallery
Spyker C8 Aileron Spyder at Galpin Spyker – Click above for high-res image gallery
