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Top 5 Saab models of all time
Tuesday, December 20, 2011
Rather than pointing fingers and highlighting the bad decisions that eventually doomed the Swedish automaker, we at Auto123.com have decided to pay tribute to five memorable Saab models that conquered the hearts of many consumers and enthusiasts.
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Saab goes bankrupt
Monday, December 19, 2011
Ladies and gentlemen, Saab is now officially dead. That's it. No more twists and turns. No more hope.
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Saab sold to China's Pang Da and Youngman
Friday, October 28, 2011
China's Pang Da and Youngman have added another chapter to the Saab saga by entering into a memorandum of understanding regarding the purchase of 100% of the agonizing automaker's shares.
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Saab says no to saviours
Monday, October 24, 2011
It's now the eleventh hour for Saab. The automaker has broken the agreement with partners Youngman and Pang Da, who were to inject 340 million into Saab's coffers and help it avoid the financial meltdown that now seems more imminent than ever.
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2006-2009 Saab 9-5 Pre-owned
Saturday, October 08, 2011
The latest complete generation of the Saab 9-5 was available to Canadian shoppers from model years 2006 to 2009, at a point where the automaker was, yet again, undergoing turmoil and uncertainty regarding their future.
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Major turnaround for Saab
Wednesday, September 21, 2011
Even though the Saab saga has now reached a saturation point, you have to admit that the automaker is like a stubborn pit bull that keeps fighting and never lets go.
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It's official: Unions to put Saab bankrupt
Monday, September 12, 2011
The inevitable scenario in the minds of just about everyone finally took place today: the Unionen and Ledarna unions have officially applied for Saab to be declared bankrupt by a Swedish court.
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Saab is toast: Swedish court rejects reorganization plea
Thursday, September 08, 2011
Yesterday, Saab filed for a voluntary reorganization similar to GM's in 2009 and kept the tiniest hope of survival alive. But the agonizing automaker is for whom the bell tolls today, after a Swedish court rejected its plea and pushed it toward bankruptcy.
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Saab: not quite a bankruptcy, but a ''voluntary reorganization''
Wednesday, September 07, 2011
Faced with growing financial setbacks, idling plants and the inability to meet payroll, Saab today sought protection from creditors in a Swedish district court, preparing for a voluntary reorganization instead of a full-on bankruptcy.
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Saab is two weeks away from bankruptcy
Friday, August 26, 2011
The list of setbacks plaguing Saab continues to grow. According to a Swedish radio station, the automaker is about to file for court protection against creditors and undergo a corporate transformation similar to that of General Motors in 2009.
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Saab and the evolution of the wheel
Saturday, August 13, 2011
Inside Saab, the Swedish manufacturer's official blog, decided to give us an overview of the evolution of its wheels over time.
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For whom the bell tolls: Saab now unable to pay wages
Thursday, June 23, 2011
Bad news keep coming at Saab, which seems to be unable to get financially back on track despite commendable efforts by its parent company Swedish Automobile (formerly known as Spyker Cars). Now, we've learned that Saab employees were told via email this Thursday morning that no money will hit their accounts by June's end.
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Saab production on hiatus for 2 more weeks
Wednesday, June 22, 2011
Despite agreeing to a rescue package from two Chinese car companies, Saab is forced to halt production yet again. The Swedish manufacturer announced yesterday that output at its Trollhattan plant would stay still for another two weeks (June 20-July 3). Apparently, Saab has still not secured an agreement with all of its suppliers.
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Two Chinese companies hold majority stake in Saab
Tuesday, June 14, 2011
Saab announced today that it had made a deal with Chinese companies Zhejiang Youngman Lotus Automobile and Pang Da, who together will bring an infusion of 351 million dollars to the Swedish automaker, helping it get back on its feet after several months of financial turmoil.
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Saab suspends production once more
Friday, June 10, 2011
Weeks go by and it's business as usual at Saab. Not! The automaker today revealed that its Trollhättan plant will temporarily suspend production yet again as some parts suppliers are reportedly still waiting for payments.
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Saab PhoeniX Concept
Sunday, May 29, 2011
Remember those exaggerated, super-sleek and over-the-top concept cars from your childhood? The ones that sent imaginations on fire, brought awe to young minds and provided a glimpse into an exciting motoring future? From first glance, the Saab PhoeniX is one of those concepts.
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Saab may restart production next week
Wednesday, May 18, 2011
The last we heard, Saab was expecting to relaunch production this week. As we now know, the Hawtai deal fell threw, thwarting the Swedish automaker's plans and forcing it to negotiate a new deal with Chinese distributor Pang Da. The company is currently poised to open discussions with its suppliers regarding its debts and is looking to get the assembly chains rolling again normally next week.
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Saab finally safe? Spyker strikes deal with Chinese distributor
Monday, May 16, 2011
Saab's financial troubles would make for one action-packed movie. After Spyker Cars (who owns the Swedish automaker) struck a deal that finally ended up falling through last week, we learned this morning that Pangda, a Chinese manufacturer, stepped up to the plate with a 110 million euro investment.
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It's a SAAB story...
Thursday, May 12, 2011
Like a chicken with its head cut off, running aimlessly around looking for rime or reason, SAAB's running out of options.
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Saab president predicts arrival of Chinese cars in North America in 2-3 years
Wednesday, May 11, 2011
Last week, Saab signed a deal with Chinese firm Hawtai Motor Group to extricate itself from a financial mess and restart vehicle production. Victor Muller, president and CEO of Saab, said a Chinese manufacturer could be selling its products in the US and Europe for as little as $10,000 in 2 to 3 years, by way of a network of distributors such as Saab's.
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2012 Saab 9-4X Preview
Friday, May 13, 2011
It's been a stressful few years for Swedish automaker Saab, but with a recent buyout by Spyker and the promise of a refreshed and dynamic new product lineup, things are potentially looking up for the brand.
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An end to the nightmare? Saab to restart production within a week
Wednesday, May 04, 2011
Unable to pay its suppliers and faced with an important financial crisis that forced it to shut down its assembly lines twice and for a long period of time, Saab's ordeal may be coming to an end thanks to the help of its owner, Spyker Cars.
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Cash-strapped Saab halts production yet again
Wednesday, April 06, 2011
Last week, we reported that Saab had to halt car production for three full days after several of the Swedish automaker's bigger suppliers stopped deliveries due to unpaid bills.
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Saab in financial straights, but confident
Thursday, March 31, 2011
After Saab shut assembly lines down for a few hours on March 29, industry analysts and observers voiced their concern about the state of the Swedish automaker's finances and its future. Today, Spyker Cars N.V. confirmed that some suppliers had stopped delivering parts while discussions are currently underway concerning payment and supply terms and conditions.
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Jan Åke Jonsson steps down as Saab's president
Friday, March 25, 2011
Swedish manufacturer Saab announced the departure of its president, Jan Åke Jonsson, as of May 19, 2011, after six years at the helm. Jonsson, 59, says he's decided to concentrate on areas of his life other than work.
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Saab calls on its fans for a new marketing campaign
Friday, March 11, 2011
Saab recently launched a marketing campaign dubbed "The Story of Saab," recounting its rich history before it was acquired by General Motors. To complete the online effort, the automaker has decided to ask its long-time admirers to create banners starring themselves and explaining their link to the manufacturer.
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Toronto 2011: Saab's confident optimism
Tuesday, March 01, 2011
Having risen dramatically from the near-dead, one would expect Saab to be proclaiming its vitality from every rooftop. Yet the newly resuscitated company's presence at the CIAS was low-key, tucked away in a tiny corridor behind the Concorso Exotica display. A last-minute decision to attend the Toronto Show left organizers struggling to find space - fortunately with only 3 cars in their portfolio, the Saab display fit snugly into the hallway.
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Saab celebrates divorce from GM with 9-3 Independence Edition
Thursday, February 24, 2011
For most people, a divorce is a long, difficult process - but not for Saab. In order to celebrate its first year of independence from General Motors, the Swedish automaker launched the Saab 9-3 Independence Edition.
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Saab 9-4X enters production
Tuesday, February 15, 2011
The first Saab 9-4X crossover rolled off the assembly line of the Ramos Arizpe plant in Mexico today, three months after its initial unveiling at the Los Angeles Auto Show.
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Saab 9-5 SportCombi set for Geneva debut
Thursday, January 20, 2011
Based on the 9-5 sedan, the all-new Saab 9-5 SportCombi will make its debut at the 2011 Geneva Motor Show. With the launch of this model, scheduled to arrive in the U.S. this fall, the Swedish automaker will bring a distinctive alternative to the premium large wagon segment.
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Saab is Back for 2011
Thursday, January 13, 2011
To say that Saab is back is actually a misstatement. Saab was the only one of the General Motors divisions that never went out of business. Production was halted, but while Pontiac, Hummer and Saturn were shut down, Saab continued to sell cars in North America. Only the factory in Sweden was mothballed.
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2010 LA Auto Show: Saab 9-4X and 9-3 ePower Concept
Wednesday, November 17, 2010
There's a lot riding on the shoulders, er, fenders of the 9-4X. Since Saab split from GM, the crossover debuting today in LA is only the second release for the now Spyker-owned company. Built on the new Cadillac SRX platform, the 9-4X will feature a 265-hp, 3.0-litre V6 or a 300-hp, turbo 2.8-litre V6 underhood and an available Haldex all-wheel drive system. It will share similar design cues with the 9-5 sedan, and features a well-appointed cabin.
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Saab: first 12 dealers in Canada
Tuesday, November 02, 2010
As Saab is slowly re-entering the Canadian Market, it has announced the first 12 dealers that will open for business in the country. The vehicle line-up will initially include the 9-3 in sedan, SportCombi and convertible configurations, the 9-3X wagon as well as the brand-new 9-5. A 9-4X crossover will also appear next year.
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New Saab 9-4X coming in North America in May
Tuesday, October 19, 2010
The new 9-4X brings unique Saab design and engineering values to the growing, luxury mid-size crossover segment. Distinctive Scandinavian and aircraft-inspired looks are combined with car-like handling and ride characteristics: this is a vehicle which delivers driving and design appeal in equal measure.
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Saab Automobile and BMW sign gasoline engines deal
Wednesday, September 29, 2010
TROLLHATTAN, Sweden -- Today, Saab Automobile and BMW announced an agreement for the supply of engines to be used in next-generation Saab vehicles. Under the purchase, supply and development agreement, BMW will supply Saab with 4-cylinder 1.6 liter turbocharged gasoline engines from 2012. The engines will be adapted to meet Saab's specific requirements.
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Head of Segway dies in a Segway accident
Monday, September 27, 2010
The owner of Hesco Bastion Ltd, Jimi Heselden, died yesterday in an accident seemingly implicating a Segway, the one-person electric vehicle manufactured by his conglomerate.
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2011 Saab 9-5 Preview
Friday, August 06, 2010
Saab vehicles are returning to the Canadian market this fall, as a 20-dealer network is currently being set up. A familiar face is back as the 9-3, available in sedan, SportCombi wagon and convertible body styles. A 9-3X wagon and a 9-4X crossover will appear, while the 9-7X has been dropped.
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Saab back in Canada this coming August
Friday, July 30, 2010
Now that the purchase of Saab has been completed between GM and Spyker Cars, the Sweden-based brand can now aspire to rekindle with its loyal customer base.
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Spyker Has Paid Off GM For The Saab Brand
Tuesday, July 06, 2010
Zeewolde, the Netherlands - Spyker Cars N.V., manufacturer of premium automobiles under the Saab and Spyker brands, today confirmed it has paid the second and final instalment of the purchase price for Saab Automobile AB (''Saab'') to General Motors (''GM'').
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The new Saab 9-5 advertising campaign (video)
Saturday, June 05, 2010
The new Saab 9-5 certainly does look refreshing in the newly-formed Saab Spyker Automobiles group's latest advertising campaign. What's telling in this video is that the rain seems to end right at the beginning... Well, here's to Saab and hoping that the rain will not come back another day or any time soon for that matter.
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Saab is back in Canada!
Tuesday, May 11, 2010
Saab Cars North America (SCNA) and International Fleet Sales (IFS) announced today the return of Saab to the Canadian marketplace. SCNA and IFS are developing the process necessary to import and distribute new Saab vehicles throughout Canada beginning with 2011 model year vehicles. Approximately 20 dealers have already expressed interest in the opportunity to sell the luxury brand.
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Driven By Consumer Demand Shelby Expands GT350 Line
Thursday, May 06, 2010
Las Vegas - Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK) will expand the 2011 Shelby GT350 program to offer a normally aspirated version aimed at competition in Sports Car Club of America events and allow the street car to be ordered with an automatic transmission.
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Ferrari.com Speak Chinese
Sunday, May 02, 2010
Maranello - In occasion of the opening of the Expo of Shanghai Ferrari for the first time in its history is launching a Chinese version of its official site. This will be the fourth language that visitors can choose from. It is further proof of the importance that the Chinese market represents for Ferrari and comes straight after the historic world premiere of the 599 GTO at the Beijing Auto Show and contemporaneously with the presentation of the Hybrid concept, the Hy-Kers, at the Expo'.
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Saab Continue to Offer OnStar Hardware and Service to Customers
Friday, April 16, 2010
Detroit - Saab Cars North America has reached an agreement with OnStar to continue to offer OnStar subscription service to Saab customers under the automaker's new owner, Spyker Cars NV. The agreement begins with model year 2010 vehicles and applies to Saab vehicles sold in the United States.
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First Cars Manufactured By Saab As An Independent Company
Monday, March 22, 2010
The production lines at Saab Automobile's state-of-the-art Trollhättan plant began rolling again today, heralding a new era for the Swedish premium car maker as an independent company. To mark the occasion, Saab Automobile CEO Jan Åke Jonsson, Spyker Cars CEO Victor Muller and Trollhättan Plant Director Gunnar Brunius took up positions on the line alongside assembly workers as the first batch of cars was built.
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Saab Cars North America Announces New Headquarters
Wednesday, March 17, 2010
Saab Cars North America today announced that its headquarters will reside in Royal Oak, Michigan, creating or retaining approximately 2000 jobs in North America. The company will invest $2.4 million to enhance its U.S. Sales and Marketing operations. Saab Automobile AB was recently purchased by the Dutch automobile company, Spyker Cars NV.
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2011 Saab 9-5 Saloon at Geneva Auto Show
Monday, March 01, 2010
The all new Saab 9-5 Saloon signals the start of a new era for the Saab brand. Sleek, sophisticated and unmistakably Saab, it combines stand-out looks with advanced technologies and will bring a fresh alternative choice to the premium sedan segment when sales start later this year.
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Spyker Provides Details On SAAB Acquisition
Tuesday, February 02, 2010
ZEEWOLDE, The Netherlands - In advance of the General Meeting of Spyker shareholders, to be held on 12 February 2010, and which was convened on 28 January 2010, Spyker Cars N.V. ("Spyker") provides further strategic and financial details regarding its acquisition of Saab Automobile AB ("Saab").
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Spyker Cars: Reaction On Press Speculation About SAAB
Monday, January 25, 2010
Zeewolde, the Netherlands,- Spyker Cars N.V., manufacturer of exclusive premium sports cars, has noted recent press speculation about the SAAB negotiations. Spyker confirms that talks are ongoing, the outcome of which is still uncertain. As SAAB is currently in liquidation talks must end soon.
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GM Statement Regarding Saab
Friday, January 08, 2010
GM today confirmed it has selected AlixPartners to supervise the orderly wind down of Saab, and has requested approval of the selection by the appropriate authority in Sweden. The use of a wind down supervisor is a commonly-used process in Sweden and works in the interest of the shareholder.
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Saab go bye bye... or not?
Thursday, January 07, 2010
I'm sad. Are you sad? Just a little? Not at all? In fact, I'm nearly upset about the loss or potential loss of Sweden's other manufacturer, the other-other one being Volvo of course.
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Saab Brand To Be Wound Down
Friday, December 18, 2009
Detroit. General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved. As a result, GM will start an orderly wind-down of Saab operations.
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Statement Spyker Cars on interest in Saab
Wednesday, December 02, 2009
In response to market enquiries,Spyker Cars confirms that it, together with its shareholder Convers Group,hasexpressedan interest in SaabAutomobile AB. If and when we are able to comment further, we willdo so but we are unable to provide more information at this time.
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All new Saab 9-5 sedan: start of a new era for Saab
Thursday, August 27, 2009
Making its public debut at next month's s IAA in Frankfurt, the all new Saab 9-5 sedan announced today signals the start of a new era for the Saab brand. Sleek, sophisticated and unmistakably Saab, it combines stand-out looks with advanced technologies and will bring a fresh alternative choice to the premium sedan segment when sales start later in model year 2010.
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Koenigsegg and GM Tentative Agreement on Saab
Tuesday, June 16, 2009
Zurich - General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab's future.
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Saab to remain in Swedish hands
Friday, June 12, 2009
While the news has yet to be made official, all signs point to Saab being purchased from General Motors yet remaining in Swedish hands. Domestic manufacturer Koenigsegg, specialized in ultra-premium sports cars, just signed a Letter of Intent (LoI) with the support of the Swedish government, as reported.
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2010 Buick Allure, 2011 Chevrolet Cruze and 2010 Saab 9-3X at NYIAS
Wednesday, April 08, 2009
The future of GM was on full display at this year's New York International Auto Show (NYIAS). In line with the automaker's plans to reduce fuel consumption and emissions across their model lineups, new gas-saving technologies and hybrids were the name of the game at GM's expansive exhibit.
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2009 Saab 9-3 Aero XWD Review
Sunday, April 12, 2009
You may not be familiar with SAAB, the car company and the reason for that
is the company tends to make quirky cars that aren't easily pigeonholed in
mainstream buyers minds. They are in effect ''that other Swedish car maker''
which at one time was more famous for their Viggen attack fighters than
their cars.
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News & Events Multimedia
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Gone is the dash-mounted flower vase in the latest version of Volkswagen's Bug. Gone too is much of its cutesiness, replaced by a notable degree of sportiness intended to broaden the Beetle's target market by attracting male attention.
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