Cars Blog » Saab

Update On Saab: Spyker To Buy!

Heather — Tue, 22 Dec 2009 22:30:06 +0000

For those of you that have been following the auto news surrounding Saab, there is an update! Finally, someone is going to purchase Saab and that is Spyker. T Spyker has extended the deadline on its final-final offer to purchase Saab from GM and I can tell you that this Dutch company is serious.

General Motors has set a deadline of December 31st to conclude its sale completely of Saab and while we know that Spyker is working on purchasing the brand, there are some obstacles that they are trying to overcome right now.

Hopefully – for all you Saab fans out there, the deal goes through and Spyker does end up purchasing the Swedish brand.

Koenigsegg Pulled Out Of Saab Deal: The Scoop!

Heather — Wed, 25 Nov 2009 22:30:49 +0000

If you are a Saab fan and you have been waiting on pins and needles to hear if Koenigsegg is actually going to buy Saab from GM – I am the bearer of bad news. Well – actually, autoblog.com is because that is where I caught this headline from. Koenigsegg is actually pulling out of the negotiations to buy Saab.

Right now – no one really knows what is going to happen with the Swedish automaker’s future right now. It is really unclear exactly what is going to happen but GM is going to take the next several days in order to actually assess the situation and figure out what they are going to do.

GM is really looking to get Saab off of their plate so they can move onto bigger brands but no one really seems to take all that much interest in this brand.

Koenigsegg takes over Saab from General Motors

Jonas — Tue, 10 Nov 2009 18:17:21 +0000

Koenigsegg Group and General Motors have reached the final table deal with regard to the fate of the Saab. After twenty years of American ownership, Swedish supercar maker Koenigsegg will have 100% control over the Saab brand.

The deal will be concluded after a few months and the Saab brand will know what lies ahead. Koenigsegg and GM will be handling necessary legal re-organization and discuss some closing conditions.

General Motors is expected to give transitional assistance for the operation of Saab. The Swedish government has also promised to inject some funding to the turnover.

For a certain time frame, Koenigsegg and GM will be sharing their services and technology guided by set agreements. The Swedish car maker plans to put into effect some solutions to revive Saab but it is a big job to prove for a company with only 50 employees that sell a number of $1 million cars annually.

The new investment will help Saab roll off 3 new models through the end of next year and hopefully will be back to its feet as a known technology innovator.

Saab plans to release the 9-3X, the new 9-4X, and the 9-5. The Koenigsegg Group on the other hand will utilize the existing facilities of Saab to produce their electric supercar, the Quant.

Saab’s sales figures last year were really a disappointment dropping by as much as 25.5% which translates to about 93,338 units. The performance is not expected to improve this year. Saab originally planned a reorganization last February.