" />

Posts tagged as:

saab

Done Deal: Spyker owns Saab

February 23, 2010
Thumbnail image for Done Deal: Spyker owns Saab

Finally, after months of negotiations, the deal between General Motors and Spyker is done and Spyker now owns Saab. While deals of the transition period have yet to be revealed, at least Saab fans around the world can breath a sigh of relief knowing that their brand will live on.
GM press release after the break

Read the full article →

Saab is Saved!

January 26, 2010

Whew! When it seemed extremely unlikely that Saab had any chance of survival. Spyker and GM announced a binding agreement for Spyker to buy Saab from the General. The future of Saab has been in question ever since GM announced a formation of a new company with four core brands-Chevy, Buick, GMC and Cadillac. Saab [...]

Read the full article →

Koenigsegg Backs Out of Saab Purchase

November 24, 2009

In what could potentially be a fatal blow to Saab, Koenigsegg Group AB notified General Motors that they have backed out of their plan to purchase the Swedish automaker. GM released a brief statement today that they were saddened by the news, and would be meeting to decide the fate of Saab in the next [...]

Read the full article →

Koenigsegg signs letter of intent regarding Saab.

June 12, 2009

The sale of GM’s Swedish brand Saab has been fraught with red herring after red herring (no pun intended). While many Swedish observers have reported several companies from China, Italy and Germany being the potential new owners, it seems that Saab will be in Scandinavian hands.
According to Svenska Dagbladet,  Koenigsegg has signed a letter of [...]

Read the full article →

Top three bidders for Saab named

May 12, 2009

According to the newspaper Göteborg Tidning an unnamed source at General Motors suggests that the top three bidders hail from three countries.
Chinese auto firm Geely, Italy’s Fiat, and a German investment bank are the three most likely to purchase Saab from their current owner General Motors. The source also added that current GM CEO Fritz [...]

Read the full article →

2010 Saab 93X

May 11, 2009

I think I might have actually shed a tear when I drove up to the Trollhättan offices of Saab. I am not some Saab groupie and this is my Graceland, rather I saw what was once an innovative auto manufacturer wondering if there will be a tomorrow. I was invited by an old friend and [...]

Read the full article →

Welcome to The Garage: John Heintzman

May 11, 2009

Oh man! Am I ever glad my photography skills have improved over the past 15 years. Way back in the early Nineties, I spent a season as John Heintzman’s crew chief. That’s him up there in the blurry Suzuki at some rally circa 93. The following year, John took the role of team owner and [...]

Read the full article →

GM: Viability Update

April 27, 2009

Without a doubt the biggest news from GM today was that Pontiac would be phased out, but there are other points worth mentioning here. GM confirmed that the “resolution” of Saab, Saturn and Hummer will be decided by the end of 2009 at the latest. To recap, Saab has filed with the Swedish government to [...]

Read the full article →

Saab Files for Bankruptcy

February 20, 2009

Days after GM informed the US Department of the Treasury it intended to sell Saab Automobiles and request funds from the Swedish government to aid in making the company independent, Saab themselves filed for bankruptcy in the Swedish court system. Sweden rejected GM’s request for cash. The filing is Saab’s quickest means of establishing themselves [...]

Read the full article →

2009 Saab 93 Aero Xwd

January 4, 2009

I have to admit that I’ve always been a bit of a sucker for offbeat cars. Let’s face it, a car with a few design quirks just has more personality than your neighbour’s WonderBread minivan. The strange thing is that the more recent varieties of Saab just haven’t jumped out and grabbed my attention as [...]

Read the full article →

← Previous Entries