April 19th, 2012 |
Filed under: Convertible, Coupe, Performance, Europe, Plants/Manufacturing, Earnings/Financials, Luxury
Victor Muller’s on-again, off-again love affair with Spyker seems to be back on track. During the executive’s fling with Saab, Spyker was up for sale to the highest bidder. No one stepped forward to take the exotic Dutch luxury manufacturer off...
April 18th, 2012 |
Filed under: China, Europe, Saab, Earnings/Financials
Youngman has made another bid for bankrupt Saab, according to new reports. The Chinese automaker has offered to buy what’s left of Saab for $470 million at current conversion rates. The news comes courtesy of Dagens Industri. The newspaper also indicates that’s the absolute lowest the Swedish...
April 12th, 2012 |
Filed under: Saab, Spyker
What’s in a name? Just ask the people at Spyker.
Back in 2010, the small Dutch producer of exotic GTs bought an ailing Saab from General Motors and proceeded to focus all its energies on keeping it afloat. And as if to reflect that shift in focus, changed its name to Swedish Automobile NV – or SWAN for short.
Now that Saab...
April 11th, 2012 |
Filed under: Europe, Hirings/Firings/Layoffs, Plants/Manufacturing, Saab, Luxury
The Detroit News reports the sum total of the remaining Saab assets is worth less than a third of the defunct automaker’s debts. All told, the company owes a hefty $1.9 billion at current conversion rates, though its total property value rings in at a comparatively paltry...
April 4th, 2012 |
Filed under: Government/Legal, Saab, Earnings/Financials
Interested in purchasing a Saab? Heck, why not just buy the whole company? If you’re in the market, you’ve got until April 10 to put in a bid, and at present, the only rival you have is China’s Youngman.
Chances are, according to the administrators in charge of Saab’s liquidation,...
March 29th, 2012 |
Filed under: Saab
One of the postscripts of the travails of Saab Cars North America (SCNA) is this, a couple hundred 9-3 and 9-5 sedans left to the unkindness of coastal winds at a New Jersey port facility. According to the poster at Found Our Own Road, there are 900 cars in this Asphodel Meadows awaiting the resolution of the company’s fate.
Last we heard,...
March 24th, 2012 |
Filed under: Etc., Europe, Saab
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,...
March 24th, 2012 |
Filed under: Motorsports, Sedan, Europe, Videos, Saab, Racing
The Saab brand may be meeting its demise, but that doesn’t mean that its cars won’t live on for years to come. And we aren’t just talking about its passenger cars, either. Take, for instance, the Saab 9-3 TTA touring car we showed you last week. The racer, constructed by Flash Engineering...
March 14th, 2012 |
Filed under: Motorsports, Sedan, Europe, Saab, Racing
Saab is dead. Long live Saab?
Well, at least in the Swedish Racing Elite League. Says Jan “Flash” Nilsson, driver and Managing Director of Flash Engineering, “I have longed for 40 years to see the fight between Saab and Volvo on the race tracks. It becomes reality this summer and my biggest...
February 28th, 2012 |
Filed under: China, Europe, GM, Saab, Middle East, Luxury
Nearly three months on the Saab story is the same: company makes a bid, General Motors knocks it back. But this time, the latest round of corporate “He said/She said” puts Turkey’s Brightwell Holdings on the other side of the table instead of a Chinese company. Brightwell was the other...