New Saab 9-4X SUV Arrives in the US, First Model Delivered in Ohio

Saab is still trying to work through its problems, but the Swedish carmaker has some good news from the States. The first examples of the firm�s new crossover, the Cadillac SRX-based 9-4X, have just arrived at US showrooms.
�Our first vehicles are just hitting retailers and our first customer sale took place last weekend at Saab North Olmstead in Cleveland, Ohio� said President and COO of Saab Cars North America, Tim Colbeck.

Read More

EIB Approves Lease of Saab�s Real Estate

The European Investment Bank has finally approved the lease of 50.1% of Saab Automobile�s property to a Swedish Consortium led by Hemfrosa Fastigheter AB for a period of 15 years. The deal is expected to net Saab Automobile 25 million Euros ($41 million).

Read More

Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7

Saab�s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.
In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

Read More

Saab Catherina

>

The Saab Catherina is a 1964 ancestor sports car, commissioned by the Swedish automaker Saab, advised by Sixten Sason and fabricated at the workshops of the Aktiebolaget Svenska J�rnv�gsverkst�derna (ASJ - the Swedish Railroad Works) in Katrineholm, Sweden (hence the name). It is a red, two-seat sports car with a targa top.Sason, who was alive as a contributor for Saab, fabricated some assets of a baby sports coup� in the aboriginal 1960s. As Saab was planning to acquaint a sports car model, the aggregation commissioned him to accept the architecture for accumulation production.[1] The activity began in January 1963 and in May the accumulation of the ancestor started at the ASJ. The ancestor was aboriginal displayed, however, alone on 24 April 1965, at the Link�ping Sports Centre.

Read More

More Good News for Saab as Swedes Receive �25 Million Loan

Another day, another new story for Svenska Aeroplan Aktiebolaget �or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a �25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan�s annual interest is 10% and the conversion price is �1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.

Read More

Saab Secures Further Funding by Leasing its Property

Another day, another chapter in the ongoing saga that is the survival of Saab. After yesterday�s order from a (yet unnamed) Chinese company, which temporarily solved its cash-flow problem, today the automaker announced that it has reached an agreement with a consortium of Swedish real investors led by Hemfosa Fastigheter AB, for the sale of 50.1% of Saab Property for a period of 15 years.

Read More

New Chinese Order Provides Saab with a Temporary Lifeline

Maybe the future of Saab isn�t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn�t the only solution. Well, at least for now. That�s because the Swedish automaker announced today that an unnamed Chinese company place an order to buy 582 cars, with a total value of � 13 million.
The pre-payment is to be received this week, giving Saab a much needed funding to pay its workers and suppliers. This, however, is only a short-term lifeline for the ailing company and the efforts to secure funds that will guarantee the brand�s future and restart production, which has been halted again since June 8, are ongoing.

Read More

Saab Says it Can�t Pay Workers, Company�s Survival in Doubt

New clouds are forming over Saab as the automaker�s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.
Swedish Automobile said it and Saab �are in discussions with various parties� to secure short-term funding, including through a sale and lease-back of Saab�s real estate assets.

Read More