After unceremoniously pulling out of the Canadian market, Saab is preparing a return to Canada for 2011, as it attempts to pull off an unprecedented resurrection of its entire brand. While Saab was under the auspicies of GM (and partnered with other perrenial losers like Saturn and Isuzu) in Canada, this time the now Dutch-owned auto maker...
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I’ll admit: any chance we get to run a post about Saab, I’ll take. (This particular one was the effort of very little begging, I might add.) See, the new 9-5 Aero is one hot piece of Swedish luxury sedan, with just enough Born From Jets / Northern Europe detailing to make us forget most...
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Mere months after escaping a seemingly certain death at the hands of General Motors, Saab is back, under the ownership of Dutch supercar outfit Spyker, and taking aim at rival European luxury sedans with their new 9-5 sedan. At the outset of the 9-5’s July launch, the only trim level available will be the flagship...
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Brad and Jennifer. Ben and J.Lo. OnStar and General Motors. It’s always sad when a power couple breaks up and goes their separate ways. But it looks like OnStar is going to keep custody of a mutual friend. It turns out that Saab, which GM sold to Dutch sports carmaker Spyker Cars NV in February,...
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With all the success the MINI brand has had since it was reborn in recent years, Audi has now accepted the challenge by producing the A1. But the sub-compact premium segment looks to get more crowded in the future as Spyker CEO Victor Muller has said he’s examining the possibility of building a small Saab...
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General Motors has just announced that the sale of its Swedish Saab unit to Dutch exotic car maker Spyker has been completed. The new company, called Saab Spyker Automobiles, will now begin a new era for Saab, saving thousands of jobs in Sweden and at dealerships in the United States. Saab Spyker will begin to...
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The sale of Saab to Spyker was delayed due to suspicions that one of the Dutch exotic car maker’s major shareholders had ties to the Russian mafia. According to a recent report by Swedish newspaper Dagens Industri, the Swedish security force Sapo investigated former Spyker shareholder Alexander Antonov and determined that there was “strong suspicion”...
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With Saab having just been saved by Dutch automaker Spyker, the new Saab Spyker Automobiles company has confirmed that it will deliver a new 9-3 model to market in 2012. The current 9-3 has been in production since 2002, meaning that by the time the third-generation of Saab’s volume seller arrives, the current model will...
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With Saab enthusiasts rejoicing about their beloved company cheating death, the Swedish automaker’s new owner Spyker Cars, is hoping those very same folks will put their money where their mouth is – literally. Saab will reportedly begin U.S. sales of its new 9-5 flagship this Spring. We don’t have any specifics on the U.S. model...
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General Motors has just announced it has reached an agreement to sell its loss-making Saab division to Dutch exotic car maker Spyker Cars NV. Saab and Spyker will form a new company, Saab Spyker Automobiles and the deal is expected to be finalized in February pending approval by several regulatory bodies and the Swedish government....
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Spyker Cars is expected to announced later today that a deal has been reached to purchase Swedish automaker Saab from General Motors. According to Automotive News, a person close to the ongoing talks between GM and Dutch exotic car maker Spyker has leaked the information. Recently investment company Genii Capital, backed by Formula One boss...
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What’s Swedish automaker Saab worth? According to some reports, just $1. Recent rumors have suggested that a partnership between Genii Capital, Formula One boss Bernie Ecclestone and Swedish businessman Lars Carlstrom will offer General Motors one hundred shinny pennies or the loss-making Swedish automaker, saving GM the cost of shutting it down. GM has already...
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It’s been said several times before, but GM Chairman and CEO Ed Whitacre today told reporters that the company is shutting down its Swedish Saab unit. “We’re closing down Saab,” he said. “We’re winding it down.” Recently GM hired on wind-down firm AlixPartners, but continued to say that it was evaluating proposals from several interested...
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The future of Saab just became a little more certain today. Or did it? General Motors has released in a statement that it has hired on AlixPartners to oversea the wind-down of its loss-making Saab unit. In other words, GM is planning to close the doors on the Swedish automaker, sending the company into liquidation...
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General Motors has reportedly delayed a board meeting that was to decide the fate of its loss-making Saab unit today, as a new bidder has emerged onto the scene. GM had already postponed Saab’s fate by dropping a self-imposed December 31st deadline in favor of a January 7th one. Now it is giving Spyker, as...
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Later this week General Motors is expected to pronounce on the fate of its loss-making Swedish unit, with a potential purchase by Dutch exotic car maker Spyker still a possibility. In an interview with AOL Autos, Spyker CEO Victor Muller discussed many of his plans to rejuvenate Saab, as well as another plan to sell...
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With General Motors announcing recently that it would drop Saab’s December 31st deadline and continue to search for a capable buyer for the Swedish brand, enthusiasts of the Swedish brand are banding together in an effort to save Saab. In a post on enthusiast site SaabHistory, a blog post urges owners to join in a...
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There are almost too many stories and rumors about Swedish automaker Saab to keep up with, as the latest reports suggest not one but two Dutch billionaires are involved in a new deal that would see Spyker purchase the loss-making division from General Motors. Dutch business daily Het Financieele Dagblad suggests Dutch media tycoon John...
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Those digging the grave for Saab might want to put their shovels down after Spyker Cars has submitted a new proposal to purchase the Swedish automaker from General Motors. On Friday GM announced that a deal could not be reached and said it would begin an orderly wind down for Saab. According to Spyker CEO...
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General Motors has announced it will close down Saab after discussions to sell the brand fell through. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,” said Nick Reilly, president of GM Europe. “In...
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Dutch exotic car maker Spyker is likely to become the new owner of Swedish automaker Saab after GM Chairman and CEO Ed Whitacre confirmed there are no other bidders. Earlier this week GM reached a deal with Beijing Auto to sell off old Saab assets so the Chinese company could produce previous generation Saab models...
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General Motors has reached an agreement to sell off part of its struggling Saab division to China’s Beijing Auto (BAIC). The deal would see BAIC take control of Saab’s rights assets and tooling assets of the past 9-5 and 9-3 models in order to build those vehicles in China. Saab’s future has been uncertain for...
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Dutch exotic car maker Spyker is likely the favored candidate in the resumed bidding for GM’s Saab division. Saab went back on the open market just a few weeks ago when a group led by Swedish supercar maker Koenigsegg retracted its offer. In an report published in Swedish daily Svenska Dagbladet a source described GM’s...
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The Swedish government is putting the pressure on General Motors, saying that it must make a decision this week on the sale of Saab if the deal is to go through by the end of the year. “They must at least have chosen one of the interested parties this week, otherwise it will be tough...
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