Reports Persist Chinese, Indians, Turks Might Want Some Assets Once again, Saab of Sweden is receiving the last rites, and there is still a remote chance it might survive its current predicament, although this would probably involve only parts of the company. In late December, Mahindra & Mahindra, India’s biggest sport-utility maker, was said to […]
Tag Archives | Saab
Glimmer Of Hope From The East For Saab
Glimmer Of Hope From The East For Saab Don’t Hold Your Breath Though; China Green Light Looks Unlikely Saab’s seemingly inexorable slide to oblivion seemed to have been saved by news from China that two of its companies are about to seek government approval to buy more than 50 per cent of the stricken Swedish […]
Saab Production Problems; Earthquake Or Liquidity?
“It’s an ill wind that blows nobody any good,” goes the old adage. You would be hard pressed to find any plus points emanating from Japan’s triple whammy of earthquake, tsunami and nuclear meltdown, but Saab’s predicament might provide a rare case. Were Saab’s production lines shut down in the middle of April because it […]
Saab Loses A CEO, But Gains A New Investor
Struggling Swedish carmaker Saab announced the surprise retirement of long-serving CEO Jan Ake Jonsson, one day after news from Vilnius that Russian banker and entrepreneur Vladimir Antonov might stump up new investment of €15 million. Saab chairman Victor Muller said he will take on a Jonsson’s duties until a replacement can be found. Antonov was […]
Saab, camping out on the sidewalk, hopes to make money in 2012
Saab, the Swedish car manufacturer that nearly died last year after being dumped by General Motors, hopes to return to profitability in 2012, chairman Victor Muller said. Saab was talking to the media across the street from the Detroit Car Show’s Cobo Center. Saab had decided not to appear at this year’s official show because […]
Saab Sets Global, U.S. Targets; May Use BMW Parts For 92
What Can This Chronic Loss-Maker Do To Turn Red Into Black? A year ago, bankrupt General Motors was trying to dump its Swedish premium pretender Saab. By the end of 2009, it looked like curtains as a deal with exotic sports car maker Koenigsegg Group AB crashed and burned. But Dutch entrepreneur Victor Muller made […]
Saab’s Last Card – Why Waste Investment In New 9-5?
Break-Even Point Allegedly Lowered, New Product Pipeline Ready GM Could See Its Way To Commute Saab Death Sentence China Link Looks Like Non-Starter Things look bleak for Saab, but the one remaining straw to clutch on might be if General Motors decided it would be wrong to waste the huge investment which has bought the […]
Saab, Still Hanging In There, Readies The 9-5 For Launch
1.6 Litre Engine Produces 180 Hp Saab of Sweden is still alive, and about to kick-off a series of new car launches starting with the 9-5. Saab is hanging on after being cast adrift by GM, albeit reportedly with a nice legacy of $500 million in assets and cash, engineering facilities for new cars, and […]
Investors Said To Eye GM’s Saab, Opel-Vauxhall, But Why?
The European media is full of stories about suitors lining up to buy a piece of General Motors Europe’s Saab and Opel-Vauxhall subsidiaries, but nowhere can you find a compelling reason why investors would want to buy into these perennial loss makers. The Financial Times, in an item headlined “GM’s European arms lures investors”, says […]
Financial Crisis Marginalises Swedish Auto Makers
Volvo Said To Be Worth Up To $6 billion, But No Takers For Saab. Ford said it is now looking for a buyer for Volvo, but the future of its Swedish compatriot Saab looks uncertain as its parent GM twitches in its financial death throes. At least investors seem to think there may be buyers […]