Saab - egmCarTech (2)

North American investor sells 22% stake in Koenigsegg, Saab deal will continue

Posted: Aug 11, 2009

Filed under: GM, Industry News, Saab

North American investor Mark Bishop sold 22 percent of his stake in Koenigsegg, the luxury supercar automaker that plans to take the Saab brand off of GM’s hands. According to Swedish business daily Dagens Industri, Bishop had the second-largest stake in the company.
“A new owner has taken over his shares and the negotiations between General Motors [...]

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Leaked: 2010 Saab 9-5 makes an early debut

Posted: Jul 22, 2009

Filed under: 2010 Releases, Saab

The embargo on the 2010 Saab 9-5 has apparently been broken, and all the leaked images are out via AutoBild. We don’t have any technical details as of yet but we’ll be sure to update you as soon as we get them (along with better high-res photos). Stay tuned.
Click through for more images.
2010 Saab 9-5 [...]

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Sweden has no clue how much Koenigsegg wants to invest in Saab

Posted: Jun 26, 2009

Filed under: GM, Industry News, Saab

Last week, Koenigsegg and General Motors reached a deal that give the Saab brand over to the small Swedish supercar manufacturer.
“The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government,” GM said [...]

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Saab 9-4X will be launched in 2011, 9-5 redesign coming in 2010

Posted: Jun 22, 2009

Filed under: GM, Industry News, Saab

GM’s sales of Saab to Swedish supercar manufacturer Koenigsegg is expected to be completed in the third-quarter of 2009. Under the new agreement, dealerships would continue selling vehicles under the new owner. However, Koenigsegg has the power to drop some dealerships as it sees fit, reports Automotive News.
“As part of the proposed transaction, GM will continue [...]

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Saab’s savior wants to give the brand its ’soul’ back

Posted: Jun 18, 2009

Filed under: GM, Industry News, Saab

A man named Baard Eker wants to give Saab its soul back. The Norwegian designer behind the bid for General Motors’ Saab says he wants to rejuvenate the “soul and spirit” of the profit-loosing Swedish brand. Eker, a Norwegian designer and entrepreneur bought a 45 percent stake in Koenigsegg in 2005 and currently owns 49 [...]

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Saab, Koenigsegg relationship could bring production Quant to the roads

Posted: Jun 17, 2009

Filed under: Hybrids, Green News, Saab

We already know that Swedish supercar manufacturer Koenigsegg has obtained the controlling interest in Saab. It won’t be long before Koenigsegg will start accessing Saab’s production facilities to produce their cars. According to Swedish website Realtid.se, Koenigsegg will use Saab’s production facilities to build a production model of the Quant EV concept car that made [...]

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GM reaches preliminary deal to sell Saab to Koenigsegg

Posted: Jun 16, 2009

Filed under: GM, Industry News, Saab

General Motors announced today that it has reached a preliminary agreement to sell its loss-making Saab brand to supercar manufacturer Koenigsegg. GM did not release any details on the price tag of the agreement but said that the sale will include guaranteed financing by Sweden.
“The sale, expected to close by the end of the third quarter [...]

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Tengzhong to complete Hummer purchase by 3rd quarter, GM wants Saab dealers to sign new agreement

Posted: Jun 15, 2009

Filed under: GM, HUMMER, Industry News, Saab

Sichuan Tengzhong Heavy Industrial Machinery, the winning bidder for GM’s Hummer brand said that it expects the deal to be completed by October 2009.
The company’s general manager Yang Yi, said that Tengzhong has no plans to transfer Hummer equipment and technology to China from the United States. He said that the company also has no plans [...]

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Koenigsegg signs letter of intent to purchase Saab from GM

Posted: Jun 11, 2009

Filed under: GM, Industry News, Saab

It was reported last month that Koenigsegg was one of the potential buyers of General Motor’s Saab brand. Reuters said today that Swedish television is reporting that Koenigsegg and Norwegian investors have signed a letter of intent with General Motors to buy Saab.
“The buyers have signed a letter of intent to buy Saab,” SVT said on [...]

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Saab says it has narrowed potential buyers to two, final talks could start next week

Posted: Jun 04, 2009

Filed under: GM, Industry News, Saab

So Hummer is going to China and Saturn allegedly has 16 interested buyers – but what about Saab? According to two top executives at the Swedish brand, GM has narrowed down talks with potential buyers of the brand to two.
“Now we are negotiating with just two parties,” Saab’s CEO, Jan-Ake Jonsson, said in an interview [...]