Swedish website, SVD Naringsliv, seems to have sourced a sketch of the new Saab 9-3. What we have going on here is a bit of current 9-5 at the front, some old 99 towards the rear quarter panel and there is a teensy bit of Exige/Cayman going on at the back. In all, if this [...]
I honestly don’t want to hear about Saab’s survival issues anymore but there are some of you out there that still may care – so we’re bringing you this latest update. But first – a recap of recent headlines: China’s Pang Da, Youngman offer to takeover Saab, Swedish Automobile turns down offer Saab terminates agreement [...]
Swedish Automobile, the owner of Saab, said today that it is in am “intense final negotiations” with investors on how to secure financing that could help keep the carmaker alive. “The final result of these negotiations, which can come more or less anytime, are conclusive for Saab’s ability to take a stance on the question [...]
Almost every other day, we get a little email from Swedish Automobile (Swan) in our inbox giving us an update about Saab’s survival. Yesterday, the company announced that it has terminated its memorandum of understanding with China’s Pang Da and Youngman – effective immediately. “Swan took this step in view of the fact that Pang [...]
China’s Zhejiang Youngman Lotus Automobile Co and Pang Da Automobile Trade Co, two companies that have signed a non-binding memorandum of understanding to take a 53.9 percent stake in Swedish Automobile, have offered to takeover Saab completely. Swedish Automobile said that the two Chinese companies have made an offer to directly purchase shares in Saab. [...]
Saab just seems to keep fighting its inevitable death. The company announced today that private-equity executive and racecar fan Alex Mascioli is pumping $70 million into the brand as it struggles to stay afloat. North Street Capital, Mascioli’s firm, is purchasing $10 million shares of Swedish Automobile and is also giving a $60 million loan [...]
Ambitious automaker Saab has been in hot water for some time, and just before declaring bankruptcy, the brand received relief. Youngman has agreed to loan Saab Automobile funding for its reorganization project, and provided the brand with its first payment of roughly $15 million on September 12. The remainder of the funds should be released [...]
Following reports that a deal with Chinese investors has fallen through and that the company is headed for bankruptcy, Saab today released this statement: Swedish Automobile N.V. (Swan) and Pang Da Automobile Trade Co., Ltd (Pang Da) have taken notice of media reports questioning the validity of the partnership agreements between Swan, Saab Automobile AB [...]
So you’re in the market for a brand new vehicle and are wondering if you should pull the trigger within the next couple of days/weeks or whether you should hang on to see what new vehicles will be coming out in 2012. Lucky for you, we’ve put together a list of 37 brand new vehicles [...]
Reports suggest that a last-minture rescue deal to save Saab has been blocked by the Chinese government and that the company could declare bankruptcy as early as today. Saab has been waiting on a $93 million loan from Chinese carmaker Youngman in order to pay wages and suppliers. IN addition, the Swedish automaker is also waiting [...]
