Swedish Automobile N.V. announced this week that Saab Automobile has delayed payment of the wages once again to its white-collar employees “as some of the funds that were committed by investors were not paid in time to effect such salary payments.” “Saab Automobile is taking all necessary actions to collect these funds and continues discussions [...]
Swedish Automobile (formerly known as Spyker), announced yesterda that Saab is still continuing discussions with its supplier base on material supply and delivery terms in order to be able to resume production at its Trollhattan plant. “As delivery of all parts needed to secure a production start is not yet agreed production will not resume [...]
Swedish Automobile N.V, Pang Da Automobile Trade Co., Ltd. (Pang Da) and Zhejiang Youngman Lotus Automobile Co., Ltd. (Youngman), all have really big plans for Saab. Swedish Automobile and Youngman have both signed an agreement to form a joint venture in Sweden to develop three Saab models. The 50-50 joint venture will develop three ‘completely new’ [...]
Saab announced earlier this week that the new 2012 Saab 9-4X crossovers has started arriving at its U.S. dealerships. The Swedish automaker said that it has received more than 100 orders for the 9-4X so far. Production of the Saab 9-4X began in February at a General Motors plant in Mexico after several delays. The [...]
Over the past few weeks, Saab and Swedish Automobile (formerly known as Spyker Cars) have been able to raise about 61 million euros ($87 million USD) in additional funding. Saab announced yesterday that it aims to restart production at its Trollhaetten plant on Aug. 9. The good news comes after Swedish Automobile was given the [...]
The famous Italian design firm, Zagato, was suffering from some financial woes. But in order to keep the historic and world-renowned designer afloat, Coventry Prototype Panels bought decided to scoop them up. Vladimir Antonov, who also recently bought Spyker Cars in February, also owns CPP, which is an automobile component manufacturer. And if some of [...]
The new 2012 Saab 9-4X has earned the Insurance Institute for Highway Safety’s (IIHS) Top Safety Pick award. “The 9-4X is rated good in the Institute’s front, side, and rollover evaluations based on good performances for its structural twin, the Cadillac SRX,” the IIHS said. “A separate rear impact test was conducted for the seats/head [...]
Saab Automobile is still doing everything it can to keep from going under. The latest attempt at turning things around is a partnership with Zhejiang Youngman Lotus Automobile Co. of China. The goal is to produce three new Saab models, one of which has been eagerly anticipated by the automaker. Saab will remain the developers [...]
Swedish Automobile (formerly known as Spyker Cars) said that it has signed a second loan deal with a shareholder that would secure additional shot-term funding for Saab. Saab has been scrambling since April after it had to hold production when unpaid suppliers cut deliveries. Saab said that it secured a 25 million euro ($35.4 million [...]
Here is another Saab update for you following yesterday’s announcement of the company getting an order to purchase 582 Saab vehicles with a value of EUR 13 million ($18.5 million USD) from an undisclosed Chinese company. Swedish Automobile (formerly known as Spyker Cars) announced today that Saab has reached an agreement with respect to a [...]
