Sweden and Saab form venture to produce transmission systems

Victor Muller - CEO of Spyker Cars

Saab has partnered with the Swedish government to start a joint-venture that will develop transmissions for the auto industry. The company will be staffed with about 50 engineers from Saab’s powertrain division, to develop transmissions and components for Saab and other manufacturers.

“This step, together with other initiatives, will drive down our break-even point and improve operational efficiency as we work towards becoming a profitable, independent company,” Saab CEO Jan-Aake Jonsson said in the statement.

The new company will be called VICURA, and be based in Saab’s hometown of Trollhaettan.

“For Sweden and the Swedish automotive industry as a whole, it is vital to maintain and further develop high competence” in the field of transmission development, Fouriertransform CEO Per Nordberg said in the statement. “That is exactly what these skilled former Saab engineers will offer.”

This venture, as well as a number of other agreements made by the manufacturer with American Axle and BMW AG represent moves by the company to reestablish itself as an independent automaker after 20 years under GM control.

– By: Stephen Calogera

Source: Automotive News (Subscription Required)