Saab Automobile today announced that Jan Åke Jonsson has decided to retire from his position as President and CEO of Saab Automobile AB (“Saab Automobile”) effective per Spyker Cars N.V.’s Annual General Shareholders meeting to be held on 19 May, 2011.
A search for a successor to Jan Åke Jonsson has been initiated and he has agreed to assist Saab Automobile’s Management with a smooth transition to his successor. He will remain available as such until 1 September, 2011. Until a successor to Jan Åke Jonsson is appointed, Victor Muller will temporarily assume the role of President and CEO of Saab Automobile AB in addition to his role as Chairman of the Board. Read the rest of this entry »
The BMW Group has received a major order from Swedish automobile manufacturer Saab to provide petrol engines. The contract for delivery of the engines as of 2012 was signed on Wednesday by Ian Robertson, member of the Board of Management of BMW AG, responsible for Sales and Marketing, and the CEO of Saab Automobile, Jan Åke Jonsson, in Trollhättan in Sweden. The 4-cylinder engine with latest fuel savings technologies is intended for a new Saab model series. Both companies have agreed not to disclose any financial or contract volume details. Read the rest of this entry »
The all new Saab 9-5 sedan signals the start of a new era for the Saab brand. Sleek, sophisticated and unmistakably Saab, it combines stand-out looks with advanced technologies and brings a fresh alternative choice to the premium sedan segment.
The clean, sculpted shape embraces the purity of Scandinavian design and its dramatic wraparound window graphic echoes Saab’s aviation heritage. With frontal styling inspired by the award-winning Aero X concept car and a muscular, low-slung stance, the new 9-5 heralds the introduction of a bold, more expressive design language. Read the rest of this entry »
General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.
“Today´s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.
“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we’re all happy for the positive outcome,” Smith said.
As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time. Read the rest of this entry »
Sleek, sophisticated and unmistakably Saab, the all-new 9-5 saloon signals the dawn of a new era for the Saab brand. With progressive, confident styling and advanced technology, Saab’s distinctive new flagship will bring a fresh, alternative choice to the premium saloon segment when it goes on sale in 2010.
The clean, sculpted shape embraces the purity of Scandinavian design, and its dramatic wraparound window graphic echoes Saab’s aviation heritage. With styling inspired by the award-winning Aero X concept car and a muscular, low-slung stance, the new 9-5 heralds the introduction of a bold and expressive design language. Read the rest of this entry »
General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab’s future. Saab Automobile plans to exit legal reorganization shortly.
The stock purchase agreement will be subject to agreed closing conditions. Conditions to close the sale include expected funding commitments with Swedish government support and guarantees, as well as transitional assistance from GM, as Saab becomes independent. Saab is about to launch several new cars, developed with General Motors, that are in the final stages of development.
As part of the proposed transaction, GM and Saab will continue to share technology and services during a defined time period. This will be managed through licenses and service agreements. Read the rest of this entry »
Zurich. General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab’s future.
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. Additional support is to be provided by GM and Koenigsegg Group AB to fund Saab’s operations and product program investments. This includes plans to launch several new products that are in the final stages of development. Saab had filed for reorganization under Swedish Law on Feb. 20, 2009. This tentative agreement is a key milestone for Saab to successfully emerge from its reorganization process. Read the rest of this entry »
The Saab 9-3X is a rugged all-round car designed to take active individualists to the start of their adventure. With distinctive looks, a versatile SportCombi body, higher stance and advanced all-wheel drive technology, the 9-3X offers fuel efficiency and functional storage without limiting the kinds of roads that need to be driven. It is the ideal alternative to large and heavy crossovers or SUVs. Read the rest of this entry »