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Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7

Tuesday, July 5, 2011 Labels: China, Reports, Saab, Saab 9-1

Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.

In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

What Lies Ahead in Saab’s Future?

Thursday, May 19, 2011 Labels: Carscoop Poll, Offbeat News, Reports, Saab, Saab 9-1, Saab 9-3, Saab 9-5

Saab is in trouble. With mounting debts and limited capital investment, the Swedish company is a prime candidate to go the way of the dinosaurs. The troubled automaker has not built a single vehicle since the 1st of April, and a much touted deal with China’s Hawtai Motor Group has fallen through. They did however sign a Memorandum of Understanding (MoU) with another Chinese company called Pang Da Automobile Trade Co. Ltd, earlier this week, but we will have to wait and see if the deal goes through.

In light of this, I’ve thought up four plausible (though unlikely) scenarios for Saab. These range from the hugely cynical all the way to the brazenly optimistic. After all, isn’t it better than Saab has some future rather than no future at all? Without further ado, here are your options:

Saab Officials Confident that 2011 will be a Turning Point in the Company’s History

Thursday, January 6, 2011 Labels: Reports, Saab, Saab 9-1, Saab 9-3, Saab 9-4X, Saab 9-5

Saab sold just 31,696 cars globally in 2010, after having cut its sales target from 45,000 to 30,000-35,000 vehicles, due to the restructuring of the brand’s supplier base. However, with fourth quarter (2010) sales up 129% compared to 2009, Chairman Victor Mullen believes that Saab “is firmly establishing itself as an independent car manufacturer”.

Saab Targets Chinese and Russian Markets, Unlikely to Develop a Diesel 9-4X

Friday, November 26, 2010 Labels: China, Reports, Russia, Saab, Saab 9-1, Saab 9-3, Saab 9-4X

Saab has revealed plans to begin distribution to China and Russia. Deals for both countries will be signed before the end of the year, while Saab is also pondering the assembly of cars in the Far East. In other news, the Swedish maker also said that it's unlikely that we'll see a diesel-powered 9-4X any time soon.

In regards to China, Saab CEO Jan Ake Jonsson, told reporters on the sidelines of the Los Angeles Auto Show: "Until we launch the new 9-3 at the end of 2012, it will be just a couple of thousand units (annually), all based on imports. As we lead up to this, we have to make a decision if and when we are going to introduce local manufacturing in China."

Saab Confirms BMW Talks on Engine Supply, 2012 9-3 May be the First Model to Benefit from the Deal

Monday, September 27, 2010 Labels: BMW, Reports, Saab, Saab 9-1, Saab 9-3, Saab 9-5

The next generation of Saab models may very well be powered by BMW engines if negotiations between the two automakers are successful. Following widespread media speculations on the matter, Spyker N.V., the parent company of the Swedish carmaker confirmed talks with BMW. Here's the official statement:

"Spyker Cars N.V. ("the Group"), a holding company that owns subsidiaries which produce and sell premium automobiles under the Saab and Spyker brands, has noted recent press speculation about the possible supply relationship with BMW. The Group confirms that talks are ongoing and will give further details once a final agreement has been reached."

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