Saab Managing Director Jan Ake Jonsson wants to add a smaller car to compete against the Audi A3 and BMW 1 series entry-premium cars.
That car would be needed to help achieve Saab's stated goal of closing the gap with BMW and Audi. Saab debuted a concept for an entry-premium car at the 2008 Geneva auto show. ANE sister publication AutoWeek named the 9-X BioHybrid the best concept at that year's event.
Saab 9-x Biohybrid is based on the GM Delta platform and is powered by a direct injected, E85 flex-fuel capable ...
According to Reuters, Spyker will have to raise more cash in order to make its $400-million acquisition of Sweden's Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.
Spyker Chief Executive Victor Muller clinched an audacious deal last month to buy Saab, helping it avoid closure, but now the Dutch maker of custom-made sports cars will have to double Saab's production, roll out new models and build a robust distribution network.
That will require hundreds of millions of dollars in new investment, and Spyker, which built only a few dozen ...
Saab has signed a cooperation agreement with Vägverket (the Swedish Road Administration) in order to jointly create efficient, safe and sustainable transport.
Saab and Vägverket will work together to accelerate and coordinate the development of intelligent transportation solutions for highway traffic, both in Sweden and internationally. Intelligent transport solutions means the application of Information and Communication Technology to the transportation of goods and passengers. The aim is to create efficient and safe traffic flows with consideration for the environment.
Gunilla Fransson, head of the Security and Defence Solutions business area at Saab, ...
Dutch sports car maker Spyker Cars on Monday said it has secured the financing to close its purchase of the Swedish auto brand Saab from General Motors GM.UL, but still has not secured the funds for a required subsequent payment.
Spyker said it entered into a $25 million convertible loan agreement with Heerema Holding Co Inc, the holding company for a family of businesses engaged in offshore oil and gas services.
Spyker Cars Chief Executive Victor Muller, a former mergers and acquisitions lawyer, had worked for the company's Pieter Heerema operation in ...
Spyker believes that through the purchase of Saab it has a rare opportunity to acquire and rebuild a global car brand which will be repositioned towards an independent performance-oriented niche car company with an industry-leading environmental strategy.
Saab's brand DNA is unique and rooted in its aeronautical heritage, innovative and independent thinking and its Swedish origins. Spyker fully supports Saab's Business Plan which will be implemented by Saab management. The Business Plan, drawn up by Saab management over the past ten months, was analysed by Spyker in assistance with Booz ...
General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.
GM PRESS
"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 ...
Official - Spyker Cars N.V., manufacturer of exclusive premium sports cars, has noted recent press speculation about the SAAB negotiations. Spyker confirms that talks are ongoing, the outcome of which is still uncertain. As SAAB is currently in liquidation talks must end soon.
Whitacre said talks with Spyker were progressing but there was nothing to report at the moment.
"We have not changed our direction on the wind down of Saab's operations," he said. "There have been advanced talks with Spyker but we have no deal to announce this morning.
"If and when ...
Dutch sports car maker Spyker denied on Sunday it had plans to jointly bid for General Motors' GM.UL Saab with Luxembourg investment firm Genii Capital.
German WirtschaftsWoche business weekly, in abstracts of a story to be published on January 18, said the two companies, which have been trying individually to clinch a deal to buy the money-losing Swedish carmaker, had now teamed up.
Image by Getty Images via Daylife
Spyker Chief Executive Victor Muller, in a reply to Reuters via text message, responded "No," when asked if Spyker was in contact with Genii ...
Dutch supercar maker Spyker Cars NV is the lone remaining bidder being considered for General Motors Co.'s Saab Automobile unit, said two people close to the situation.
GM will probably decide whether to continue sale talks or liquidate Saab by Jan. 18, said one of the people, who asked not to be identified because the details aren't public.
Saab is among four brands, along with Pontiac, Saturn and Hummer, that the Detroit-based automaker is unloading to focus on Chevrolet, Buick, GMC and Cadillac in the U.S. after its bankruptcy exit on July ...
F1 boss Bernie Ecclestone via Genii Capital has put in a revised offer to buy Swedish carmaker Saab from US giant General Motors.
Nick Reilly, GM's European president, told reporters in Detroit yesterday that talks with Saab's bidders continue even after the Swedish government approved GM's appointed liquidator to wind down the Trollhaettan-based brand.
“Genii and Ecclestone sent its revised bid,” Lars Carlstroem, the Swedish investor working with Luxembourg-based Genii, said in a telephone interview. “This will show them that we are a financially strong group and that funding is not an ...
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