Even if the company has many problems, the automaker has announced plans to develop three new models.
As part of the Pang Da and Zhejiang Youngman Lotus Automobile agreement, Saab has announced new models are planned for the future line-up. Details are sparse but the 9-1 will be an entry-level model (previously known as the 9-2), while the 9-6 and 9-7 will be “prestige” vehicles.
Within the development process of these three new vehicle lines, Saab Automobile will be responsible for controlling and managing the design, the development and testing process to the start of production and providing other necessary technical and quality control support, while the financial support will come from Youngmam.
“This joint venture offers Saab Automobile the opportunity to develop models that were not envisaged nor funded in our original business plan: for instance, we will now be able to develop a small entry-level Saab, a car that has long been on the top of our wish list,” Victor Muller, chief executive of Saab Automobile and Swedish Automobile said.
In other news, the European Monetary Bank (EIB) announced its approval ofSaab’s property sale, which will give the company the much needed cash-injection the it sought to acquire through the sale.
According to information manager Eric Geers, order books are currently busting with orders for more than 10,000 cars and he is hopeful that production lines will start to roll within two weeks.
“It is very important for the whole system to get started as quickly as possible. And believe it or not – orders have even been dropping in during the crisis.”