The key to the future of Saab is possibly the right to manufacture the Saab 9-5. Could that bring Spyker and Victor Muller back? It’s now almost three months since bidding by prospective saviours of Saab ended, yet we’re still waiting for a decision from the administrators as to which company is the preferred bidder. From an […]
2012 Saab 9-3 Convertible: Last 26 RHD cars up for grabs
The last 26 RHD Saab 9-3 Convertible models – hand finished in Sweden – are now for sale in the UK from £22,750. Back in March – at the same time we reported the Saab Museum had re-opened – we were also able to report that ANA, the Saab dealers in Trollhatten, have bought up the part-made cars […]
Saab Museum reopens & Saab back in production – sort of
The Saab Museum has reopened after Saab’s bankruptcy problems and a Trollhatten dealer is to ‘build’ the last 100 Saabs. We’re still waiting for a decision from Saab’s administrators about which – if any – of the bids they’ve received for what’s left of Saab are solid enough to pursue. But that hiatus doesn’t mean there’s no […]
Tata NOT bidding for Saab – but Mahindra are
Despite claims that Tata have placed a bid for Saab, Ratan Tata has said they have not but confirms Mahindra has. Yesterday, in the midst of all the news coming in from Geneva, we heard rumours that Tata had placed a bid said to be worth $350 million for Saab. Which didn’t add up for us, so we didn’t report […]
Saab bidding closed, buyer announced soon
The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation – there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was […]
BMW bidding for Saab? There’s more chance of BMW buying Rangers
The interwebs claim that BMW are to bid for what’s left of Saab, which seems about as likely as BMW buying Rangers. Saab was back in the car news this week when Youngman confirmed they’ve placed a bid with the receivers for what’s left of Saab. But the rumour mill never stops where Saab is concerned, and […]
Saab: China’s Youngman submits new $2 billion offer
The founder of China’s Youngman – Pang Qingnian – has revealed Youngman submitted a $2 billion offer to buy Saab from the administrators on 14th February. We’ve all seemingly written-off Saab as dead and buried; a once proud marque consigned to the scrap heap of history after the debacle of GM ownership and Victor Muller’s ill-fated […]
Saab EIB loan repaid by Swedish Government
With Saab in administration, the European Investment Bank (EIB) has called in the Swedish Government guarantee on Saab’s loan. In the midst of Victor Muller’s efforts to restructure Saab, Saab received access to a European Investment Bank loan of €400 million, of which it accessed some €217 million. But just like any less than credit worthy individual Saab needed […]
Saab Museum Saved
Despite falling victim to Saab’s bankruptcy, the Saab Museum has been saved by Trollhatten City, Saab AB and the Marcus and Amalia Wallenberg Memorial Fund. When we reported that the Saab Museum – and all its cars – was up for sale last week to try and bring in a few coppers to fill the black […]
Saab: Turkey’s Brightwell Holdings & China’s Youngman vie for Saab
Despite its bankruptcy, it seems China’s Youngman and Turkish equity form Brightwell Holdings ar planning on staging a bid. Saab may be bankrupt – and its car heritage from the Saab Museum up for sale – but that hasn’t stopped interest in Saab as a viable car maker from prospective suitors. And it seems the front-runners […]