Saab (Swedish Automobiles) has announced that production at Trollhatten will not now resume on 9th August. They hope to restart on 29th August. We’ve kept the faith with Saab so far, and we’ve been happy to report every time they tell us that Victor Muller has managed to charm another injection of cash for Swedish […]
Saab drags in another €41 million – but it’s still not enough
The Saab financial problems continue, despite €28 million from a sale and lease back deal and €13 million for car sales to China in the last few days. It’s a tough call, knowing how often to report on the financial woes still engulfing Saab. Do we rush to run a story every time we get a bit of information in […]
Saab: On the edge of oblivion
It now appears that not only are Saab unable to pay their suppliers – and thereby guarantee a reliable flow of components – they now can’t pay wages either. We’ve had a statement in from Saab this morning telling us that they are now unable to pay their staff until they manage to get a bit of funding […]
‘Old Pang’ spends another €15 million at Saab
China’s Pang Da has bought a further 650 cars from Saab with an upfront payment of €15 million. They paid €30 million for 1300 Saabs last week. The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the […]
Saab production restarts – again.
Production has restarted at Saab’s Trollhättan factory after the troubled Swedish car maker finally got its hands on some much-needed Chinese cash from Pang Da. Of course, we nearly got here before when Saab went courting China’s Hawtai Motor Group, but that deal fell apart when the Chinese government refused to sanction the deal. Or Hawtai pulled out. Depending on […]
Saab go back for another Chinese
Saab has reached a deal with the Pang Da Automobile Trading Co in China for the sale of €30 million of Saab cars, joint ventures on sales and production and the sale of a 24% stake in Saab to Pangda. There can’t be many companies in China who haven’t had Victor Muller banging on their […]
Saab’s Jan Åke Jonsson retires, 2010 earnings & deals in Russia & China
Saab boss Jan Åke Jonsson is to step down in May, Saab appoints distributors in China & Russia and reports losses of €140 million for 2010 It’s been a difficult period at Saab, what with trying to survive as GM came close to closing the Swedish car maker down in the absence of a ‘suitable’ buyer, […]
Want to buy a used Saab? Be quick.
Used car magazine are saying that current used Saab prices represent a terrific bargain and are unlikely to remain so low, despite concerns over Saab’s future. The headline sounds a bit like something GM have dreamed up to shift remaining stock. But it’s not. It’s the advice that comes from UK used car experts ‘Used […]
Saab heads for China
Saab has big hopes for sales in China with the help of their investment partner Beijing Automotive Industry Holding Co (BAIC). Saab has to make a move to mop up new sales wherever it can as it moves under the ownership of Koenigsegg. Its sales have been pretty poor over the last few years and […]