NEWS

Saab news: Last cars

SAAB Parts UK has secured the sale of the last remaining 26 right-hand drive MY12 Saab 9-3 convertibles for UK customers. The convertibles have now arrived in the country and will be available to buy through Saab’s national network of 87 authorised repairers. Hand-finished by a workforce of Saab employees based at Saab dealership, ANA, [...]

	Saab news: Parts restart
SAAB Parts UK has welcomed the news that parts production will restart at Saab Automobile’s press and body plant in Trollhättan. Saab Automobile Parts AB recently signed an agreement with the administrators of Saab Automobile AB allowing them the use of Saab’s press and body shop plant, including the specialist tooling, for the manufacture and [...]

	Saab Parts UK grows
Following a successful first quarter trading, Saab Parts UK has announced the appointment of two new Saab authorised repairers. The appointment of Saabtech Welwyn and West Motor Company Ltd. takes Saab Parts UK’s operating network to 88 authorised repairers. Saabtech Welwyn, situated on 36, Brownfields, Welwyn Garden City, opens for business on Saturday March 31, 2012, and [...]

	Saab files for bankruptcy
LEGENDARY Swedish manufacturer Saab has filed for bankruptcy, it has been announced today. ‘Saab Automobile, Saab Automobile Tools and Saab Powertrain filed for bankruptcy with the District Court in Vänersborg, Sweden this morning,’ says a statement from Swedish Automobile NV (Swan) issued today. ‘After having received the recent position of GM on the contemplated transaction with [...]

	Saab in administration
SAAB Automobile has decided to put its UK arm into administration with immediate effect, it’s been announced today. The firm quotes ‘a long period of suspended production and tight liquidity siutation’ as the reason for taking the voluntary decision to place the operation into administration. With immediate effect, David Dunckley and Daniel Taylor of Grant [...]

		GM boss resigns
		GM boss Fritz Henderson has resigned, it was announced at this month’s GM board of directors meeting. Board chairman Ed Whitacre will now take the hot seat, until a replacement can be found. Henderson had been in the role just 8 months, and it unclear what led to the decision. GM had recently, however, announced [...]
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		Saab-Koenigsegg OFF
		SUPERCAR maker Koenigsegg has pulled out of a deal to save Saab, leaving the brand’s future in doubt. The Swedish maker of high-performance motors agreed to buy Saab from GM in August. Things were delayed when the European Investment Bank didn’t immediately offer to guarantee at €400 million loan. This did gain approval a month [...]
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		New Saab 9-5 official
		SAAB has today officially revealed its most important car in decades: the all-new BMW 5 Series-rivalling 9-5. Debuting at next month’s Frankfurt Motor Show, it will go on sale in 2010. Striking looks give the new model an almost concept car look, but Koenigsegg-owned Saab also promises plenty of technology below the surface, and a [...]
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		Saab sale to supercar firm
		SAAB is to be bought in its entirety by Swedish supercar maker Koenigsegg, securing the future of the brand. The deal, signed today, will be completed by the end of the year – and means that Saab can shortly exit ‘legal reorganisation’. This is a form of bankruptcy, that has seen Saab protected by the [...]
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		Saab sold to Koenigsegg
		SAAB has been sold to Swedish specialist supercar manufacturers Koenigsegg, GM has confirmed. The deal follows speculation covered here in Car Dealer Magazine – and means big changes for the premium Audi-rivaling car maker. GM Europe says that a memorandum of understanding has been reached, with a final deal expected by the end of September. [...]
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		Saab-Koenigsegg?
		SUPERCAR maker Koenigsegg is poised for an audacious buyout of fellow Swedish car manufacturer Saab. The FT reports that the start of talks will be officially announced by current owners GM soon. Koenigsegg and the top Norwegian investors backing it would fund the deal. It would see the company rapidly step up from niche hypercar [...]
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		Fiat talks to buy Vauxhall
		FIAT chiefs are meeting with German Government ministers TODAY to talk about an Opel takeover. This means that, for the first time, Fiat’s much-rumoured interest in the European giant is official. Fiat boss Luca di Montezemolo (he of Ferrari pit wall fame) said Opel would be an ‘ideal partner’, reports BBC News. Creating, he continued, [...]
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