Saab News

The Top Car News Stories Of 2011
The Top Car News Stories Of 2011

The year 2011 will not go down in history as the happiest year for the auto industry. From March's destructive earthquake and tsunami in Japan, to the year-long Saab saga that's ending sadly, it's been a difficult, sometimes tragic, year for the people who work in the auto industry. There is...Read More»

2013 Cadillac ATS
Nissan Pathfinder Concept, Drudge's War On Volt : Today's Car News

Today at High Gear Media, Cadillac teases the ATS one last time before its reveal and MINI tries to benefit from Saab's death with some unique marketing. We look at the timeline of Matt Drudge's war against the Chevy Volt and bring you up to speed with our 2012 Detroit Auto Show preview. All this...Read More»

2011 Saab 9-5
Will Saab's Demise Draw Bargain Hunters To Dealers?

Despite repeated eleventh-hour lifelines, the week began with the end of Saab. After its petition for bankruptcy was approved by a Swedish court Monday, word traveled quickly. Here in America, a nine-minute conference call to the nation's 188 dealerships confirmed the 64-year-old automaker's fate...Read More»

MINI already using #Saab in advertising.
Saab Is Dead, Long Live... MINI?

In case you missed today's breaking news on Saab, the Swedish automaker filed for bankruptcy in Swedish District Court this morning. The move came after Chinese suitor Youngman withdrew funding commitments, following GM’s reconfirmation that it would block any purchase attempt by the Chinese...Read More»

2012 Fisker Karma EcoSport
2012 Infiniti M37, 2012 Fisker Karma Driven, Saab Bankrupt: Car News Headlines

Today at High Gear Media, we review the 2012 Infiniti M37 and slide behind the wheel of the 2012 Fisker Karma electric car. Saab has officially thrown in the towel and Lexus won't be getting diesel engines from BMW. All this and more in today's car news, right here on The Car Connection. Saab has...Read More»

2011 Saab 9-5
GM Says 'No' To Saab Sale: We Recap The Saga's High Points Up To Today

The long, strange, saga of Saab may finally be coming to a close. Even though there's a shaky deal with Chinese investors in the works, GM has said that it will block any sale of Saab that involves the sharing of GM technology. As a result, Saab's reorganization administrator is once again pushing...Read More»

Saab Facebook Fans, 100k
Saab Gets Social And Hits The 100,000 Facebook Fan Mark

Saab, the company which has had more life lines than Who Wants To Be A Millionaire, just hit the 100,000 Facebook fan mark. Now, this is a major milestone for the small Swedish automaker with a tiny marketing budget. The story behind the Saab Facebook fan page is as odd as the automaker itself. A...Read More»

2011 Saab 9-5
Saab Starts A New Chapter, But How Long Will It Be?

On Friday of last week, struggling Swedish automaker Saab signed a memorandum of understanding with Chinese partners Pang Da and Youngman. The MOU essentially sells Saab to its Chinese partners for the bargain-basement price of $142 million. That investment, however, is only the first step on what...Read More»

2011 Saab 9-5
Saab Sold To Chinese Investors, But Will Beijing Approve?

The strange saga of Saab has taken another hairpin turn this morning: in a short post to its website, Saab says that Chinese firms Pang Da and Youngman will now purchase 100% of the company. But the three parties still have a few hoops to jump through, including getting authority from Chinese...Read More»

2012 Chevrolet Corvette Centennial Edition
Marco Simoncelli Dead, 2012 Chevrolet Corvette, Saab Story: Car News Headlines

Today at High Gear Media we review the 2012 Chevy Corvette, and another Saab deal with Chinese automakers falls through. MotoGP driver Marco Simoncelli dies during the weekend and Subaru is dropping the Impreza name on the next-generation WRX. All this and more in today's car new, right here on The...Read More»

2011 Saab 9-5
Saab Ends Deal With Pang Da & Youngman: The End Is (Probably) Near

Saab fans, we have some bad news: the automaker has cancelled its agreements with Chinese firms Pang Da and Youngman. As a result, Saab's future seems a little dimmer and grimmer. If you've been following this story, you know that Pang Da and Youngman have been the only investors willing to give...Read More»

2011 Saab 9-5
Saab's Chinese Suitors Bail, Court Asked To Pull The Plug

Yesterday, Saab hit the snooze button and dreamed of survival a bit longer, thanks to a series of loans from North Street Capital totaling $70 million. That isn't nearly enough to keep the brand afloat, though, and the company has been banking on investments from China for its long-term stability...Read More»

2011 Saab 9-5
Saab Gets A Lifeline From North Street Capital

Saab, or more specifically Swedish Automobile (Swan), has received a monetary lifeline from North Street Capital, LP. The deal will generate $10 million in cash (for shares of Swan common stock) by this Friday, followed by a loan of $60 million, expected to close next week. If North Street Capital...Read More»

2011 Saab 9-4X Aero
Saab Still Awaiting Funding From Chinese Partners

In mid-September, amidst the chaos surrounding the potential bankruptcy of Saab, the automaker received what it thought was good news. Chinese partner Youngman agreed to front Saab a bridge loan worth some $95 million, in exchange for the production rights to Saab’s next generation sedan...Read More»

2011 Saab 9-4X
Jennifer Lopez And 2012 Fiat 500c, Saab Cheats Death: Today's Car News

Saab lives another day, and we finally understand the 2012 Fiat 500c commercial starring Jennifer Lopez. The Prius gets refreshed and GM won't tell China its secrets. All this and more in today's car news, right here at TheCarConnection. Confused by the 2012 Fiat 500c commercial starring Jennifer...Read More»

2011 Saab 9-5
Saab Bankruptcy Hearing Set For September 26

Two white-collar labor unions have filed bankruptcy proceedings against Saab as expected, and the lower court in Vanersborg, Sweden has set a hearing date of September 26. The bankruptcy filings against Saab were a necessary step by the unions to ensure that member are eligible for the equivalent...Read More»

2012 Hyundai Veloster
Hyundai Aces Brand Loyalty Study; Toyota, Ford Make The Top 100

The good news -- for Hyundai fans, at least -- is that the Korean automaker has driven to the top ten of Brand Keys' Customer Loyalty Leaders Index for a second year in a row. The bad news is that of the hundreds of brands that Brand Keys studied, no other car company broke the top 50, and just...Read More»

2011 Saab 9-4X
Swedish Court Denies Bankruptcy Protection For Saab

Swedish Automaker Saab has been denied bankruptcy protection by a district court in southern Sweden. The decision opens the door for both labor unions and creditors to proceed with bankruptcy filings against the automaker. The Vanersborg District Court denied Saab's filing for creditor protection...Read More»

2011 Saab 9-5
Saab Files For Bankruptcy Protection; Will China Save The Day?

Saab has had more than its share of troubles the past few years, and the company's failing finances have been headline fodder for weeks. So it should come as no surprise that earlier today, the company filed for "voluntary reorganization" with the District Court in Vänersborg, Sweden. Critics...Read More»

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