Saab News

2012 Chrysler 300, August Car Sales, VW Nils: Car News Headlines
2012 Chrysler 300, August Car Sales, VW Nils: Car News Headlines

A single-seat electric car from VW has broken cover, nearly two weeks before its official reveal: Volkswagen Nils Electric Car Concept: 2011 Frankfurt Auto Show While car sales numbers for August roll in, the Nissan Leaf takes a wider lead over the Chevy Volt: Aug Electric-Car Sales: Nissan Leaf...Read More»

2011 Saab 9-5
Saab Posts Significant First Half Loss, Seeks Loan To Avoid Bankruptcy

Saab’s financials from the first six months of 2011 are in, and the numbers aren’t good. Swedish Automobile (Swan), parent to both Saab and Spyker, has reported a loss of $288 million in the first half, with a loss of $175 million occurring in the second quarter alone. Sales for the...Read More»

Hurricane Irene
Betting On Tesla, Hurricane Irene Strikes, Saab Bankrupt: Car News Headlines

If you're in the path of Hurricane Irene, you need to prepare. Now. Stay safe. [TheCarConnection] Saab is at bankruptcy's door, again. Will this trip through court be its last? [TheCarConnection] Betting against Tesla's Elon Musk? The Wall Street Journal's Dan Neil is, and he's hoping to lose...Read More»

2009 Saab 9-5 SportKombi
Saab To File For Court Protection From Creditors, Unions: Report

Saab's logo may be the mythical griffin, but a nine-lived cat might have been more appropriate. The struggling Swedish automaker has already twice cheated death at the hands of its parent General Motors, but its ninth life may now be hanging by a thread (to mix a metaphor or two). According to...Read More»

2011 Saab 9-4X
Saab Drowning In Debt, Customers Jump Ship, CEO Gets Raise

Usually there's a lull in auto news at this time of year, but Saab is bucking the trend with plenty of high-stakes drama. New reports indicate that the Swedish government is about to seize Saab's assets, customers are fleeing the brand, and curiously, the CEO of Saab's parent company has landed a...Read More»

2011 Saab 9-5 Aero
Saab Issues New Shares, Pulls Out Of Frankfurt Auto Show

Swedish Automobile, Saab’s parent, is issuing another 4 million shares under an existing agreement with GEM Global Yield Fund Limited. Earlier this month, Swedish Automobile sold an estimated 5 million shares to GEM in order to raise funding to pay workers and suppliers. The new deal is said...Read More»

2011 Saab 9-5 Aero
Despite Funding Commitments, Saab Still Can't Pay Workers

In the past few months, Swedish Automobile (Saab’s parent) has signed agreements with Chinese partners Pang Da Automobile Trade Co, Ltd. and Zhejiang Youngman Lotus Automobile Co, Ltd. worth an estimated $245 million. They’ve sold real estate holdings, including their factory in...Read More»

2011 Saab 9-4X Aero
Saab Forms Joint Venture With Youngman To Develop New Models

There’s a lot of paperwork and contracts being couriered between China and Sweden these days, and we’re not quite sure what to make of it all. After an announcement earlier this month that contracts between Swedish Automobile and investors Pang Da and Youngman had become binding, the...Read More»

2011 Saab 9-4X
Sun For the Whole Family: Family Cars with Dual Sunroofs

Call them sunroofs or moonroofs, UltraView or Panorama, or even something else, when it comes to the best family cars with dual sunroofs, it’s not the name that matters but how top-drawer the feature is. Here are dual sunroofs from six automakers worth a look. Family vehicle choices include...Read More»

2011 Saab 9-4X
Saab's 9-4X Hits Dealers, But Are There Customers?

Saab’s 9-4X crossover is built by General Motors in Ramos Arizpe, Mexico, so production hasn’t been affected by Saab’s assembly line shutdown in Sweden. The heavily-anticipated new model, built on the same platform as the Cadillac SRX, will be in dealer showrooms later this month...Read More»

2011 Saab 9-5 Aero
Saab Gets Green Light For Property Sale, Sets Production Start Date

Things are looking better and better for Saab these days. After months of the Swedish automaker teetering on the brink of bankruptcy, this week has them announcing three new models and getting the green light on a previously announced sale of real estate holdings. Swedish Automobile NV has received...Read More»

2011 Saab 9-4X
2011 Saab 9-4X Earns IIHS Top Safety Pick

When it comes to family safety, top crash test scores and a Top Safety Pick designation from the Insurance Institute for Highway Safety (IIHS) mean a lot. The 2011 Saab 9-4X, a mid-size luxury crossover SUV just earned Top Safety Pick status. In a July 5th announcement, the IIHS noted that the Saab...Read More»

2011 Volvo S60 Performance Project
Saab Saga, Infiniti Gets Small, GM Recall: Car News Headlines

Volvo's S60 Performance Project hints at a possible PCP model, which is almost but not quite as unfortunately named as the Smart ED. [MotorAuthority] Saab says it's found a new sugar daddy, and announced three upcoming vehicles, but China's leaders have been pretty quiet on the whole topic...Read More»

2011 Saab 9-5
Saab Says It's On, But Will Pang Da Eat, Shoot, and Leave? #YouTellUs

Saab has been on the brink of ruin for years, but each time it looks like the end is near, it seems to get a stay of execution. Yesterday that stay of execution came from a deal with Pang Da Automobile. The deal that will get cash for Saab to build three new model lines is said to be finalized, but...Read More»

2011 Saab 9-5
Will Pang Da Eat, Shoot, And Leave Saab? #YouTellUs

"Saab is dead." "Saab is alive." Those are two sentences we've read way too many times in the last few years. For now, Saab has secured enough cash to pay employees. It raised $40 million by selling off property, the day before it received an order for 582 vehicles from a mystery Chinese party. The...Read More»

2011 Saab 9-5
Saab Returns From The Brink Of Collapse With 3 New Models

To say that Saab has had a tough time the past couple of years is like saying that Alaska is slightly chilly in the winter. Since the recession hit in 2008, Saab has teetered on the brink of collape, but fans will be happy to know that a new infusion of cash has put the company back on its feet...Read More»

2011 Saab 9-5
Saab Sells Property, Raises Additional $40 Million

This is shaping up to be a good week for automaker Saab and parent Swedish Automobile. Just yesterday we told you about a mysterious Chinese firm which paid cash in advance for some 582 vehicles, worth approximately $18.4 million. That was enough capital for Saab to meet payroll, but it...Read More»

2011 Saab 9-5 Aero
Saab Saved--For Now--By Mystery Order For 582 Cars

Just last week, it looked like the end was near for Saab. The Swedish automaker announced that they couldn’t make payroll and had extended their production stoppage through July 3. Nearly as bad, a proposed payment schedule for existing suppliers had Saab paying just 10 percent of outstanding...Read More»

Monster Tajima's GoPro Suzuki SX4 Pikes Peak race car
Self-Driving Cars, 'Monster' Tajima, Hot Cars Get Girls: Today's Car News

Nobuhiro 'Monster' Tajima broke his own Pikes Peak Hill Climb world record by breaking the 10-minute mark. [MotorAuthority] Science has proven that a hot car can get men dates. The sky is also blue. [TheCarConnection] The 2011 Lexus CT 200h is in a class of one, the luxury compact hybrid hatchback...Read More»

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