Saab | Motor Industry | CAR Magazine Online

Saab Parts UK has secured the sale of the last 26 right-hand drive Saab 9-3 convertibles for customers in the UK. The final batch of convertible Swedish metal will be sold through 87 Saab authorised repairers in lieu of a dealer network. Saab 9-3 Convertible: the last of the line The final Saabs may be of sentimental value to fans of the marque, although the ...

Results 1 - 10 of 26

Last of the Saab 9-3 convertibles land in the UK

Pembroke Tenneson, 11 May 2012 10:08

Saab files for bankruptcy: the end of the Swedish saga

4.5

Tim Pollard, 19 December 2011 10:04

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang ...

Saab is sold again: two Chinese makers buy Saab

Tim Pollard, 28 October 2011 12:23

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet ...

Saab secures more funds as it seeks to avert collapse

Mark Hamilton, 27 June 2011 09:09

Saab parent Swedish Automobiles has found another financial lifeline in China as the struggling carmaker faces possible legal action from unions over unpaid wages. In a statement this morning, Swedish Automobiles announced that an un-named Chinese firm has placed an order for 582 Saab vehicles, valued at 13 million Euro (£11.5m) with full pre-payment 'expected to be made this week'. ...

Saab unable to pay wages as financing crisis deepens

2.5

Mark Hamilton, 24 June 2011 08:57

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has ...

News watch June 2011: today's auto industry news

3.5

Mark Hamilton, 23 June 2011 11:07

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourThursday 30 June 2011• Toyota is planning a massive media campaign in the US to promote its new Camry saloon, due in autumn 2011. At a dealer meeting in Las Vegas, Toyota executives announced ...

Saab announces new China joint-venture

3.5

Mark Hamilton, 16 May 2011 09:31

Following on from last week's collapsed Hawtai Motor Group deal, Saab owners Spyker Cars have announced a fresh collaboration agreement today with Pang Da Automobile Trade Co, a Chinese vehicle distributor. Saab and Panda Automobile Company? Sounds Mickey Mouse to me! Pang Da, not Panda. The firm is based in Tangshan, and sells a number of foreign and domestic vehicle brands ...

Saab's finance struggle: the latest news

Mark Hamilton, 13 May 2011 15:21

Time appears to be running out for Saab, which hasn't built a single car since 1 April. And the hunt for new investors intensified this week as a deal worth more than £100 million with a Chinese partner collapsed. Trollhattan factory has been idle since 1 April, halted by cashflow issues which saw suppliers withold parts in response to unpaid ...

Saab's latest factory shutdowns 'just a blip'

Phil McNamara, 11 April 2011 11:22

Saab’s liquidity crisis is a short-term ‘blip’, according to sources close to the company. Production at its Trolhattan plant in Sweden has been halted several times in the past fortnight, by suppliers refusing to deliver parts because of unpaid invoices. However, the company is confident that the impasse will be resolved soon. According to The Economist, Saab has more than ...

Latest Saab production halt raises concern

3.5

Mark Hamilton, 05 April 2011 16:06

News today that Saab has halted production again, owing to problems paying suppliers, has raised further questions over the long-term financial viability of the independent car maker. Saab says it continues to negotiate with its local suppliers to ensure a supply of parts, but has declined to mention when production may resume. Didn't Saab have supplier issues last week? Yes. ...

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