Archive for February, 2009

Saab Automobile Confirms 7-8 Potential Buyers

Posted on 27. Feb, 2009 by .

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Trollhattan, Sweden’s TTELA reports that Saab Automobile’s Gunilla Gustavs confirms that there are 7 to 8 potential buyers that have made serious inquiries about buying Saab Automobile AB.

Again, we know these are Swedish and foreign companies, within and outside of the automotive industry.

I guess Deutsche Bank is now somehow involved in finding a new buyer for Saab, presumably because of their ties with Opel & Saab’s products, engineering, design and production that has been closely integrated in Russelheim, Germany over the years?

We know who is NOT interested in acquiring Saab, so are the parties actually interested in Saab?

Anyone with insight into this, please contact Saab History.

“7-8 potential buyers” Saab confirms serious inquiries

Trollhättan There are seven, eight seriously interested in hearing from them that go in as the owner of Saab Automobile.
It confirms the company.

– There are both Swedish and foreign companies and companies within and outside the automotive industry, “says Gunilla Gustavs, responsible for product communications at Saab.

Saab’s CEO Jan Ã…ke Jonsson has previously said that Saab has received serious inquiries from interested parties who are prepared to go in as the owner of Saab when GM leaves ownership. Now, therefore, Saab specify that number. What they want of course it did not go out with in this mode.

– But in the case of requests where we believe we can go in as responsible owners, “says Gunilla Gustav.

Now Saab is working with a paper to be presented to those who heard of it.
– This is to show that the Saab is an attractive company, for example, to recognize the brand.

Deutsche Bank is also engaged in the process of finding one or more new owners of Saab.
– We hope that the issue will resolve itself during the first quarter as restructuring continued.

During this period, has secured cash from GM.

– But would not be completed during this period, we can go to the GM to work with the subject of a further three-month period.
GM’s plan is to leave Saab completely by January 2010.

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Saab Automobile CEO, Jan-Åke Jonsson, Negotiating $637/€500 Million Loan With Swedish Government

Posted on 27. Feb, 2009 by .

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jaj1 Saab Automobile CEO, Jan Åke Jonsson, Negotiating $637/€500 Million Loan With Swedish GovernmentSaab Automobile AB CEO, Jan-Ã…ke Jonsson is currently in negotiations for a $637/€500 Million EIB Loan from the Swedish Government at this time according to Reuters. This would mean, that the other half would have to come from the new owner, resulting in less than $400 million for a total of $1 Billion USD.

Jan-Ã…ke Jonsson states that there are a “handful of parties” interested in acquiring Saab that include auto manufacturers as well as investors that are from Sweden as well as outside of the country.

As we know, the loan requirements stipulate that all of the production takes place in Sweden, which make me wonder about the Saab 9-4x which is supposed to be built in Ramos Arizpe, Mexico. Will that be relocated to Sweden too?

The second stipulation for the loan that Jan-Ake indicated, was that none of the funds that the Swedish Government provides, once a new owner arrives, will be able to be funneled back to Detroit to the former parent company, GM.

I now see why more more negotiating must be taking place at this time, because prospective buyers have contacted the Swedish Government already expressing interest in buying Saab AUtomobile. I guess that since the Swedish Government is seeing possible buyers, the financial negotiations will continue.

This news continues to sound positive, so I look forward to more developments on Saab Automobile’s reconstruction process and ultimately how they will emerge from it as a truly independent company with an owner/investor ready so that they are ready to take flight towards the future!

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Saab History Suggests Next Generation Saab 9-5 Begins Production in Russelheim, Germany This Summer, Then Transferred to Trollhättan, Sweden Later

Posted on 27. Feb, 2009 by .

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With all of this news about reconstruction and a positive future for Saab Automobile, I am concerned that during this time, our dealerships across the globe continue to suffer without any new product in their showrooms.

I am hoping that Saab Automobile, without any further delays, begin production of the next generation Saab 9-5, at the GM Europe Opel factory in Rüsselsheim,Germany as soon as this summer!

This new model, will eventually be transferred to Trollhättan, Sweden some time later due to the Swedish Government’s domestic production requirements for the loans, which should be effectively transparent to the dealerships and the customers.

While this idea may be crazy, it may be logical because time is of the eseence, as it does not delay the production of the model any longer that dealerships need today, it does not increase cost, plus it will further help Saab Automobile’s partnership efforts that are continuining with Opel.

Let’s keep in mind, this is not the first time Saab has done this, if they choose this road. For the record, Saab did this with their very first automobile, the SAAB 92, which began production in Linkoping, home of the aircraft, then transferred production a year later to Trollhättan back in the late 1949.

Here’s hoping a fast-tracked production of the next generation Saab 9-5 is green lighted, and gets a move on where dealerships see it arriving in their showrooms this fall, just after it is debuted at the Frankfurt Auto Show in September.

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The First Spy Video Footage Of Next Generation Saab 9-5

Posted on 27. Feb, 2009 by .

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autoweek The First Spy Video Footage Of Next Generation Saab 9 5

Film Credit: Auto Week NL

Autoweek Netherlands has caught up with the next generation Saab 9-5 prototype with the first ever, film coverage of the vehicle.

While the majority of the coverage of the vehicle is from the rear end, you do pick more details than we have seen in the previous photographs, specifically how the brake lights show up,

Click here to watch the video directly on Auto Week’s website.

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Saab Automobile & Opel Are In Fast-Track Talks To Join?

Posted on 27. Feb, 2009 by .

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opelsaab Saab Automobile & Opel Are In Fast Track Talks To Join?

I have recently read in Business Week, that there continues to be an ongoing dialog between Saab Automobile AB and Opel, with some possibility of there being some fast-track partnership talks during this period of reconstruction for Saab Autmoobile.

I hear that there are two equally divided camps with regards to partnering between Opel & Saab, and no matter how much people feel one way or another, we do know that they won’t be ending these talks within the next three months due to next generation Saab 9-5 that will hit production this summer.

I still wonder if there will be a new spin-off group involving Saab, Opel & Vauxhall.

In the meantime, here is their quote, coming from Sweden’s Expression newspaper.

One possible restructuring plan would be for Saab to team up with Opel. The Stockholm-based paper Expressen reported on Friday that the company was also in fast-track talks with Opel, GM’s crisis-striken German subsidiary, to possibly join forces without their American parent.

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Nyteknik Exposes The Saab 9-1 Hybrid Technology

Posted on 27. Feb, 2009 by .

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9 11 Nyteknik Exposes The Saab 9 1 Hybrid Technology

Photo Credit: Jonas Hållén

Jonas HÃ¥llén of Nyteknik has written an article about Saab Automobile’s promising low-cost hybrid-electric solution technology that may see implementation in the new small car, known as the Saab 9-1, or 9-2 as they are referring to it as.

For all intents and purposes, I will continue to call it a 9-1 unless officially told otherwise, not to be confused with the 9-2x that was available in 2005-2006.

The Saab 9-1 may use this hybrid technology called BAS (Belt-Driven Alternate Starter), a take off based on GM technology (presumably originated at GM Engineering in Sweden no doubt?)

Three new models to make the Saab in Trollhättan profitable in 2011 talking CEO Jan Åke Jonsson on. But secretly developing Saab also has a small car with cheap hybrid electric solution, experiencing New Technology.

This is a new model, built on GMS smaller Delta platform, to be known as the Saab 9-1 or 9-2.

The new model will take up competition with BMWs 1 Series and Mercedes A-class. The weight and size will be approximately the same as that of its competitors, but by using a hybrid solution in the cart to Saab the increased drive down fuel consumption to about 0.4 liters per mil.

According to data to new technologies, it is an attempt to regain the former Saab strength: small, fuel efficient cars with driving pleasure. The basic design of the engine taken from any of the GMS smaller engines. They are available in both petrol and diesel models from 3-cylinder engines on January 1 liter and above.

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Saab Automobile Supporter Demonstrations Begin in Trollhttan, Sweden & Opel Supporters Continue To Demonstrate in Russelsheim, Germany

Posted on 27. Feb, 2009 by .

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Sweden’s SVT reports that Saab Automobile AB’s supports have begun demonstrating in Trollhättan, Sweden while Opel supporters and unions also continue their demonstrations in at the Opel factory & GME design center in Rüsselsheim, Germany as well.

As you can see in the video, regardless of the language, the unwaivering support for General Motor’s Europe brands (Saab/Opel/Vauxhaul) continue during their negotiations with General Motors.

I wonder if these three brands will still work together to form a new group, given their similiar situations across the board? Together, we are one voice, together we are stronger? I still continue to look at what will happen between Saab and it’s sister GM Europe brands, this will be interesting.

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Swedish Government’s Mona Sahlin, A Proponent For Saab Automobile AB’s Success

Posted on 27. Feb, 2009 by .

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mona Swedish Governments Mona Sahlin, A Proponent For Saab Automobile ABs SuccessSweden’s Mona Sahlin, A Proponent of Saab Automobile, has debated with Maud Olofsson on STV recently and this past Thursday, has demonstrated amongst 3,000 strong in support of Saab Automobile in Trollhättan, Sweden.

Mona Sahlin, is the first female ever to become leader of the Swedish Government’s Social Democratic party and a true supporter for Saab, challenging her political opponents wherever possible. I hope she can work to influence her constituents in the Swedish Government to ensure that Saab Automobile emerges from reconstruction in a better situation financially, and that the transition for a new owner is smooth and well supported.

This is a time when people that want Saab Automobile to live on, need to stand up no matter what and do what’s necessary to ensure a successful and viable future.

It is great to see her support our Saab Automobile brand with the rest of us.

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