General Motors Announces Saab Automobile AB’s Departure And New Era of Independence

Posted on 20. Feb, 2009 by in 2000-2009

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Image Credit: Saab Automobile AB (New Logo “Wordmark”)

This is the press release we’ve been waiting for since December of 1989, when General Motors took over Saab Automobile AB with a 50% stake.

Today, it is my great pleasure to provide you a press release twenty years later in 2009, stating that Saab Automobile AB will be departing 100% from General Motors over the course of this year.

The poll that I provided really made it clear with the results that everyone wanted Saab Automobile to be sold from GM, and effectively, this is the first step in the process.

To take a look back at the eras of Saab Automobile, please refer to my chart here.

I have gone ahead and asked the current Saab Automobile USA President, Steve Shannon to provide a video announcing this departure much like former President of Saab-Scania of America, Inc. Bob Sinclair did back in December of 1989 in his corner office of the merger. I am awaiting his response.

Saab History’s history continues here on Saabhistory.com and without further delay, here’s the press release (notice the updated Saab logo “wordmark” on the header in the press release)

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Saab Automobile on the way towards independence

– ”today is the beginning of a new chapter in Saab’s history”

After 20 years of foreign ownership, the future of Saab Automobile is once again in Swedish hands. On Friday, the Vänersborg District Court approved the request for a reorganization and restructuring which Saab’s representative submitted earlier in the morning.

“Today is the beginning of a new chapter in Saab’s history”, says Jan Åke Jonsson, Managing Director of Saab Automobile. “We are now recreating Saab Automobile as an independent unit. The road ahead will not be easy. Many have already suffered considerably as a result of the crisis in the automobile industry and sacrifices will be a part of our future, but after a period of tough decisions we will have laid the foundations for a new beginning.

“Saab has a trademark which is well established both in Sweden and internationally. We have a documented efficient production and we have a strong range of models in development. That is why we have chosen this road. The future will be tough, but the commitment which exists to support the Swedish automobile industry and Saab will help us in the arduous tasks which lie ahead of us.”

The work of piloting the new Saab Automobile into the future will be led by a group of three persons: the lawyer Guy Lofalk, whom the District Court has appointed as Administrator, the Managing Director Jan Ã…ke Jonsson, and the international reorganization expert, Stephen Taylor.

The purpose of the company reorganization is to create a short-term stability that will make it possible to develop a long-term solution for Saab. The Swedish Company Reorganization Act says that an application shall not be approved unless there is reasonable cause to assume that the purpose of the reorganization will be achieved. In today’s decision, the District Court has found that such conditions exist.

“I can already say that I am impressed by the competence within Saab”, says Guy Lofalk, “and with three strong automobile models just around the corner it would be a waste not to try to find a long-term way forward.”

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No Responses to “General Motors Announces Saab Automobile AB’s Departure And New Era of Independence”

  1. Kurt W. Krauss

    20. Feb, 2009

    By the way, that word mark looks incredibly similar to the one on the back of my ’69 V4. I for one am glad the Griffin is being ditched.

    Reply to this comment
  2. TW

    20. Feb, 2009

    28 years ago I saw something in Saab that grabbed me and would not let go. Sadly over the years it began to disappear. Could it be that the MASK that has covered it is now being removed…… I sure hope so. Good work Ryan. Nice the SAAB again as well!

    Reply to this comment
  3. Ryan

    20. Feb, 2009

    Thanks! The new SAAB wordmark will be very recognizable, it’s not like it’s a new idea! It’s a fresh visual for sure!

    Thanks again!

    Reply to this comment
  4. Todd

    21. Feb, 2009

    One of my mechanics has a griffin tattoo.

    Poor guy.

    Reply to this comment
  5. Ian Glenday

    21. Feb, 2009

    I sincerely hope that we are on the path to recovery not for us, the dedicated SAAB followers, but for those Saab workers and affiliates World-Wide who have toiled hard and long to make SAAB what is is today. Without you there would be no SAAB. Hang in – survival is the name of the game. Good luck!!!!

    Reply to this comment
  6. Peter Gilbert

    21. Feb, 2009

    When I purchased my 1989 SPG, (it could well have been the last one) literally before the initial GM merger, I never thought that to this day, the number of people still had no clue, that Saab was part of GM!

    Even with all the publicity, in 2006, I noticed while working the Saab stand at the Milwaukee Auto Show, the lack of knowledge, just pure emotion. Now the new independence will lead to the sound engineering, that initially, attracted me to the brand, as a teenager; those great days of logic instead.

    Peter Gilbert

    Reply to this comment
  7. Ryan

    24. Feb, 2009

    Peter,

    Some people to this day don’t know that Saab is part of GM. 🙂

    R

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