Tag Archives: Germany

G.M. To Decide The Fate Of Saab Automobile Next Tuesday

Posted on 25. Nov, 2009 by .

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The New York Times & Bloomberg report that GM will be holding a board meeting next Tuesday, December 1st where they will ultimately decide the fate of Saab Automobile.

Nov. 24 (Bloomberg) — GM’s board will review the future of the bankrupt unit at a Dec. 1 meeting, said the person, who asked not to be identified because the talks aren’t public. Directors could opt to keep Saab, as they did earlier this month in scrapping the sale of the Opel division in Germany, the person said.

Today’s pullout by Koenigsegg, which said it ran out of time to complete a deal, is the third brand sale to falter since GM’s July 10 bankruptcy exit. GM backed out of the Opel sale to a group led by Magna International Inc., and Penske Automotive Group Inc. withdrew in September from a plan to buy Saturn.

“What this indicates is it’s a pretty tough car market,” said Jim Hall, a principal at consultant 2953 Analytics in Birmingham, Michigan. While Detroit-based GM cut liabilities in the U.S. while in Chapter 11, “in Europe it’s a whole other story because they didn’t get this similar cleansing.”

GM began getting indications of a possible snag over the weekend, and Koenigsegg’s board decided yesterday to back away, the person said.

The Swedish company had sought to obtain in advance all 400 million euros ($600 million) of financing approved by the European Investment Bank, while the lender planned to disburse the funds in tranches, said a second person who was familiar with those negotiations.

‘We Believed’
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Koenigsegg Group AB Terminates Agreement For Purchase of Saab

Posted on 24. Nov, 2009 by .

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2009-11-24

CONTACTS

Koenigsegg Group AB Terminates Agreement For Purchase of Saab

DETROIT — General Motors confirmed today that the proposed sale of its Saab subsidiary to Koenigsegg Group AB was terminated at the discretion of the buyer.

“We’re obviously very disappointed with the decision to pull out of the Saab purchase,” said GM President and CEO, Fritz Henderson. “Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week.”
[…]

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Saab Automobile To Unveil Another Concept Car?

Posted on 06. Nov, 2009 by .

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Saab Automobile to unveil a new concept car? This is the headline that hit the news media today according to Edmunds Inside line.

Apparently, this concept, will define the new Saab. This makes me wonder though, if this new concept defines the new Saab, what are the 9-X Air, 9-X BioHybrid, 9-4x BioPower, 9-5 BioPower e100, 9-3 BioPower Hybrid Convertible and Aero-X doing? I thought all of these previous concept cars were built to define the new Saab, so the question is, how will this new edition to the concept car lineup be so significantly different that it defines the future of Saab?

Anyone want to guess at the name of the new concept car model designation?

Here’s the piece below by Edmunds Inside line.

Saab’s Next Concept Expected To Be a New Small Car

Published Nov 5, 2009t

TROLLHÄTTAN, Sweden — Saab is working on a new concept car — believed to be a new small model — that will “define the new Saab,” says Director of Global Operations Knut Simonsson. “It’s going to be very important and will indicate what the Saab message is going to be.”

The concept, which will appear within the next 12 months, will take Saab into a segment in which it is not currently present, although Simonsson would not be drawn out on what that would be. However, it is thought that the company is once again considering a smaller model, positioned beneath its aging 9-3.

But a new small Saab is a long way off right now, as the company regroups following its yet-to-be finalized breakaway from General Motors. More pressing, in product terms, is the need to replace the 9-3, although that’s a good three years away. Between then and next spring’s 9-5 launch, we will see a Combi version of the 9-5 with a tailgate and the Mexican built 9-4X SUV launched.

The 9-3 replacement, which was originally to have been built on a shortened version of the GM Epsilon platform that the 9-5 rides on, may be built on a Saab-derived platform that uses the front-end structure of the Alfa Romeo 159, which at one time Saab worked on with the Italian company as part of a failed cooperative venture.

In the near future, Saab is busy consolidating its activities around its Trollhättan factory. The production line for the 9-5 is currently being lifted and shifted from Opel’s Rüsselsheim factory in Germany, where it was originally to have been built, an exercise requiring the movement of 56 truckloads of machinery, says Simonsson.

He adds that the split from GM has delayed the launch of the 9-5, “which we really had to fight for,” by six months.

The company is also transferring production of the 9-3 Cabrio, currently made by Magna in Graz, Austria, to Trollhättan as well. Further out, Simonsson talks enthusiastically about what he calls the “electrification of the turbo,” which can be interpreted as the development of a hybrid model using bespoke Saab technology.

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Saab History On the All New Saab 9-5 World Premiere

Posted on 18. Sep, 2009 by .

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Photo Credit: Saab History

As an attendee of the 2009 Frankfurt Motor Show earlier this week thanks to Tynan’s Saab & JMK Saab, I had the opportunity to see the all new Saab 9-5 and interview those that are responsible for shaping the future of Saab Automobile and the products. Without this timely support, I would not have had the opportunity to cover this experience here on Saab History for us.
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Saab History Interviews Saab Designer, Anthony Lo

Posted on 18. Sep, 2009 by .

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Audio Credit: Saab History

Anthony Lo who I interviewed last January in Detroit spoke with me about his time working with Saab since departing earlier this year to stay with Opel. After nearly 9 years as the advanced design director for Saab Automobile’s future products and concept cars, he decided to stay in Germany.

You may remember Lo led what people refer to as the “concept car era” beginning with the 9-X in 2001, and ending with the 9-X Air just last year.

It was a pleasure to have the opportunity to interview him, in an audio only format since he is no longer an employee of Saab. A sincere thank to to Anthony Lo, as well as Tynan’s Saab & JMK Saab for making it happen.

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Saab History Travels To Frankfurt, Germany

Posted on 13. Sep, 2009 by .

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Today, I will be traveling to Frankfurt, Germany with special thanks to Tynan’s Saab in Fort Collins Colorado as well as JMK Saab in Springfield, New Jersey. These two dedicated Saab dealerships located in good markets, are firm believers in Saab, their customers and the future of Saab which is why they show their support in sending Saab History to report back for us.

I am looking forward to covering the next generation Saab 9-5 launch at the Frankfurt Auto Show and learning as much as I can about both the car as well as the new Koenigsegg owned Saab Automobile company.

I promise as always, to do my best to deliver content here once I return.

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Saab History Is Attending Saab 9-5 Debut In Frankfurt!

Posted on 09. Sep, 2009 by .

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Photo Credit: Saab Automobile AB

UPDATE: Saab History is attending the Next Generation Saab 9-5 Global Debut in Frankfurt!

Saab History, thanks to recent support, will be attending the global debut of the 2010 Saab 9-5 Launch that will be taking place at Frankfurt, Germany on September 15th.

In addition to my press passe, I now also have my flight and lodging booked. press.jpg

To view my previous work, please take a look at my services page and scroll down and visit each link to get a taste of the material I have experienced, when it comes to covering vehicle launches for Saab Automobile.

Like I have said before, that much like the previous events, it is again, very important that I capture the most complete coverage of this event through written, photographic and the increasingly important segment of digital video and to get it showcased here on Saab History for us to enjoy.

Please Note: The videos produced, are hyperlinked from the reviews in some cases:

With a sponsor, I will be able to be present to cover this event much like I have with the previous events that have been sponsored below.

2009 Frankfurt Auto Show, Germany, 2010 Next Generation Saab 9-5 Global Debut – September 15th, 2009
Sponsor: (DETAILS FORTHCOMING)

2009 Saab Owners Convention August 14th-16th, 2009

Sponsor: Cherry Hill Saab Of New Jersey & Tynan’s Saab Of Fort Collins, Colorado

2009 New York Auto Show & 2010 9-3x North American Debut April, 2009
Sponsor: Cherry Hill Saab Of New Jersey

2008 Saab 9-3 Turbo-X Drive Event May 2008
Sponsor: Herb Chambers Saab Of Boston

The Saab 9-X BioHybrid Concept North American Premiere at the 2008 New York Auto Show March, 2008
Sponsors: JMK Saab & Saab Of Hunterdon of New Jersey

2008 North American International Auto Show & Saab 9-4x BioPower Concept Global Launch In Detroit January, 2008
Sponsors: Eurotech Colorado, Inc, formerly Saab Colorado, Inc. of Colorado.

2007 Turbo-X North American Premiere at the Boston Auto Show November, 2007
Sponsor: Saab Of Hunterdon of New Jersey

If you have any questions, please don’t hesitate to contact me directly.

Alternatively, you can e-mail me directly at info (at) saabhistory (dot) com.

I thank you for your time and look forward to your support!

Sincerely,

Ryan / Saab History

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2010 Saab 9-5 Sedan Production Starts Early Next Year

Posted on 04. Sep, 2009 by .

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Photo Credit: Saab Automobile AB

According to TTELA, the 2010 Saab 9-5 Sedan starts production early next year as the tooling equipment for the factory continues to arrive in Trollhattan, Sweden from Russelheim, Germany.

Production of the new 9-5 going into early next year

SÖDERTÄLJE Saab has orders to fill production is almost the year. Despite the company is still on the low rate of about 100 cars per day.
The reason is simply that you do not want to take risks on cash flow.

– After we got out of GM’s cash flow and do our own cash flow, we have an incredibly careful planning as we follow meticulously. And we are cautious with our commitments now, not likely to build on our stock, “said Saab’s CEO Jan Ake Jonsson yesterday at Large Supplier Day.

He also said that preparations to start production of new 9-5 in Trollhattan in progress.

The tools needed in the production of new cars have now gradually started to come to Trollhättan from Rüsselsheim.

– Production of new 9-5 kicks off early next year. Eventually, we expect to sell an average of 50 000 cars per year by then and combined, “said Jonsson.

At the same time he also denied newspaper reports that the ongoing renegotiation of contracts with suppliers.

– We comply with the contract we have with suppliers. Our position is that the agreements concern, made it clear Jonsson.

Saab CEO was on the offensive yesterday and took the opportunity to respond to both the media and sections of public opinion. Media coverage of the Saab he called “a witch hunt that is both inhuman and black and white”.

Equally clear was that Jan Ake Jonsson was irritated by the debate about whether the state should run the risk of taxpayers’ money by setting up the loan guarantees to Saab.

– The conditions we must meet in order to get these loans are far far worse than for a bank loan. We must provide adequate securities, securities that are conservatively valued, and in most cases valued if we would go bankrupt, “he says, and continues:

– We must also pay interest at both the guarantee and the loan.

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Production Concept