Tag Archives: Google

GM’s Ed Whitacre Confirms Spyker Is Sole Saab Bidder

Posted on 15. Dec, 2009 by .

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TTELA & Detroit News report that GM’s new Chairman, Ed Whitacre has confirmed that Spyker is the remaining sole Saab bidder. When asked about his thoughts about the Saab sale, he said “We’ve got our fingers crossed,”.

Here’s the article below loosely translated by Google.

Spyker Saab alone buyer

Dutch Spyker is the only remaining speculator at Saab, said General Motors Chairman Ed Whitacre on Tuesday.

He also believes that it is possible to effect the sale of Saab Spyker prior to the deadline in late December to January, which GM has set up, according Reuters.Whitacre also found in a roundtable with reporters at GM’s headquarters in Detroit that if sales to Spyker put option is that Saab is down.

From Spykers side had on Tuesday night, absolutely no new information about a possible purchase of Saab.

– I can not say anything. We have no comment, said spokesman Mike Spykers of Stainton PR told TT.

Whatever the case, if there were new developments in the negotiations, the schedule or the future direction of Saab, so the response was the same.
– No comment.

Stainton did not go beyond what the company said December 2 when it admitted that it had held talks with General Motors on the Saab. Otherwise, it was also the time “no comment”.

– We can not comment on the task until we have received information from the company, “said union chairman of the Union Anette Hellgren.

– We know of course that the process is complete and we are waiting for a reply, and hope that it will be before Christmas.

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Saab History Launches Mobile Site

Posted on 15. Dec, 2009 by .

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12.15.2009

FOR IMMEDIATE RELEASE:

Saab History Launches Mobile Site

PORTLAND, ME – Saab History has, following a recent social media launch and upgrade of the website, launched a mobile site.

The Saab History mobile site aims to meet the needs of the growing visitors that use internet ready mobile devices today.

Users of internet ready mobile devices such as the Blackberry, Iphone, Google Android and others should now experience an efficient and streamlined access to RSS based content than ever before, while still having the access to the traditional site as an alternative.

The new mobile site should be immediately available for most by simply pointing to the same website address as before. The site will auto sense the type of internet-ready mobile phone device, and direct visitors to the appropriate destination.

“As an information resource, it is important to offer multiple communication options in which visitors can choose. A mobile site was the next logical addition to Saab History”.

The site www.saabhistory.com, is owned and managed independently from Saab Automobile, GM and any other affiliates

CONTACT(S):

Ryan Emge, Editor, Historian & Promoter
New England, USA

Saab History – Past, Present & Future

E-mail: info@saabhistory.com
Web : http://www.saabhistory.com
RSS: http://www.saabhistory.com/feed/
Facebook: http://www.facebook.com/pages/Saab-History/155470094884?ref=nf
twitter: @saabhistory
YouTube : http://www.youtube.com/user/saabhistory

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Saab Automobile Spain Offers Saab Test Drives & Golf

Posted on 11. Nov, 2009 by .

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Photo Credit: Saab Automobile Spain

According to the Move Your Mind site, Saab Automobile Spain have recently held a test drive event at a golf park facility in Madrid.

Saab & Golf have had a long history together and this event simply continues that tradition.

Below is the press release translated thanks to Google.

During the 30th October to Friday 6 November, Saab was present at the Golf Park facility to offer its members and attendees to test drive their latest models and innovators.
[…]

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Saab 9-3x Launched In Italy At Open House

Posted on 05. Oct, 2009 by .

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This past weekend, the Saab 9-3x was launched in Italy at an open house.

As part of this launch, there is website www.saab93x.it where users can access driving itineraries specifically designed to get the most out of the Saab 9-3x. It looks pretty impressive with beautiful routes, complete with appropriate dining and lodging accommodations along the way.

Here is a copy of their press release available here from source, translated by Google.

On 3 and October 4, 2009 open house to present the Saab 9-3X, a model that marks the debut of the Saab crossover segment

A “social competition” to anticipate the exit market

Presented in preview at the Geneva Motor Show last February, the new Saab 9-3X will make its debut to the general public at the door the weekend of 3 and 4 October 2009, at the Saab dealer network. Already since Monday 28 September, an interesting “social competition”, which in 6390 totaled just four days he visits, he anticipates the exit to the market.

The new entry Saab 9-3X crossover segment marks the debut of Saab and the Swedish company makes it quite innovative, in line with their own DNA. The Scandinavian roots, in fact, can not but be reflected in their cars: the harsh climate and the rugged nature of the territory of Scandinavia are the place where many manufacturers conduct trials on their car as Saab, here, the car produces.

The Saab 9-3X is a car that combines an attractive exterior design and surprising performance in the driving wheel-drive thanks to XWD (cross wheel drive, available in conjunction with the petrol engines), which allows the driver to always have top grip on any terrain and in all conditions, combined with a self-leveling suspension system for a more neutral attitude. The performance off road and in critical condition to drive can be optimized through the limited-slip differential with electronic control (eLSD), available as an option, which allows the dynamic allocation and optimal driving force between the rear wheels.

In Italy, the new Saab crossover will be available in the 2.0 TS petrol engine XWD, two-stage 1.9 turbo diesel with DPF and TTiD 2.0TS XWD BioPower, which combines the pleasure of driving a four wheel drive with the advantages of bioethanol E85. All engines are available with 6-speed manual gearbox. The petrol and diesel engines can also be equipped with one or Sentronic 6-speed automatic transmission.

Since Sept. 28, anticipating the release on the market for Saab 9-3X, the homepage of the site or directly at www.saab.it, www.saab93x.it you can access the original “social competition”: this is a contest in which users, having recorded, in addition to enjoy a range of itineraries specifically designed by Saab to appreciate the most of the riding abilities of the new crossover, can create their own routes, share them with friends and vote the best. The routes that will win the most votes will be rewarded with a weekend of adventure in an Italian village.

The initiative was conveyed on a variety of media tools, from traditional print to direct mail but the main peculiarity of this contest was the presence on the circuits of social networks, through viral video uploaded to YouTube and posted on

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Swedish Government Wants Additional Assurances On Koenigsegg & BAIC Agreement

Posted on 01. Oct, 2009 by .

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The Swedish Newspaper, Sydsvenskan reports that the Swedish Government wants to get some additional assurances between Koenigsegg & BAIC beyond their MOU agreement before they guarantee the EIB loan.

Here is the piece below, loosely translated by Google.

Swedish Government breathe some optimism about Saab’s chances of getting EIB loans, but Koenigsegg Group must develop closer ties with Chinese BAIC that not everything will fall.

GOTHENBURG. Joran Hagglund, State Secretary at the Ministry of Industry, has in recent days have not received any feedback from the European Investment Bank (EIB) on how to make themselves available for Saab Automobile loan of over four billion.

Should the EIB leaning toward saying no require immediate information, he believes.
– A ‘no’ means any kind of change. If they say yes, it is nothing strange, “he said.

TT: Do you expect a yes?
– You have a loan application and a process to properly granted and we have not counted on anything else. Then we have our process of negotiating government guarantees, “he says.

Joran Hagglund notes that Saab’s business plan is better since it has been a private investor. He then aimed at the Saab’s potential new owners Koenigsegg Group has signed a letter of intent, known as a MOU with the Chinese Beijing Auto, BAIC, which will inject the money missing.

But it takes more.
– The fact that there is an MOU with a Chinese investor is not enough. There must be more ready agreement that shows that money really will.

Before that, the government will not go to the commission and make a so-called notification formally launch the Commission’s evaluation. Without authorization from there, no loan money is paid. A clear agreement with BAIC is essential also for the State to be able to provide the necessary loan guarantees.

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BAIC Visits Saab Factory To See Technology & Engineering

Posted on 24. Sep, 2009 by .

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Trollhattan’s TTELA indicates that BAIC‘s CEO, Wang Dazong has visited the Saab Factory this week to see the technology and the engineering.

During this visit, Dazong has indicated that his company wants something in return for their investment stake with Koenigsegg Group. This “something in return”, now appears to be technology, engineering and intellectual property rights.

So the question here is how will this interest in Saab technology & engineering differ from the program that Saab had with GM? Why can’t BAIC just get a tiny fraction of all car sales in return for their financial support?

Below is the TTELA report loosely translated from Google Translate.

BAIC examines Saab Technology
Trollhättan Employees from China Beijing Auto has been at Saab in Trollhattan in once a week. On Thursday was CEO there.
Purpose: See if there is technology to buy the company’s manufacturing operations in China.

– They are so far very pleased with what they’ve seen, “says Kjell ac Bergstrom, CEO of Saab’s subsidiary Powertrain Sweden, to TT.

Beijing Automotive Industry, which shortened BAIC, the Chinese company to invest money, probably billions, of Koenigsegg Group is to buy the Saab Automobile from General Motors.

The company has promised a minority stake in Koenigsegg Group, but to get the letter of intent to mature into a definitive agreement with spices Koenigsegg Saab Technologies.

– BAIC is prepared to invest what is needed, but want to get something in return. They have not gone into this just because it’s fun to support Trollhättan, “says Kjell ac Bergström.

Want to buy everything

He confirms that BAIC, Geely Automobile and Chinese, were among the 20 different stakeholders in the spring, wanted to buy the entire Saab. The first time the company representatives were visiting in April.

This time, BAIC employee looked closely at what makes Powertrain, namely powertrains including engines, but they have also been examined including the production and marketing department.

– Most interested are the intellectual property rights. They want to see what Saab has for technology that can be used in their own production, “says Kjell ac Bergström.

CEO Visit

On the way home from the Motor Show in Frankfurt was CEO Wang Dazong to Trollhattan on Thursday to coordinate how the work goes.

BAIC, which is owned by Beijing Municipality, currently produces primarily vehicles on behalf of established brands as Hyundai and Mercedes. The goal is to grow significantly.

– In order to be able to develop its own brand, the access rights from a manufacturer like Saab, who can sell the licenses, “says Kjell ac Bergström.

GM and Saab are still negotiating about the technology Saab owns. It’s just that the Chinese will see. In addition, Saab has taken a lot of precautions.

– They may not take any photos, nor make any copies, “says Kjell ac Bergström.

He is, like, the management of Saab and Koenigsegg Group, warmly welcoming BAIC.

– The company feels very stable, with a leadership that has experience in Western automotive businesses, “he says.

TT

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Sweden’s SVT Covers Completed Saab Sale By GM

Posted on 17. Aug, 2009 by .

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Sweden’s SVT covers the completed Saab Automobile sale by General Motors.

The deal will be presented on Tuesday, but the financial situation has still not been resolved until the European Investment Bank funds have been granted.

Here is the loose translation via Google translate:

Now, GM and Koenigsegg Group made up of Saab, as sources of reference. The deal will be presented on Tuesday, but still remains an obstacle and it is funding.
Video

A share transfer agreement is signed where Koenigsegg Group for an undisclosed sum taking over the American automotive company General Motors shares in Saab Automobile. The deal also includes a host of agreements on transfer of technology and services between Saab and GM and is described as very complicated.

Hope pretext
The agreement hopes Saab management on a turnaround for the company and that it was already the end of the week to come out of the reconstruction which it finds itself in.

It has been devastating for the sale of Saab Cars and Saab’s management has therefore worked hard to get the company back on its feet. It is important to bring back customer confidence for the important launch of the new Saab 9:5 used to show up on car show in Frankfurt in the middle of next month.

Funding is not clear
Still, however, the most important piece of Saab’s survival and it is funding. Saab has submitted the application to the European Investment Bank EIB for a loan of 600 million dollars or 4.4 billion kronor. But to get the loan must Saab have government guarantees, and there are still ongoing negotiations with riksgälden. Ultimately, it is government that must make the crucial decision.

September 22 must all be ready for then, the Governing Board of the EIB deal with the matter.

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Jan Åke Jonsson Says Saab Automobile Need Funding Now

Posted on 30. Jun, 2009 by .

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TTELA reports that Saab Automobile needs money, quickly because they are currently in-between owners GM & Koenigsegg and funding for existing operations is running out.

Furthermore, the European Investment Bank loans apparently won’t be able to be granted until September 22nd, unless they can make an earlier board meeting with the EIB in late July. Those EIB loans also, cannot be used for existing operations, only future product and innovations.

Here’s the article below, loosely translated by Google Translate.

Saab must have money – quickly

Saab Automobile could produce and sell more cars today, but it lacks money.

– We could go up in output relative to the orders we have, “says Saab-Jan Ã…ke Jonsson to the Göteborgs-Posten online.

Now Saab is trying speed up the process surrounding the loan of approximately SEK 4.6 billion by the European Investment Bank (EIB), to try to get the money earlier.

There have otherwise talked about a possible payment after September 22. Only then would the EIB’s Board of Directors to take decisions. In August has been no board meeting and the July meeting, we do not have time to fully consider Saab’s loan application.

– We work with the EIB to see if we can not move the decision until July. We have not excluded it. We do not have the opportunity to adapt our operations because the money is insufficient, “said Jonsson.

Today mounted only one hundred cars a day in Trollhättan, a very low production. Without money contributions, it will remain there.

The EIB process is also the state an important negotiating partner. EIB require government guarantees and the conditions of those negotiating with Saab Riksgälden on.
[…]

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Production Concept