Tag Archives: Renault

Former Saab Designer Anthony Lo, Leaves GM For Renault

Posted on 09. Mar, 2010 by .

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Photo Credit: Saab History

Former Saab Designer, Anthony Lo, who I interviewed this past September in Frankfurt and previously in Detroit a year earlier, has left GM to take a new position with Renault according to Car Design News

Lo, led what people refer to as the “concept car era” for Saab under GM’s ownership, beginning with the 9-X in 2001, 9-3x, 9-3 Sport Hatch, Aero-X, 9-4x BioPower, 9-X BioHybrid and ending with the 9-X Air in 2008.

He brought a lot of design skills to the table with Saab and it was a pleasure to have him on board.

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Genii Capital Plans To Submit Bid For Saab Today

Posted on 07. Jan, 2010 by .

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Saab History has confirmed through Bloomberg & TTELA’s interview, that Luxembourgh based Genii Capital plans for a bid to Saab Automobile by 5pm today.

Apparently, there is a Swedish entrepreneur behind the company and has been working on this for nearly a year to buy Saab. – It takes time to get all the pieces in place, “says the source according to TTELA.

Genii Capital is a private investment company that operates in North America, Europe & Asia. They specialize in development of innovative ideas in brand management, technology, entertainment and automotive industries. This past December they announced their intent to purchase the Renault F1 racing team.

When Saab History tried to contact them today, they were answered the phone, but were unable to comment as their spokesperson would not be available until Monday.

Here is a piece by Bloomberg below:

genii

Jan. 7 (Bloomberg) — Genii Capital plans to hand in a bid for General Motors Co.’s Swedish Saab Automobile unit today, Genii spokesman Lars Carlstroem said in a telephone interview.

Genii plans to use former bidder Koenigsegg Group’s business plan for Saab and make the automaker profitable by 2012 with production of 105,000 vehicles a year, Carlstroem said.

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Saab Automobile Plans To Double Dealerships In China

Posted on 23. Sep, 2009 by .

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Photo Credit: Saab China

According to the Trading Markets website, Saab Automobile is evidently planning on doubling their dealerships in China/

This news comes after learning that the old Saab 9-5 production will be continued in China, for China, after the BAIC announcement made earlier.

At this time, there are 16 Saab dealerships in China, so I guess that would bring it to 32?

BEIJING, Sep 23, 2009

Beijing Automotive Industry
Holding Co., Ltd. (BAIC) is considering the local production of Saab brand in China, according to an insider of the leading Chinese automaker, saying that the final result depends on bilateral negotiations.

A consortium headed by Swedish sports car manufacturer Koenigsegg is buying Saab from General Motors Corporation (NYSE: GM), while BAIC has inked an agreement with Koenigsegg on the purchase of the latter’s minority stake.

Saab Managing Director Jan-Ake Jonsson has also disclosed the intention to have local production in China, saying that the company plans to double its dealer number in the country.

Currently, Saab cars are imported into China and sold through the sales network of Shanghai General Motors Co. Ltd. (Shanghai GM), the joint venture between Shanghai Automotive Industry Corporation (Group) (SAIC) and GM.

As the agreement with SAIC will gradually expire, Saab is looking for new partners in China. BAIC General Manager Wang Dazong reveals that his company hopes to form an alliance with Saab just like Renault-Nissan.

Source: www.nbd.com.cn (September 23, 2009

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Fiat Group’s President, Sergio Marchionne To Present Plan Of Large European Car Company With Chrysler, GM Europe

Posted on 03. May, 2009 by .

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The Financial Times Reports that Fiat is planning on presenting a plan to create a large european car company with Chrysler and General Motors Europe to transform the automotive landscape.

It finally looks like what I heard about a long time ago, may be going through with Fiat & General Motors Europe’s new group.

The question at this time is, what does that mean for Saab Automobile as well given that they are still currently part of General Motors Europe?

Here are some excerpts from the column.

Sergio Marchionne, Fiat chief executive, is on Monday due to outline plans to transform the global automotive landscape by spinning off Fiat’s core cars division, joining it with Chrysler and General Motors Europe, and creating a new publicly traded European car company.

Mr Marchionne wants Italy’s largest industrial group to separate Fiat Auto from its other divisions, join them with Opel / Vauxhall, Saab, and GM’s other European operations, and Fiat’s stake in Chrysler to create a company with about €80bn ($106bn) of revenues and sales of 6m-7m vehicles a year – second to Toyota, more than Renault / Nissan or Ford Motor, or GM itself, and roughly as many as Volkswagen.

Mr Marchionne had spoken of spinning off Fiat Auto from the group’s Iveco trucks, CNH farm and construction equipment, and Ferrari / Maserati luxury divisions as long ago as 2004.

In an interview with the Financial Times, Mr Marchionne said: “From an engineering and industrial point of view, this is a marriage made in heaven”.

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European Investment Bank Raises Demands For Saab Loan

Posted on 12. Mar, 2009 by .

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Apparently the European Investment Bank Raises Demands For Saab Loan citing the fact that no new buyer has come in to ensure loans, which the Swedish Government also requires for loans to be guaranteed.

It should be noted that Volvo has recently received an EIB loan, as had other automobile manufacturers because their current owners actually supported their company, unlike GM as both the EIB and the Swedish Government cite.

Like I’ve said before and I will say again, Saab Automobile AB needs an owner before March 31st, 2009 because GM may just file for bankruptcy then, so it’s better to be on the safe side.

Some in Trollhattan, believe that if the EIB loans were available earlier, the recent round of layoffs would not have occured. However, Saab Automobile AB say that it was the downturn in production demand that has triggered these layoffs during their reconstruction phase.

Here is this recent report from TTELA.

EIB makes higher demands on Saab

Stockholm PV Volvo, Scania and Volvo Trucks may borrow from the European Investment Bank (EIB) after a decision by the Bank’s board today.
At Saab stricter requirements and the application is not treated.

Saab has not been addressed. The EIB has made demands for state guarantees and a clearer ownership situation than Saab has since GM wanted to hijack the faith of the company.

In addition to the three Swedish vehicle manufacturers were BMW, Daimler, Fiat, PSA Peugeot-Citroen and Renault EIB loans granted on Thursday.

Applications for the EIB loan of additional 2.8 billion will be treated in a board meeting in April and May, the Bank writes in a press release.

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The Parties Not Interest In Acquiring Saab Automobile

Posted on 24. Feb, 2009 by .

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As you may know, I did some homework over the last few months to explore which automotive companies would be interested in acquiring Saab Automobile.

These companies were rumored to be interested, however after contacting them, all of them said they were not interested including Saab’s former partner, SAAB AB as well as the Swedish Government as we have learned.

Scroll through this long list to find out who they are if you missed these posts over the past few months:

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Swedish Government

“We are not interested in Owning Saab Automobile AB”

Maud Olofsson, Industry Minister
Regeringen Skansliet
Stockholm, Sverige


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SAAB AB

Dear Ryan,

Thank you for your e-mail. As car manufacturing is not in line with our key business, we don’t have any such plans today. But we do hope that Saab Automobile will come to a good solution in a near future.

Best regards,
Linn

…………………………………………………….
Linn Lichtermann
Saab Press Centre
Saab AB

Visiting address: Kungsbron 1
P.O.B. 703 63
SE-107 24 Stockholm
Sweden

[…]

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PSA Peugeot Citroen Is Not Merging With Fiat Nor Saab

Posted on 05. Jan, 2009 by .

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According to Sweden’s Expression Magazine,World car Fans, and Automotive News Europe, Fiat is planning on merging with PSA Peugeot & Citroen to be the 4th largest automotive company in the world alongside Renault-Nissan, behind Toyota, GM & Ford.

So why does this matter for Saab Automobile? Well, historically, FIAT was originally going to be Saab’s owner in December of 1989 before GM came in and took control of the discussions to become the new owner.

Fast forward to the future, Saab Automobile is looking for a new buyer and GM is giving them just under three months to complete this process. We were hoping that since FIAT has been looking for an automotive company partner, many were hopeful that that would be Saab Automobile. That partner is not Saab, but PSA Peugeot & Citroen

What does this mean that Saab Automobile? Do we check FIAT and PSA off the list, leaving just BMW as the remaining possibility, since TATA Motors has provided an official announcement stating they are not interested in acquiring Saab? Before we jump to these conclusions, I have sent a note to my contacts at FIAT & PSA to confirm this story and to ask again about their prospects with Saab Automobile as well, so we’ll see what they have to say, then we’ll go from there.

Update: Here are the official responses from both sides of PSA (Peugeot & Citroen) as well as Fiat shown with their permission, indicating that there is no merger with Fiat Nor with Saab taking place at all from both sides of the company:

Dear Mr Emge,

Following your email, I confirm you that PSA Peugeot Citroën has no current plan concerning any merger. The Group is focused on day-to-day business, facing in particular such important challenges as reducing inventories and keeping a solid financial situation.

Yours sincerely,

Laurent CICOLELLA
PSA Peugeot Citroën
Corporate Communications


Dear Sir,
Even if we have a long time comitment with Fiat Group on LCVs, we have no intention of merging with Fiat… or with Saab !
We are focusing on developping our two brands (Peugeot and Citroën) and adapting ourselves to leave the crisis stronger than we enter it.

Regards

Jean-Marc SARRET
PSA Peugeot Citroën
Direction de la communication

Dear Ryan,
It’s our Company’s policy not to comment rumors and speculations.
Once again, thank you for your interest in Fiat Group’s activities.
Best regards.

Gualberto Ranieri
VP, Comm’s, Int’l, FIAT GROUP
250 v. Nizza – 10126 Torino, Italy

In the meantime, here is the story from Sweden’s Expression, loosely translated:

Earlier, it has speculated that Fiat, Opel and Saab will make common cause on General Motors forced to sell both its European brands.

But this weekend revealed a business newspaper based in Milan that the Fiat looking future partners elsewhere.
Need strong partner

Fiat boss Sergio Marchionne said already last week that he believes in a major restructuring of the automobile and that in the future will be only a total of six manufacturers. Marchionne sa också att Fiat behöver en stark partner för att överleva lågkonjunkturen Marchionne also said that Fiat needs a strong partner to survive the recession

Large Group

According to Milano Finanza, Italy’s president Silvio Berlusconi had discussions with French President Nicolas Sarkozy. Together, Fiat / Peugeot / Citroen to become the world’s fourth-largest producer after Toyota, General Motors and Ford but ahead of Volkswagen and Renault / Nissan. On Wednesday hits Fiat’s largest shareholders, John Elkan in the company IFI, Berlusconi and under the financial magazine, a future major automotive be high on the day the order. Can Fiat together with Peugeot / Citroen leave Saab and Opel, but a major European partner.

Source: Expression

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Saab Automobile AB President Says Saab Has Potential Buyers

Posted on 03. Dec, 2008 by .

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According to the local, Saab Automobile AB President, Jan-Ã…ke Jonsson says that Saab has potential buyers such as German BMW, France’s Renault and India’s Tata motors are all reportedly potential buyers as quoted here:

“There are many interested parties. I don’t want to mention any specific names but there are many (interested) companies that work with development and support car production, both in Europe and outside of Europe,” Jan-Ã…ke Jonsson told Sveriges Radio.

“There are many different alternatives and I don’t want to go into specifics but it’s obvious the discussions we have had so far have been with companies within the automobile industry,” he added.

Well the people have spoken and their voice has been heard, here’s hoping Saab Automobile’s new owner actually looks at what they can do to invest in Saab, the payoff will come “after” the investment, so the company will need to think long-term in terms of profits, not short term like GM has done with Saab.

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