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GENERAL MOTORS AND SPYKER CARS REACH AGREEMENT ON SAAB

Posted on 26. Jan, 2010 by .

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News Release
spykerheader

• GM and Spyker Cars announce a binding agreement over the transfer of ownership
of Saab
• Terms are agreed and the deal is expected to close in February
• Saab’s future as an independent company is secured
• Saab will exit the orderly wind-down process
• Spyker shareholders will restructure at closure of the deal
• Swedish Government issues guarantee in favour of EIB

ZEEWOLDE, The Netherlands (26 January, 2010) – General Motors Company and Spyker Cars N.V, today confirmed the details of a binding agreement over the transfer of ownership of Saab Automobile AB of Trollhättan, Sweden. The transaction is expected to close in February and Saab Automobile will exit the orderly wind down process in line with that timetable.

The transaction will be accomplished as follows:

• Spyker acquires from Saab Automobile Investering AB, a subsidiary of General Motors (“GM”), all the issued and outstanding ordinary shares in the capital of Saab Automobile A.B. (“Saab”) for a consideration of USD 74 million (“Purchase Price”).

• The Purchase Price will be paid in two instalments. The first instalment of USD 50 million will be paid on the date of completion of the transaction, expected to take place on or before February 15, 2010 (“the Closing”). The second instalment of USD 24 million will be paid on July 15, 2010.

• The Share Purchase Agreement is subject to the execution of a EUR 400 million loan agreement between Saab and the European Investment Bank (“EIB”), guaranteed by the
Swedish Government. Today, the Swedish government announced approval of this guarantee. The guarantee is subject to approval by the European Commission, which is expected shortly.

• Upon completion of the transaction GM will retain redeemable preference shares of USD 326 million. The preference shares represent less than 1% of the voting rights in the capital of Saab. The mandatory redemption date is 31 December 2016 and Saab has the right to request voluntary redemption at any time prior to this date. The preference shares carry a dividend entitlement of 6% starting from January 2012, increasing to 12% as from July 1, 2014. The dividend over 2012 will be added to the principal, but as from January 1, 2013 the dividend is payable in cash. Should Saab have insufficient distributable reserves to pay the cash dividend it will be added to principal increased with a penalty factor.

• In order to allow Saab to operate on a stand-alone basis outside GM, Saab and GM will enter into a number of ancillary agreements. As part of the transaction, Spyker intends to negotiate the acquisition of all the outstanding shares in Saab Great Britain Limited, the UK distribution, marketing and sales company for Saab from General Motors UK Limited.

• Spyker will issue a corporate guarantee not exceeding USD 10 million for Saab’s obligations to and for the benefit of the financing company GMAC.

• Spyker will as soon as practically possible convene a general meeting of shareholders to approve the transaction. Spyker obtained irrevocable voting undertakings to vote in favour of the transaction representing the voting majority of its current shareholders.

• It is the intention to change the name of Spyker Cars N.V. at that general meeting of shareholders to Saab Spyker Automobiles N.V.

• As back-up financing, Spyker entered into a EUR 150 million Equity Credit Line Facility with GEM Global Yield Fund Limited (“GEM”) for a term of 3 years. According to this facility, Spyker may issue shares to GEM at 90 per cent of the volume weighted average price of the shares over a period of 15 trading days following a draw down notice sent to GEM by Spyker. In relation to the GEM facility, Spyker has issued to GEM share warrants in respect of 1,570,000 ordinary shares at an exercise price of EUR 4 per ordinary share. The warrants have a 5 year
term.

The object of acquisition
• In spite of media reports that certain parts have already been sold off, the object is Saab as a complete entity and going concern with all IP rights, trademarks, facilities and other infrastructures. The sale of pre 2003 Saab 9-3 and current Saab 9-5 technology to BAIC in December 2009 did not result in any part of Saab’s business being divested or devalued. On the contrary, Saab has already started the production of the new generation Saab 9-5 in Trollhättan.

• Both Saab management and Saab GB management prepared an estimated balance sheet as at 31 December 2009 for the purpose of this transaction. These estimated balance sheets are
still subject to final account closing and audit procedures.

• Spyker Cars does not yet have a balance sheet as at 31 December 2009 ready for reporting purposes. As such, it would be premature to show a pro-forma combined balance sheet for
Spyker, Saab and Saab GB as at 31 December 2009.

• Therefore Spyker only disclose an indicative combined balance sheet of Saab and Saab GB as at Closing date based on the estimated balance sheets for both entities as at 31 December
2009, adjusted for the impact of the transaction items as at Closing date.

• It should be noted that the indicative closing balance sheet is based on the latest estimated balance sheets of both entities by Saab and Saab GB management which are subject to final closing and audit procedures and therefore subject to change, and does not reflect any potential fair value or purchase price allocation adjustments. The indicative closing balance sheet should therefore not be considered as the actual closing balance sheet, but only as an indication for the assets and liabilities to be acquired at closing date.

stats

Saab’s and Saab GB’s combined revenue amounted to some EUR 1.0 billion in 2009 (2008:
EUR 1.6 billion). Earnings before interest, taxes and depreciation amounted to EUR 0.4 billion
negative in 2009 (2008: EUR 0.3 billion negative). In 2009 Saab sold 39.903 cars and
produced 20.791 cars versus selling 94.751 cars in 2008 and producing 89.086 cars.

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RESTRUCTURING AND MANAGEMENT BUY-OUT

As from Closing of the Saab acquisition, the ownership structure of Spyker will change as follows:

• Tenaci Capital B.V. (“Tenaci”), a company wholly owned by Mr. V.R. Muller has made a successful bid on Mr. V. Antonov’s current shareholding in Spyker consisting of 4.6 million ordinary shares. As agreed in 2007, when Mr V. Antonov acquired his shares in Spyker, Mr. V. Antonov will cause the transfer of the priority share to Spyker if and when he would dispose of his shareholding. A resolution to cancel the priority share will be proposed at the upcoming EGM.

• Messrs. N. Stancikas, M. Bondars and Mr. V. Antonov will retire as members of Spyker’s Supervisory Board effective as per the date of Closing.

• Tenaci will grant to Spyker two loans. One for an amount of USD 25 million towards payment of part of the Purchase Price for Saab upon completion of the transaction. A second loan for an amount of EUR 57 million for repayment of all of Spyker’s current outstanding loans to banks and other financial institutions controlled directly, or indirectly by Mr. V. Antonov. This loan mirrors the existing terms (including the lender’s right to convert EUR 9.5 million into ordinary shares at a conversion price of EUR 4.00 per share).

• The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale are not being disclosed at this time. Victor R. Muller, Spyker’s CEO, stated: “We are very much looking forward to being part of the next chapter in Saab’s illustrious history. Saab is an iconic brand that we are honoured to shepherd. We are delighted to have secured the jobs and livelihoods of thousands of loyal Saab employees, suppliers and dealers and to have given reassurance to the 1.5 million Saab drivers and enthusiasts around the world. It was breathtaking to see so much support from the global Saab community over the last months which not only shows the strength of the brand but also helped us in our relentless determination to get the deal done.”

“Spyker Cars will provide Saab with the backing required to compete as a competitive global brand along with an entrepreneurial leadership team sensitive to the uniqueness, heritage and individuality of the Saab brand. I would like to extend my sincere gratitude to Vladimir Antonov for his formidable support during the past two years. His contribution has allowed Spyker to get to the point that this
transaction was made possible. I also want to extend my gratitude to Messrs. Stancikas and Bondars as Members of the Supervisory Board. They have made very valuable contributions to our company
during their respective terms.”

“Finally I would like to thank the Swedish Government for its constant support for our efforts culminating in granting the Guarantee in favour of the European Investment Bank today for an EUR
400 Million loan to Saab which we hope to secure in the coming weeks.”

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Jan Åke Jonsson, CEO of Saab Automobile AB said: “It has been a challenging 15 months for Saab but our global organization has shown a fighting spirit that will serve us well going forward. The
agreement with Spyker Cars has secured Saab’s future and will enable us to maximize the brand’s potential through an exciting new product line-up with a distinctly Saab character.”

“Today’s news is great for Saab’s customers, dealers, suppliers and employees around the globe. The level of passion and support shown to Saab over recent months has been remarkable and I would like
to take this opportunity to thank all of those people who continued to believe that Saab deserved a future. Now we aim to get back to the execution of our business plan and with the continued support
of our employees and business partners I am confident we will succeed.”

Nick Reilly, President GM Europe, added: “As a responsible corporate citizen in Europe, and throughout the entire period, GM has always had the hope to find a positive solution for Saab that
would avoid a wind-down of the brand. We have worked very hard with many parties, including governments and investors, and I’m very pleased that we could come to such a positive conclusion
that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker Cars on their way forward.”

-Ends-

Note for the media, not for publication
For further media information, please contact:

Saab Automobile Press Office
Tel: +46 (0)520 279797

Spyker Cars Europe, PFPR Communications:
Mike Stainton
T: +44 (0) 1622 77 66 87
M: +44 (0) 7739 891 040
E: mike.stainton@pfpr.com

Tom Housley
T: +44 (0) 1622 766510
M: +44 (0) 7746 646 356
E: thomas.housley@pfpr.com

Peter Rawlinson
T: +44 (0) 1622 691 361
M: +44 (0) 7971 472 715
E: peter.rawlinson@pfpr.com

Spyker Cars North America, PCG Campbell:
Shane Smith
T: +1 310 224 4965
M: +1 310 224 4965
E: ssmith@pcgcampbell.com

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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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Saab History Seeks Sponsor To Cover Saab 9-5 Global Launch In Frankfurt, Germany – September 15th, 2009

Posted on 20. Aug, 2009 by .

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Photo Credit: Saab Automobile AB

Saab History is seeking a Saab dealership to sponsor the cost of travel and lodging for Saab History to cover the global debut of the 2010 Saab 9-5 Launch that will be taking place at Frankfurt, Germany on September 15th, two weeks from today.

The sponsor, will not only get heavy advertising here on Saab History, they will also get high definition digital videos on the web and in DVD format in the mail, that will help promote their efforts to be the first dealership in the world to get their own coverage of this monumental launch for the newly independent Saab Automobile.

It’s one thing to see the press photos that we’ll see 7 days from now, but it’s a completely different story to see the car in person as brought to you through high definition video and non-press release realistic photography from Saab History.

If you are interested in such an arrangement, please contact me directly with the words “2010 Saab 9-5 Frankfurt” in the subject area so we can work out the details.

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.

I believe, that much like the previous event, 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:

I am hoping that with a sponsor, I can 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 17th, 2009
Sponsor: (TO BE DETERMINED)

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.

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

Sincerely,

Ryan / Saab History

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Robert J. Sinclair, A SlideShow Of Memories (1932-2009)

Posted on 30. Jun, 2009 by .

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Saab History has just received a very nice slideshow representing the memories and accomplishments of former President Of Saab-Scania Of America, Bob Sinclair.

Robert J. Sinclair, former CEO of SAAB in North America and beloved father, husband, and friend, passed away peacefully on May 10, 2009. He was a gifted pianist, raced sports cars, offshore powerboats and his beloved Volvo Burro dunebuggy, and had a lifelong passion for fine automobiles, motorcycles, classical music and native american fishes which he avidly studied and collected for his aquaria. His good friend John Stein assembled this slide show of snapshots from his life, which was played at a celebration of Bob’s life on June 20th 2009 near his home in Santa Barbara, CA.

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Swedish Government’s Enterprise Minister, Jöran Hagglund Says Saab Has 3 To 5 Serious Bidders

Posted on 02. Apr, 2009 by .

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Dow Jones Swedish Correspondent, Ola Kinnander, indicates in a dialogue with Jöran Hagglund, (the Swedish Government’s State Secretary who is fighting for Saab Automobile’s success) that Saab Automobile has 3-5 serious bidders.

What is interesting about this is that back in December we heard that there were 3 bidders from Jan-Ake Jonsson, then later we heard about 5, then recently 6-8 and then from the union IF Metall, 10!

I am beginning to be less interested in the number of bidders and more interested in who they are already.

Here is the piece below from tMr Kinnander of Wall Street Journal:

Sweden Government Official: 3 To 5 Serious Bidders for GM’s Saab / Dow Jones

By Ola Kinnander ? April 1, 2009

STOCKHOLM – Saab Automobile AB, which owner General Motors Corp. is trying to sell, appears to have attracted between three and five serious bidders,
but its chances of survival remain uncertain, a senior Swedish government official told Dow Jones Newswires Wednesday.

He also said the Swedish and German governments have discussed the possibility of merging Saab and Opel, another troubled GM unit, but
decided such a deal wasn’t feasible.

Saab in recent weeks has said that about eight parties have expressed interest in potentially taking over the Swedish car maker.
Joran Hagglund, a state secretary in the Swedish Enterprise Ministry who is the government’s main liaison with the auto industry, said in an
interview that he suspects some rival car makers may signal interest in Saab simply to gain access to its books and research and development plans.

The picture may clear up in a couple of weeks, and then it may show that “between three and five” parties are seriously considering investing in Saab, he said. However, Hagglund doubted whether this interest would be enough to save Saab once GM cuts its ties. “It would be very nice” if Saab could survive, he said. “But the signs point the other way. The auto industry is in free fall. There may be no strong buyers.”

Potential buyers likely can soon choose between several car companies in crisis. “The question then is, does Saab’s concept fit into an interested party’s ideas? I can’t answer that, other than to say that it looks grim,” he said.

Saab in February filed for bankruptcy protection, similar to the Chapter 11 process in the U.S. Saab on Monday will meet with the reconstruction team and representatives of GM and Sweden in a Swedish court to decide whether the reconstruction period, which is set to expire next month, will be extended.

Hagglund said that since GM had paid almost all of the debt owed to Saab’s suppliers, he expected the court to approve Saab’s request for an extension for up to three months more.

He also said he thought it was unlikely that Saab and Opel, GM’s struggling German unit, would team up. The Swedish and German governments have discussed that possibility but “have pretty much concluded that … it’d be pretty difficult to find an owner who wants to go in and own both of these loss-making companies.”

Hagglund reiterated the Swedish government’s stance that it wasn’t interested in owning any auto companies.

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Swedish Government’s Mona Sahlin Expresses Support For Saab Automobile AB

Posted on 20. Mar, 2009 by .

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Photo Credit : TTELA Dragan Mitrovica

The Swedish Government’s leader of the Social Democratic party Mona Sahlin, our friend and support of Saab Automobile who rallied in the streets of Trollhattan back in February, is rallying again for the success of the company.

This continues to show that the Swedish Government is still split on supporting Saab Automobile until a new buyer comes along.

Here is the piece below from TTELA.

Saab
Published March 19, 2009 Updated March 19, 2009

Mona Sahlin is consistent with Trollhättans commissioner Gert-Inge Andersson (S) – Swedish automotive industry has a future and Saab is an important part of it. In addition to the visit at car plant did Sahlin to meet trade union and political representatives and to see the stadium construction in Vänersborg.

Mona Sahlin will give Saab a chance

TROLLHÄTTAN / VÄNERSBORG once was Mona Sahlin on the ground in the crisis, Trollhättan and once again was the message:

– Give Saab a chance.

The opposition leader believes in the car industry’s future and recommend measures in the form of loan guarantees and scrapping premium.

The day began with a visit to the Arena Vänersborg.

– Very Exciting, great and otherwise, was the verdict from Mona Sahlin.

She looked forward to coming back and look at bandy at a later date.

But it was not building an arena that was the main reason for opposition leaders Sahlins visit in Trollhättan and Vänersborg. The afternoon she declined to even visit Saab and talks with both unions and CEO Jan-Åke Jonsson.

Criticism of Government and Enterprise Minister Maud Olofsson’s handling of the situation persists.

– If I had been responsible, I had said I think that Saab has a future. Europe needs to buy more cars.

Mona Sahlin, the return that she believes in the business plan. And that the State should provide loan guarantees and the introduction of a scrapping premium to help Saab to survive until they found a long-term owner.

– If Saab is lost, it costs taxpayers a lot more than to give Saab a chance.

Swedish car industry’s future lies as Mona Sahlin in the development of cars in the fuel-efficient, environmentally-friendly segment. And the fight is about so much more than just jobs in the car. Pins Sweden automotive industry disappears skills could fertilize other industries.

At Volvo, the union accepted the reduced working hours with reduced pay in the fight for jobs. Mona Sahlin did not want to take away from that method.
– State evade responsibility, while the union is fighting for. It occurs in the absence of a strong a-cash. I read not metal for this, I read the government.

Yesterday’s visit coincided with the publication of a survey done by Synovate. The show declining confidence in the leader, but said to take the figures.
– There are polling numbers, and there are real numbers.

With real figures were she, for example, the unemployment statistics.
– The government has options to show that you can manage the job crisis while also having the voters’ confidence.

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Saab Automobile AB President Says To Succeed, Saab Needs To Be Separated From GM

Posted on 13. Jan, 2009 by .

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Sweden’s AM&S Interviews Saab Automobile AB President, Jan-Ã…ke Jonsson at the NAIAS that began this Sunday.

It appears that Jan-Ã…ke Jonsson states that Saab Automobile needs to become a separate unit from General Motors altogether in order for it to succeed. This is great to hear!

For the rest of the interview read below:

jaj.jpg

auto motor & sport,

ams: Bob Lutz told me that General Motors can not support Saab longer?

Jan-Ã…ke Jonsson, JÃ…J:Saab is an integral part of GM and many of the projects under way in the GM, we are a part of. The cost of many projects would be increased for GM on Saab was with. Builded not Saab 9-4X is the other cars at the factory in Mexico more expensive. But Saab has to become a separate unit in the talks between GM and Saab, the Swedish government and GM is really good. ”

ams: Does this mean Saab will grow in Sweden, to become more self-sufficient, to clear himself?

JÃ…J: “The talks are constructive and I think it can be very good for Saab to come. We will be more independent.”

ams: When will something happen?

JÃ…J: “GM must present a plan for U.S. Congress in the first quarter of this year. As such, Saab’s new role to be clear.”

ams: What is this?

JÃ…J: “Everything we do for GM in terms of development work and so on, we’ll charge GM. And all the help we get from GM and everything we buy from GM, we will pay for. Saab becomes an independent unit with its own economy. We will write contracts for all these things. In this way, it’s easier to show off Saab’s real results. ”

ams: The future?

JÃ…J: “We have a good business plan with many new models in the pipeline.”

ams: What future scenarios are there? Continue in GM, continue yourself, be bought by another company?

JÃ…J: “Yes.”

ams: What do you think about this year’s Detroit Motor Show?

JÃ…J: “It has been very little talk about the cars and just business. The big challenge is to get customers.”

ams: But you do not have new cars here?

JÃ…J: “Oh, yes, Saab 9-5 Griffin is new here in the U.S.. And it is not a concept car, it is available to buy.

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General Motors Europe To Create New Auto Group In Collaboration With FIAT in Turin, Italy?

Posted on 07. Jan, 2009 by .

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This process of Saab Automobile looking for a new owner, is getting kind of interesting now, given that all three of the possible candidates indicated have said they are not interested in Saab Automobile including speculation on Porsche as well, which turned up to be just a rumor.

However, let’s not forget that it has been Fiat that have continuously indicated in their dialog here at Saab History, that they are not in a position to comment about their status even though they have also said that they are not interested in acquiring Saab Automobile.

What’s new to this developing story for Saab is that, a late breaking article has shown up on Sweden’s expression, which appears to indicate some talk between Saab Automobile’s Jan-Ã…ke Jonsson and General Motors Europe’s chairman, Carl-Peter Forster, about forming some new group.

This new group will quite possibly be between General Motors Europe and FIAT and will be located in Turin, Italy.

Turin Italy, if you may or may not know is where one of GM’s design studios are located. It was at this studio, where the Saab 9-4x BioPower Concept car was put together as illustrated on a promotional video filmed there. The Saab 9-4x BioPower concept was shown back in January of 2008 at the North American International Auto Show in Detroit, Michigan.

Here is a translation of the high points of the article thanks to Sweden’s Jan Ollsson.

Carl-Peter Forster

GM’s Europan president has been unusually withdrawn in recent weeks. The first time I listened to Forster, I was convinced that he wanted to bully Saab to show off his own dear Opel. But when the E85-liquor was served Forster’s liking of Saab suddenly increased. Forster has not chosen siden yet – probably because he does not want to be seen make to much noise. If he is forced to leave Wagoners side much speaks for Forster joining Saab’s Jan-Ã…ke Jonsson and take a flight to Turin to piece together a new group together with Fiat.

Jan-Ã…ke Jonsson

Saab’s chief executive has worked hard since GM announced the company on “Blocket, online ad service” Jan-Ã…ke have fought hard to maintain Saab’s position in the car market. He has managed so so… with a practically impossible task. Jan-Ã…ke Jonsson is sticking his chin out and try to defend himslef which he should have credit for. Playing dirty is not Jan-Ã…kes style which should not be interpreted to mean that he can withstand any amount at any time. Whatever happens, I hope that Jan-Ã…ke Jonsson will come unscrathed from the fight and that Saab survives.

At this point, I almost think it’s pointless to send e-mails to both General Motors Europe and again Fiat because what will they really tell the public about a “possible” development?

Here’s hoping an insider contacts Saab History to provide some more details about anything that’s going on, so we know where Saab Automobile stands moving forward.

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Production Concept