News on Saab AB

Saab to locate North American HQ in Royal Oak

2010-03-16T13:30:08Z

<div id="subtitle">Saab locating North American headquarters with about 60 jobs in Detroit suburb of Royal Oak</div><div><p>Now that General Motors Co. has sold its Saab brand to a Dutch carmaker, the employees who market the brand ar...

SAAB - Going Extinct, Does it Really Matter to Any of Us?

2010-03-15T14:24:24Z

Ever heard of the brand SAAB? I suppose you have. Ever seen the actual car recently? I suppose you haven?t. Neither have I. But what we do know of Saab is that GM owns the brand and due to the recent global economic crisis, GM needs to unload its under-performing brands from its stable and like its other Swedish counterpart BAE Systems sells 10 percent stake in Swedish defense company Saab AB for $149 million</div><div><p>Defense contractor BAE Systems PLC said Friday it has sold a 10.25 percent stake in Swedish defense company Saab AB for 1.066 billion kronor ($149 million) as part of an ongoing divestment process.</p><p>BAE said the sale to holding comp...

Saab left with just 500 cars on sale in US

2010-03-02T08:00:37Z

<div id="subtitle">Saab's near-death experience left just 500 cars on sale in US as it revs up production</div><div><p>Saab's near-death experience has left it with just 500 cars for sale in showrooms across the United States, a figure the company wants to boost in coming years, CEO Jan Ake Jonsson said Tuesd...

Spyker finalises purchase of Saab from GM

2010-02-23T12:16:16Z

<div><p>After months of negotiations and setbacks that left Saab's fate in limbo, Dutch sportscar maker Spyker said Tuesday it had finalised the purchase of the iconic Swedish brand from General Motors.</p><p>Spyker's CEO Victor Muller told reporters in Saab from General Motors.</p><p>"The transfer of ownership took place at 4:30 pm on February 23," Spyker said in a statement.</p><p>Saab Automobile and Spyker Cars would oper...

Spyker: Saab deal is done

2010-02-23T09:15:35Z

<div id="subtitle">Spyker: Deal buying Saab from General Motors has closed</div><div><p>Dutch company Spyker Cars NV said Tuesday it has completed its $74 million purchase of loss-making Swedish carmaker Saab Automobile AB from General Motors Inc.</p><p>Spyker company says ...

Ousted Russian investor wants to help finance Saab

2010-02-20T10:16:00Z

<div><p>Russian billionaire Vladimir Antonov, forced out of Dutch carmaker Spyker before it bought Saab from General Motors, said in comments published Saturday that he wants to help finance the new company.</p><p>"There is unfortunately widespread economic crime in Saab earns $43 million Q4 profit; outlook is cautious</div><div><p>Swedish aerospace and defense group Saab on Friday reported a fourth-quarter net profit of 313 million kronor ($43 million), helped by lower costs. The profit reversed losses from the same quarter last year, when earnings were heavily weighed down by one-time charges.</p>&a...

Spyker: Saab will be profitable by 2012

2010-02-22T12:44:26Z

<div id="subtitle">Spyker says it will produce 3 Saab lines, forecasts profit by 2012</div><div><p>Spyker Cars NV, the new owner of Saab, plans to produce three Saab lines and return the troubled Swedish carmaker to profitability by 2012.</p><p>"Saab will continue to be repositioned against other brands such ...

GM's plan to sell Hummer to Chinese co. delayed

2010-02-22T12:58:55Z

<div id="subtitle">GM's Hummer sale to Chinese heavy equipment maker delayed 1 month by China regulatory process</div><div><p>General Motors' plan to sell the hulking, once-hot Hummer line to a Chinese heavy equipment maker has been delayed by a month, officials said Monday.</p><p>General ...

Saab gets reprieve as GM seals sale to Spyker

2010-02-22T14:19:33Z

<div><p>General Motors announced a "binding agreement" to sell its Saab division to Dutch luxury sports car maker Spyker, giving an 11th-hour reprieve to the storied Swedish brand.</p><p>As part of the agreement, Spyker will form a new company, Saab Spyker A...

Tiny Spyker snaps up GM's Saab for $400 million

2010-02-22T16:04:32Z

<div><p>STOCKHOLM/DETROIT (Reuters) - Tiny Dutch auto group Spyker &lt;SPYKR.AS&gt; clinched a last-minute deal on Tuesday to buy Sweden's Saab from Saab in Montpelier, Vt., Tuesday, Jan. 26, 2010. Saab got a new life Tuesday as General Motors Co. agreed to sell the Swedish car brand to the small Dutch luxury carmaker Spyker Cars NV. Under the deal, GM will get $74 million in ...

SWEDEN SAAB

2010-01-26T18:01:06Z

Saab automobile worker's trade union chairman Paul Akerlund makes jubilant gesture in front of media, standing before the main gate to Saab automobile plant in Trollhattan, Sweden, Tuesday Jan. 26, 2010. U.S. car manufacturer G.M. had just ...

GM to sell Saab to Dutch carmaker Spyker for $74M

2010-02-22T15:19:32Z

<div id="subtitle">General Motors says it has agreed to sell Saab to Dutch carmaker Spyker</div><div><p>A small Dutch automaker will try to do what U.S. auto giant General Motors Co. couldn't — make money by selling Saab brand automobiles in an increasingl...

SWEDEN SAAB SPYKER

2010-01-26T14:45:49Z

Victor Muller, left, Chairman of Spyker Cars shake hands with Saab Automobile CEO Jan-Ake Jonsson, standing in between a Saab and a Spyker car outside Cafe Opera in Stockholm, Sweden, after a press conference about Spyker's acquisition of S...

How Spyker Cars is paying for GM's Saab brand

2010-02-22T14:31:22Z

<div id="subtitle">How Spyker Cars is paying for GM's Saab brand</div><div><p>General Motors Co. on Tuesday said it reached an agreement to sell the Swedish car brand Saab to the Dutch sports car manufacturer Spyker Cars NV.</p><p&am...

FILE: GM Reaches Deal to Sell Saab To Spyker

2010-01-26T13:31:28Z

PASADENA, CA - JUNE 16: Used Cadillacs are sold near Saab signage at the Symes auto dealership lot, after it was announced that General Motors is selling Saab, on June 16, 2009 in Pasadena California. It was announced that General Motors Co. will sell its Saab division to Dutch sports car maker

GM clinches last-minute deal to sell Saab to Spyker

2010-02-22T14:35:39Z

<div><p>General Motors on Tuesday announced a "binding agreement" to sell its Saab division to Dutch luxury sports car maker Spyker, in an 11th-hour deal saving the storied Swedish brand.</p><p>As part of the agreement, Spyker will form a new company, Saab S...