Investors spend $4 million to save Saab Museum
The prayers of Saab lovers have been answered, with a group of investors joining forces to save the historic collection of cars at the Saab Museum.
Last week, we reported the vehicles in Trollhattan, Sweden, were set to go under the hammer as the fallen brand’s receivers looked for ways to recover quick money.
Saab enthusiasts feared th...
Turkish equity firm could buy Saab: report
Even though Saab Automobile is bankrupt, Turkish equity firm Brightwell Holdings plans on placing a bid to buy the Swedish car company. Chinese group Zhejiang Youngman is also still showing interest.
Brightwell board member Zamier Ahmed says the company is in talks with the administrators in charge of Saab's bankruptcy, recently telling Aut...
Spyker could die with Swedish Automobile and Saab
Spyker could join Saab on the automotive scrapheap as parent company Swedish Automibile N.V. (Swan) struggles to find a suitable buyer for the Dutch supercar manufacturer.
Swan is currently in negotiations about the sale of Spyker (its only remaining subsidiary), but admits, based on the current situation, the proceeds of the sale would not...
Saab fans fight to protect museum cars from receiver's auction
Saab fans are fighting to preserve the largest collection of the Swedish brand’s production and concept cars after the bankrupt company’s receivers put the contents of the Saab Museum up for auction.
Approximately 120 vehicles housed at the museum at Saab’s headquarters in Trollhattan – including the first car the company ever made,...