SAAB 9-5 gets the Green Light

Saab 9-5 – gets the green light.

Trollhattan is a very cold place in the south of Sweden and is on the same 58 degrees latitude as the southern Alaska border. It’s also the home of Saab and where the all-new Saab 9-5 will be built.

I was one of many people hanging around the Saab [...]

Koenigsegg still on track to buy Saab from GM

Koenigsegg has clarified its position on the purchase of Saab from General Motors this weekend saying it is still on track to finalise the deal by the end of October.

Mr Christian von Koenigsegg, CEO and part owner of the Swedish luxury sports car maker, also said good progress had been made in talks to secure [...]

China’s Beijing Auto to assist Koenigsegg with SAAB purchase

As we reported last week Koenigsegg will not seek additional Swedish government funding in its purchase of SAAB from General Motors, however, according to a report published by Reuters Newsagency today, China’s Beijing Automotive Industry Holdings Company will take a minority stake in Koenigsegg to further assist the group with its purchase.

It’s the second such [...]

Koenigsegg will not seek Swedish Gov’t loan for SAAB – report

A report published by Reuters Newsagency today has said that with Koenigsegg planning to finalise its purchase of SAAB within a few weeks, the group has announced that it will not be asking the Swedish government for any loan beyond that money already guaranteed by the European Investment Bank.

“They have presented us with a plan [...]

Saab 9-5 revealed ahead of Frankfurt

Saab has today released more details of its new 9-5 model flagship ahead of next month’s Frankfurt Motor Show.

The new 9-5 will play an important role in moving the Saab brand forward under its new owners Koenigsegg which plans to complete its purchase of the brand from GM shortly.

GM closes SAAB, Koenigsegg deal – report

Sweden’s Koenigsegg has closed its purchase of Saab from America’s General Motors according to a report from Reuters Newsagency this afternoon.

Although financing arrangements have yet to be finalised, the sale was agreed upon at an unannounced price sources claim to be “very low”.

Investor sells out of Saab rescuer

Following reports that the Swedish Government was investigating claims that there were problems with the investor base of niche sports car maker Koenigsegg, which is planning to take over General Motors subsidiary Saab, Reuters Newsagency says a major investor has sold his share in the company.

North American investor Mark Bishop has sold his 22 per [...]

2011 SAAB 9-5 pics revealed

German magazine Autoblid has this morning leaked images of SAAB’s 2011 9-5 on to the web ahead of its official reveal at this year’s Frankfurt Motor Show (in September).

The redesign shows a roof which flows more smoothly to the rear, making it look almost coupe-like, as well as evident styling cues from the 9-4X BioPower [...]

‘New GM’ exits bankruptcy – prepares for future

Leaner, meaner and a with a whole lot less debt than it had 40 days ago, a new General Motors Company has emerged from Chapter 11 bankruptcy protection in the United States.

GM’s chief executive officer, Fritz Henderson, has described the new company as the “most public private company in the world” a reference to the [...]

2010 Saab 9-5 spy pics

Spy pics of the 2010 Saab 9-5, due late this year or early next, have been released today by website Saab United.

The European influenced 9-5 sedan will make its Motor Show debut later this year in Frankfurt and will be followed a year later by an Estate variant.

GM agrees Saab sale to Koenigsegg

Financially challenged US carmaker General Motors has announced that it has agreed with Koenigsegg Group AB to a Memorandum of Understanding for the purchase of Saab Automobile AB, its loss making Swedish automotive arm.

GM says the deal with the consortium, led by Koenigsegg Automotive AB, will secure Saab’s future.
The sale, expected to close by the [...]

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