Car Advice

Saab

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...

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 t...

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 re...

Investors from India, Turkey could still save Saab

Investors from India and Turkey have emerged as the latest potential saviours of bankrupt Swedish car maker Saab. India’s largest SUV manufacturer Mahindra & Mahindra is reportedly interested in purchasing parts – and potentially all ...

Holden will not follow GM Saab-warranty gesture

Holden will not follow parent company General Motors' gesture to cover warranties for Saab models purchased before the Swedish brand was sold in February 2010. Earlier this week CarAdvice revealed Saab Cars Australia would not honour the new-c...

Warranties will not be honoured: Saab Cars Australia

Warranties held by Australian Saab customers are no longer valid after the Swedish car maker filed for bankruptcy overnight. Saab Cars Australia, the company's local subsidiary, confirmed today that the warranties of more than 800 recent Austr...

Saab on brink of extinction after bankruptcy filing

Swedish car maker Saab has filed for bankruptcy, setting up an end to its protracted struggle for survival. The Swedish brand's parent company, Swedish Automobile N.V (Swant), announced the move yesterday on the same day a Swedish court was du...

Saab D-day countdown: new administrator named

The farcical Saab saga has taken another twist days before a crucial court ruling on its future after the brand was snubbed by its choice of new administrator. Saab has been forced to select Lars Soderqvist of law firm Hokerbert & Soderqvi...

Saab receives $4.4 million ahead of Friday court ruling

Embattled Swedish car maker Saab has received its first payment from a Chinese investor just days out from a court hearing that will decide the company’s future. Victor Muller, CEO of Saab’s owner Swedish Automobile, told Reuters that Zhej...