Car Advice | News Blog » Saab

SAAB 9-5 gets the Green Light

Anthony Crawford — Mon, 19 Oct 2009 11:48:17 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

SAAB 9-5 gets the Green Light

Koenigsegg still on track to buy Saab from GM

Matt Brogan — Sun, 27 Sep 2009 22:56:00 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Koenigsegg still on track to buy Saab from GM

China’s Beijing Auto to assist Koenigsegg with SAAB purchase

Matt Brogan — Thu, 10 Sep 2009 00:16:58 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

China’s Beijing Auto to assist Koenigsegg with SAAB purchase

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

Matt Brogan — Tue, 08 Sep 2009 00:33:33 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

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

Saab 9-5 revealed ahead of Frankfurt

Matt Brogan — Thu, 27 Aug 2009 21:51:55 +0000

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. “This car is the start of [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Saab 9-5 revealed ahead of Frankfurt

GM closes SAAB, Koenigsegg deal – report

Matt Brogan — Tue, 18 Aug 2009 03:42:51 +0000

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”. “The price tag is non-existent but GM has a deal that grants [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM closes SAAB, Koenigsegg deal – report

Investor sells out of Saab rescuer

David Twomey — Thu, 13 Aug 2009 04:01:15 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Investor sells out of Saab rescuer

2011 SAAB 9-5 pics revealed

Matt Brogan — Wed, 22 Jul 2009 22:55:11 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

2011 SAAB 9-5 pics revealed

‘New GM’ exits bankruptcy – prepares for future

David Twomey — Sat, 11 Jul 2009 01:49:54 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

‘New GM’ exits bankruptcy – prepares for future

2010 Saab 9-5 spy pics

Matt Brogan — Mon, 06 Jul 2009 01:48:39 +0000

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. The design, though undoubtedly Saab, breaks away from the [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

2010 Saab 9-5 spy pics

GM agrees Saab sale to Koenigsegg

David Twomey — Tue, 16 Jun 2009 09:35:09 +0000

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 [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM agrees Saab sale to Koenigsegg

Saab expects sale by Friday

David Twomey — Tue, 16 Jun 2009 02:55:41 +0000

Saab has said it is likely to unveil its new owner this week, and that three quarters of its creditors had agreed to a proposed write-down of the brand’s debt. Saab is not commenting on who its new owner could be but reports say General Motors is close to selling the loss-making brand to Swedish luxury [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Saab expects sale by Friday

Koenigsegg may buy Saab – update

Alborz Fallah — Fri, 12 Jun 2009 01:12:38 +0000

General Motors has today announced that Swedish supercar manufacturer Koenigsegg is the current front runner to buy out GM’s struggling Saab brand. As we reported last week, Koenigsegg has been interested in Saab for some time. We suspect the reason is to have a mass production facility to build its upcoming electric car under the Saab [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Koenigsegg may buy Saab – update

Penske buys Saturn from GM

David Twomey — Sun, 07 Jun 2009 03:34:43 +0000

He’s been a racing driver, is a race team owner who just won the Indy 500 for the 15th time, a highly successful and very wealthy businessman, and now Roger Penske is also the proud owner of the not quite so proud General Motors brand Saturn. General Motors Corporation has reached a preliminary agreement to sell [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Penske buys Saturn from GM

Koenigsegg to buy Saab?

Alborz Fallah — Wed, 03 Jun 2009 16:34:09 +0000

With General Motors having all but finalised the sale of Hummer, Saab is next. Reports from Sweden today suggest the company has narrowed the potential buyers to two, supercar manufacturer Koenigsegg and US financier Ira Rennert (Renco Group). Having recently visited the Koenigsegg factory to film the CCX, as well as interviewing owner Christian Von Koenigsegg, [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Koenigsegg to buy Saab?

GM Holden future secure – Reuss

David Twomey — Tue, 02 Jun 2009 02:30:31 +0000

In a significant move GM Holden, the Australian subsidiary of General Motors, has been quick to assure that the dramatic moves in the United States will not have a direct impact on Australian workers or the Australian car industry. The Chairman and Managing Director of GM Holden, Mark Reuss, told a news conference this morning that [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM Holden future secure – Reuss

Opel future hangs in the balance

David Twomey — Thu, 28 May 2009 08:19:01 +0000

The fate of Opel/Vauxhall, the beleaguered European subsidiary of General Motors, hangs in the balance after 12 hours of talks broke down with GM revealing the company needed an extra 300 million Euros (US$415 million) to survive. By David Twomey in Berlin At the same time the talks did narrow Opel’s suitors down to two companies, Italian [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Opel future hangs in the balance

GM tells 1600 US dealers “it’s over”

David Twomey — Sat, 16 May 2009 05:50:18 +0000

General Motors Corporation has said it will drop about 1600 US dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of this month. Taken together with a similar announcement by bankrupt Chrysler LLC, now in a merger with Italian carmaker Fiat, a [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

GM tells 1600 US dealers “it’s over”

Saab denies Fiat take over plans

Matt Brogan — Wed, 06 May 2009 04:28:07 +0000

Saab has strongly denied rumours it is in talks with Fiat over possible takeover plans. A spokesman from the Swedish brand, Eric Geers, confirmed yesterday that Fiat was not one of the ten potential buyers currently in negotiations with the ailing manufacturer. “We now have 10 very serious interested parties which have visited us in Trollhattan,” Mr [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

Saab denies Fiat take over plans

2009 Saab 9-5 spied and illustrated

Alborz Fallah — Tue, 28 Apr 2009 19:44:11 +0000

These will most likely be the last spy photos we see of the Saab 9-5 in prototype form as it prepares for its first public appearance later this year. The prototype captured here on the Nurburgring wears a substantial amount of camouflage although the production version is unlikely to waiver from typical Saab styling. These images also [...]

Original article from: Australian Car Advice - Australia's largest independent Auto site.

2009 Saab 9-5 spied and illustrated