Saab hopes to make a new compact model at its plant in Trollhattan, Sweden, Reuters reported last week.

Saab's managing director, Jan-Ake Jonsson, told the Swedish news agency TT that the compact car would compete in the same segment as the BMW 3 Series and Audi A3 and be built on a platform similar to that of the next-generation Opel Astra. He did not say when the car would go into production.