Saab cars

Like a shot to the gut from a drunken bud, Koenigsegg ’s decision to back out of the Saab sale all caught us off-guard, especially after it looked like the sale was all but a formality.

Then, just like that, the whole deal collapsed.

Now that Saab is back on the market, a lot of folks thought that with no apparent buyer in mind, the future of Saab looked bleaker than most people initially thought.

As it turns out, the Swedish brand may have a few more lifelines up its sleeve. According to Autocar, two investors have come out of the woodwork to express their interest in buying the beleaguered Swedish car brand.

One of these is China’s Beijing Automotive, which, incidentally, is a minority shareholder of Koenigsegg. The other interested buyer is a Wyoming-based merchant bank called Merbanco. If you’ve been following this soap opera for months, you’d know that these two companies were originally part of the bidding wars for Saab, which Koenigsegg won.

Now that it’s dropped out of the picture, Merbanco and the BAIC have stepped up efforts in purchasing Saab, potentially saving it from the chopping block.

Hold on to your nooses, gentlemen. Saab may not be dead after all.

Source: Autocar UK

We haven’t reported anything lately on the Saab -Koenigsegg merger, thinking that the deal would be made sooner or later. But now, reports have been pouring that Koenigsegg has done a complete about-face and has decided that it would not be purchasing Saab anymore.

In a statement it made moments after announcing its decision to drop talks with GM (Saab’s parent company), Christian von Koenigsegg said, "We regret that after six months of intense and goal-oriented work we have come to the painful and difficult conclusion that we are not going to be able to carry out the acquisition of Saab Automobile”.

As you can expect, GM took the news rather hardly with a great deal of disappointed. While no tears were shed, GM President and CEO Fritz Henderson didn’t exactly mince his words in explaining the failed Saab transaction. “We’re obviously very disappointed with the decision to pull out of the Saab Saab purchase,” he said. "Given the sudden change in direction, we will take the next several days to assess the situation and will advise on the next steps next week."

Continued after the jump.

Source: Autocar UK
Posted on by Terence 1

Now under control of the Swedish super car manufacturer Koenigsegg , SAAB is currently enjoying a bit of a revitalization and in doing so took the wraps off of their latest generation 9-5 sedan at the 2009 Miami Auto Show. Although the new car made it’s international debut in Frankfurt, this 9-5 is still new to North America and the South Florida Show marks the car’s first appearance here in the U.S. The nose of the new 9-5 sedan is inspired by the Aero-X Concept featuring a deep grille flanked with curving, ice-block headlamp units. The entire greenhouse is presented as a ‘wraparound’ mono graphic, the disguised windshield and side pillars giving the cabin Saab’s signature cockpit look. Squint slightly, and the proportions of the windshield and roof become reminiscent of the classic 900 model. The new car comes with a variety of engine options, however here in the U.S. SAAB expects the 2.8 Liter turbocharged V6 engine that puts out approximately 300 HP to be the big seller.

SAAB 9-5 walk around after the jump.

After months of negotiations – including an almost deal-breaking episode General Motors and Koenigsegg have finally reached an agreement over the transfer of the much-maligned Saab brand from the American auto giant to the Swedish supercar makers. GM confirmed that it had reached a stock purchase agreement, transferring Saab Saab to its compatriot, Koenigsegg. While this is the latest significant step undertaken by both parties, the completion of the deal is still subject to a number of issues, not the least of which is how Koenigegg will go about financing this deal.

While the agreement certainly clears up a few potential stumbling blocks, Joran Hagglund, the Swedish government’s main liaison to the auto industry, remains cautious saying that, "The most decisive factor" is whether Koenigsegg can raise additional capital required.” One of the last remaining hurdles before the completion of this sale is finalized is Saab’s loan request, which is estimated at around 500 million Euros, and whether the Swedish government can commit to granting this loan without making any intention of providing state support to the beleaguered auto brand.

In any event, the final decision on whether Saab gets the loan will be handed out when the EIB reconvenes on September 22. In the mean time, the agreement of transfer between GM and Koenigsegg marks as the biggest step undertaken by both brands in completing this deal as soon as possible.

Source: CNN

After a few tense days, the air has finally been cleared and Koenigsegg ’s impending purchase of Saab is once again on the table.

The confusion started when one of the owners of Koenigsegg – Mark Bishop – unexpectedly decided to sell his shares in the company, which was estimated to be around 22%. The immediate ramifications of his decision caused a firestorm of controversy surrounding Koenigsegg’s intended purchase of Saab and whether or not it would still push through.

Fortunately, an unnamed investor immediately gobbled up Bishop’s shares and as a result, the negotiations to purchase Saab are back on.


Continued after the jump.

Source: Reuters

It’s been a few months since we last reported on Koenigsegg ’s purchase on Saab , thinking that it was a done deal at that point. Apparently, the sale recently hit a pretty stiff wall when reports coming from Sweden said that one key investor may have gotten wet feet regarding the impending purchase.

We don’t know who this key investor is, but apparently, this news is more than just trivial hearsay. Sweden’s state secretary for the country’s industry ministry, Joran Hagglund, said that his office is vehemently contacting Koenigsegg in an effort to get more information regarding the matter.

The situation has escalated to such a degree that all the parties involved, including Koenigsegg, Saab, and the Swedish government, have brought in their best PR people to douse the flames of what could become a monumental collapse of a deal that seemed to be in-the-books only a few months ago.

Continued after the jump.

Now that the Swedish automaker Saab is under Koenigsegg’s ownership, their future looks very bright. Maybe by accident (or not!) a document revealing the future Saab’s line-up has surfaced on the internet. It shows all the models to be launched by 2017, and it looks very promising we might add (but we were still hopping to see a production version for the Aero-X).

In 2010 Saab will debut the next generation 9-5, followed by the 9-4X. In 2011 we will see the station wagon version for the 9-5 and a first for Saab, start/stop technology. In 2012 they will bring the new generation 9-3 and the new mini 9-1. In 2013 a crossover vehicle based on the 9-5 Sportcombi will come to life and a new 9-3 Convertible.

2015 looks to be a very promising year for the Swedish company: they plan to bring back the Sonett brand from the 1960s and 1970s, and also a new model placed above the retro comeback, by SAAB will bring out a new generation of the 9-5.

Source: Saabsunited

We have been talking about the next generation SAAB 9-5 for a while now and the Swedish automaker has finally released a few official images of the new car. So that can mean only one thing, the 9-5’s official debut should take place any day now. The new SAAB 9-5 will be offered with a choice of four or six cylinder power plants that are E85 BioPower capable as well as an alternatively fueled four cylinder diesel engine. The future 9-5 will be built upon the same Epsilon 2 as its European GM cousin, the Opel Insignia, except the Saab will feature the longer wheelbase version.

Stay tuned for more!

The last Saab 9-5 rolled out of the production line, after the company decided there are enough models produced until the launch of the next generation 9-5 in Frankfurt Motor Show.

In 12 years of existence - ever since 1997 - Saab sold 9-5 units. During all this period the car had only one major facelift.

The new Saab 9-5 will be produced at the Opel’s factory in Russelsheim. The new model will share its platform with the Opel Insignia, but we are still waiting for an official statement from Koenigsegg.

Saab has been officially bought by the Swedish company Koenigsegg, but this doesn’t mean that they stopped building the cars they already announced. The 9-5 sedan is one of those. The car will be revealed in September at the Frankfurt Motor Show.

Compared to the previous generation, the new 9-5 will be longer, wider and with more room for passengers. Under thew hood Saab will place a 2.0-litre turbo unit producing 210bhp.

In Europe the Saab 9-5 will also be offered with a 2,8 liter V6 engine, while in America it will go with a 3,8 liter V6 engine. Diesel and hybrid versions are also expected.

Source: AutoExpress

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