Saab Further Delays Production Restart Due to Lack of Parts

Saab announced today that it is still in discussions with its suppliers over supply and delivery terms in order to restart production at its Trollhattan factory.
Yet, as the Swedish automaker tries to secure short-term funds, it isn't able to guarantee that production will commence on August 9 as Saab's new plan had initially called for, postponing the date to the end of August.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab 9-6: Subaru-Based Crossover Prototype Comes out of the Closet

Back in the corporate heydays of GM, before the Detroit automaker went bust, the General would re-badge just about anything it could get its hands on if it were to make a fast buck without breaking a sweat.
This lazy corporate mentality was not only limited to GM’s American products but it spread throughout the entire company. Saab and even Subaru were subjected to this crude process, which was mostly limited to swapping badges and grilles.
When GM controlled the fate of Saab and held a 20 percent share of Subaru, the Detroit company's executive gurus came up with the bright idea of re-badging Subaru models as higher-end Saabs and selling them for a premium.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

New Saab 9-4X SUV Arrives in the US, First Model Delivered in Ohio

Saab is still trying to work through its problems, but the Swedish carmaker has some good news from the States. The first examples of the firm’s new crossover, the Cadillac SRX-based 9-4X, have just arrived at US showrooms.
“Our first vehicles are just hitting retailers and our first customer sale took place last weekend at Saab North Olmstead in Cleveland, Ohio” said President and COO of Saab Cars North America, Tim Colbeck.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

EIB Approves Lease of Saab’s Real Estate

The European Investment Bank has finally approved the lease of 50.1% of Saab Automobile’s property to a Swedish Consortium led by Hemfrosa Fastigheter AB for a period of 15 years. The deal is expected to net Saab Automobile 25 million Euros ($41 million). Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7

Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.
In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

More Good News for Saab as Swedes Receive €25 Million Loan

Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan’s annual interest is 10% and the conversion price is €1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab Secures Further Funding by Leasing its Property

Another day, another chapter in the ongoing saga that is the survival of Saab. After yesterday’s order from a (yet unnamed) Chinese company, which temporarily solved its cash-flow problem, today the automaker announced that it has reached an agreement with a consortium of Swedish real investors led by Hemfosa Fastigheter AB, for the sale of 50.1% of Saab Property for a period of 15 years.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

New Chinese Order Provides Saab with a Temporary Lifeline

Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese company place an order to buy 582 cars, with a total value of € 13 million.
The pre-payment is to be received this week, giving Saab a much needed funding to pay its workers and suppliers. This, however, is only a short-term lifeline for the ailing company and the efforts to secure funds that will guarantee the brand’s future and restart production, which has been halted again since June 8, are ongoing.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab Says it Can’t Pay Workers, Company’s Survival in Doubt

New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.
Swedish Automobile said it and Saab “are in discussions with various parties” to secure short-term funding, including through a sale and lease-back of Saab’s real estate assets.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab Production on Hold for at least Two More Weeks

Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.
"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Saab UK Announces 2012 9-5 Sedan and SportWagon Amidst Production Halt

If there was ever an award for bad timing, Saab’s UK division would probably be a front-runner this month. You see, there is something fundamentally wrong with announcing pricing and details on a new product when its production has been suspended (even if, as Saab claims, proves to be temporary, in which case, why not wait?).
In any case and with Saab’s future depending on deals that still need to be approved from Swedish, European and Chinese officials, the company gave out UK pricing information on the 2012 model year 9-5 range, which benefits from the introduction of the SportWagon and a series of enhancements, including additional features and further reduced CO2 emissions for all engines.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection

Vladimir Antonov Withdraws Proposal to Buy and Leaseback Saab Property

The ink has barely dried on Saab’s latest attempt to form a preliminary deal with China’s Pang Da Automobile and Youngman, and the Swedish company is faced with yet another problem as Russian investor Vladimir Antonov has withdrawn his proposal to buy and leaseback Saab property.
"The property sale is now being discussed with external investors," said Lars Carlstrom, Antonov's representative in Sweden. However, Carlstrom noted that the Russian banker was still interested in becoming a shareholder in Saab’s parent company Spyker Cars NV.
Read more »Source URL: https://hundinklanudaly.blogspot.com/search/label/Saab
Visit hundink lanudal for Daily Updated Hairstyles Collection