So, Wait…Who Owns Saab Now?

admin — Tue, 15 Dec 2009 15:34:49 +0000

A Beijing auto company recently purchased rights for the design/production of Saab’s 9-3 and 9-5. But Spyker, a Dutch company, still wants to purchase Saab. Umm…we’re confused. Officially, the “technology” of Saab’s two popular models was sold off to Beijing Auto by parent company GM. This happened only a few days ago. However, Dutch manufacturer Spyker, which hasn’t turned a profit since going public in 2004, still wants the Saab name.

For now, General Motors still has the Saab brand, and is looking to unload it as soon as possible. Other companies looking to keep Sweden’s Auto Maker in The Netherlands include Renco Group and also Koenigsegg, who recently had the top notch before falling through. Anyone want to make a bid for Saab?

Via WorldCarFans

Geely on Deck to Save Saab

admin — Mon, 07 Dec 2009 14:01:17 +0000

Geely, the same company bidding to purchase Volvo from Ford Motor Company, may be on deck to pick up a dwindling Saab. These are interesting times at Saab – previously the auto maker was going to be picked up by Koenigsegg, bringing ownership back to Sweden. Saab has been under GM’s flag for decades. Now that the Koenigsegg deal is off Saab is waiting in the wings – for Geely?

Auto Evolution reports that no such agenda is certain, when asked if Geely is interesting in making an offer for Saab, “Lawrence Ang, an executive director of Geely Auto, quickly reacted: Who knows?” Geely is believed to offer $2 billion for Volvo, although officials involved in the matter refused to comment on the rumors.

Saabapedia.org » saab buy out

So, Wait…Who Owns Saab Now?

Geely on Deck to Save Saab