Showing posts with label Saab. Show all posts
Showing posts with label Saab. Show all posts

Tuesday, May 3, 2011

Saab Details Partnership with China’s Hawtai Motor Group


In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under the agreement, Saab will receive a €150 million (US$222.5 million) cash injection while the two companies will form joint ventures for manufacturing, technology and distribution.

As a part of the deal, China’s Hawtai will invest €120 million (US$178 million) for up to a maximum of a 29.9 percent equity stake in Spyker on a fully diluted basis. Τhe remaining €30 million will be in the form of a convertible loan agreement with a 6 month maturity, an interest rate of 7% per annum and a conversion price of €4.88 per share.

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Monday, May 2, 2011

Saab Announces Strategic Partnership with China’s Hawtai Motor Group, Secures New $30 Million Loan


Spyker Cars NV and Saab president Victor Muller is pulling all the strings to kick start the Swedish automaker back into life after the company hit a cash crunch and was forced to halt production last month as suppliers refused to send parts citing lack of payment.

After an earlier announcement on the involvement of Russian banker Vladimir Antonov, who plans to invest €30 million in Saab’s parent company Spyker in return for a 29.9 percent stake, Muller hit twice today revealing that the company has secured a €30 million convertible loan from Gemini Investment Fund Ltd, while also announcing a new partnership with China’s relatively unknown, Hawtai Motor Group.

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Friday, April 29, 2011

Spyker Cars Says Saab won’t Meet its Sales Target this Year, Now Talking with Chinese Companies for Funding


The roller coaster that is Saab has taken another turn, and unfortunately for the Swedish brand, the future doesn’t look so bright. In spite of a tentative agreement to let Russian banker Vladimir Antonov invest 30 million euros in Saab’s parent company Spyker in return for a 29.9 percent stake, the investment still needs to be approved by the European Investment Bank, which means the Swedes are still short on cash and cannot resume full production.

Today, Spyker reported a loss of €79 million before interest and tax for its first quarter earnings, while the company’s CEO, Victor Muller, said that Saab will not meet its sales target this year.

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Thursday, April 28, 2011

Swedish Debt Office and GM Allow Antonov to Invest in Saab


It appears that
Saab's hopes of survival continue to depend after all that happened on Vladimir Antonov, the Russian banker who was forced by GM to sell his initial shares in Spyker for the Saab sale to occur. Spyker today confirmed that the Swedish National Debt Office (NDO) allowed Antonov to become a major shareholder in Spyker Cars, Saab's parent company.

"This is a great day for our company and for me personally. We worked relentlessly for 11 months to achieve the desired result: restore the reputation of Vladimir Antonov, who made so many valuable contributions to Spyker since 2007 as financier and shareholder,” said Victor Muller, CEO of Spyker and chairman of Saab Automobile.

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Friday, April 15, 2011

Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash


The Swedish government offered
Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.

The government has approved a proposal from the Debt Office to allow Saab to sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back from him. The minister said this deal would bring €30 million to Saab in the first phase, although the real estate was worth much more than that.

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Saab Roller Coaster Continues as Cash Gets Tight


Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers.

The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan, meaning whatever Spyker's resolution calls for must get the go-ahead from the Man.

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Tuesday, April 5, 2011

New Woes for Saab, Production Halted Again After Company Fails to Pay Suppliers


Less than a week after Saab idled its Trollhattan plant in Sweden for a few days due to a shortage of parts after failing to pay suppliers, the company once again halted production on Tuesday for the same exact reasons, despite solving the previous disputes.

"Production is stopped right now. It was stopped this morning," said Saab spokesperson Gunilla Gustavs. "We are working intensively to make sure the flow gets going again. We are having discussions with suppliers and doing our best to come to mutual agreements," Gustavs added.

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Wednesday, March 30, 2011

Saab Temporarily Halts Production After Suppliers Suspend Parts for Not Being Paid


In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t been paid.

“Certain suppliers halted supplies to Saab Automobile pending discussions about payments and supply terms,” Spyker said in a statement on Wednesday. “Saab Automobile expects to resolve these issues in the short term, also to prevent any further disruptions in supply. Saab Automobile has sufficient means to meet its immediate liquidity needs from existing and available sources,” the company added.

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Friday, March 25, 2011

SAAB CEO Jan Åke Jonsson to Retire, Victor Muller Takes Over Temporarily


Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime Saab executive is found, Spyker Car’s CEO Victor Muller will temporarily assume the role of President and CEO of Saab Automobile AB in addition to his role as Chairman of the Board.

The 59-year old executive, who has worked for Saab for close to 40 years, took over the helm of the company in 2005 when it was still under the ownership of General Motors. Jonsson has been credited for playing a key role in the savior of Saab when the Detroit automaker wanted to close down the brand.

“I have been with Saab Automobile for almost my entire career of 40 years, of which almost six years as the head of Saab Automobile,” said Jonsson in a statement. “The last three years have of course been very demanding and forced me to focus on one thing only – my work. Now it is time for me to also spend some time on other things that had to stand back for my duties to Saab Automobile.”

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Wednesday, February 2, 2011

New Saab 9-5 SportCombi Spotted Strolling Out in the Open


Saab recently gave us our first taste of the new 9-5 SportCombi with the release of a single teaser photo, but today, Saabsunited member Djup Strupe spotted the station wagon model out in the open, apparently somewhere near the firm's headquarters in Trollhättan, Sweden. The specific example is said to be an Aero TTiD model, which probably means it's powered by the same 190HP 2.0-liter turbo diesel engine found on the sedan version. The more practical and dare we say more Saab-ish version of the 9-5, which will also be known as the SportWagon in some markets, will receive its world premiere at next month's Geneva Salon before it arrives in dealerships this Fall.

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Saturday, January 22, 2011

Saab Recalling 2010-2011MY 9-3 Models Due to Faulty Fuel Pumps


Saab is recalling 4,400 passenger cars from the 2010-2011MY 9-3 series manufactured from June 2010 through October 2010 to fix fuel pumps that can seize and cause the engine to stall. According to the National Highway Traffic Safety Administration (NHTSA), some of these fuel pumps may have internal components with incorrect specifications.

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Wednesday, January 19, 2011

Saab Releases First Official Photo of 2011 9-5 SportCombi


Following a preliminary release earlier today, Saab has issued the first official photograph of its 9-5 SportCombi. The estate version of the 9-5, which will carry the SportWagon moniker in certain markets including the UK, will get its public debut at the Geneva Motor Show in March.

Saab has not yet released detailed information on the engine lineup, but buyers should expect to see a similar mix of turbocharged diesel and gasoline motors (depending on the market of course) to the sedan variant when it arrives in the market this Fall.

For the time being we only have a single official picture of the 9-5 SportCombi / SportWagon, but Carscoop reader Torben just sent in several renderings of the car sourced from the patent drawings filled in the U.S., which you can check out after the jump.

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Saab's All-New 9-5 SportCombi to Debut at Geneva Motor Show


We've been fielding rumors of an estate version of the all-new Saab 9-5 series for some quite time now, but today, the Swedish automaker made it official announcing that the world premiere of the SportsCombi will take place at the 2011 Geneva Motor Show in March.

"The launch of the 9-5 SportCombi is a much-awaited next step in the roll-out of our new product offensive," said Saab Automobile CEO Jan Ake Jonsson. "It will take Saab back into the large wagon segment where we have established a strong presence in many key markets with our previous offering."

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Monday, January 10, 2011

Saab to Offer Hirsch Performance Products for 9-3 and 9-5 Models in the USA


Current and future Saab owners in the U.S. looking to tune their cars with factory approved upgrades will be happy to learn the Swedish automaker announced today that Hirsch Performance aftermarket products will be available for its 2007-11MY 9-3 and 2010-11MY 9-5 cars through select Saab dealers in the States starting in spring 2011.

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Thursday, January 6, 2011

Saab Officials Confident that 2011 will be a Turning Point in the Company’s History


Saab sold just 31,696 cars globally in 2010, after having cut its sales target from 45,000 to 30,000-35,000 vehicles, due to the restructuring of the brand’s supplier base. However, with fourth quarter (2010) sales up 129% compared to 2009, Chairman Victor Mullen believes that Saab “is firmly establishing itself as an independent car manufacturer”.

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Wednesday, December 29, 2010

China's BAIC Working with Pininfarina on Saab-based Model, Confirms Interest in the Italian Design House

Photo: BAW C71 from 2010 Beijing Show

Yesterday, we brought you photos and details about a new and very Mercedes-Benz B-Class-like model from BAIC or Beijing Automotive Industry Holding Corp. Today, we have more news on the Chinese automaker as a media report citing an unnamed executive from the company claims that BAIC is working with Italian engineering and design specialist Pininfarina on a new vehicle based on the underpinning of a previous generation Saab model.
Read more »

Friday, December 24, 2010

Saab 9-3 Convertible Luxury Sports Car

2010 Beijing Auto Show will be highlighted by the alternative-energy cars. Saab offers the 2010 model of diesel powered 9-3 Convertibles with 7% reduction in fuel consumption and CO2 emissions while keeping the performance as good as it was in older models. What the carmaker would like to emphasize is that there is no noticeable loss in performance.
Saab 9-3 Convertible Sports Car
The Saab 9-3 Convertible handles as well as anything else out there. Steering and breaks on the Saab 9-3 Convertible's are masterfully engineered to be quick and sure. The standard engine pulls its weight with aplomb, and for those with a thirst for more power, the turbocharged 210-horsepower is deceptively quick.
Saab's new concert quality 300-watt sound system has no equal. Ventilation settings and seat positions can be saved in Saab'ss onboard computer. For those who seek even more performance, check our home page for links to retailers who offer 2011 Saab 9-3 convertible accessories you can order online. The BMW 3 Series interior space is not as large as the Saab 9-3 and neither is the trunk as cavernous. The new 9-3 is an above average entry-level luxury sports car that will give people cause to think twice about BMW.
There are two different versions of the Saab 9-3's new turbocharged 2.0-liter inline four-cylinder engine. 175 horsepower and 195 pound-feet of torque are produced by the low-pressure turbo base engine coupled with a five-speed manual standard or a five-speed automatic.
The change is due in part to Saab’s ongoing EcoPower Technology development strategy, which concentrates on optimizing efficiency and minimizing the environmental impact of its products. The low emission diesel variants with the 150 hp/110 kW, single turbo 1.9-liter engine can generate 145 g/km CO2and fuel consumption of only 5.5 l/100 km over the combined cycle. Cars that have the 180 hp/132 kW, two-stage turbo power results to 144 g/km and 5.4 l/100 km. Acceleration from zero to 100 km/h and top speed are largely unchanged. However, fifth gear 80-120 km/h times are raised by less than one second.
The high-pressure Saab 9-3 Convertible turbo engine option produces 210 hp and 221 lb-ft of torque with a six-speed manual or a five-speed automatic. The 2011 Saab 9-3 Convertible offers 205 horsepower from its turbocharged four-cylinder coupled to a five-speed manual or a four-speed automatic.
The new 2011 Saab 9-3 convertible comes as a 4-door, and a convertible, both of which are offered with a choice of three trim levels. The new 2011 "Linear" model comes with full leather seating, fabric door panels and gray trim in addition to a 150-watt stereo, keyless entry, the OnStar system, stability control and 15-inch alloy wheels. The "Arc" versions offers wood veneer and leather with poplar accents, power front seats, automatic climate control, a 300-watt audio system and 16-inch alloy wheels. (2011 Saab 9-3 Convertible facts)
The efficiency gains have been achieved by a series of fine-tuning measures including: the use of wider gear ratios, a longer final drive, idle and low engine speed remapping, and an optimized tire and wheel choice. These variants, which are offered only with manual transmission, are now being built in Trollhättan, Sweden, like all Saabs. In several markets, customers are offered with valuable CO2 tax-related benefits and are being introduced alongside 9-3 Sport Sedan and Sport Combi diesel models, which already feature the improvements.

Saturday, May 22, 2010

2011 Saab 9-3 Convertible Luxury Sports Car

2010 Beijing Auto Show will be highlighted by the alternative-energy cars. Saab offers the 2010 model of diesel powered 9-3 Convertibles with 7% reduction in fuel consumption and CO2 emissions while keeping the performance as good as it was in older models. What the carmaker would like to emphasize is that there is no noticeable loss in performance.
2011 Saab 9-3 Convertible Sports Car
The 2011 Saab 9-3 Convertible handles as well as anything else out there. Steering and breaks on the Saab 9-3 Convertible's are masterfully engineered to be quick and sure. The standard engine pulls its weight with aplomb, and for those with a thirst for more power, the turbocharged 210-horsepower is deceptively quick.
Saab's new concert quality 300-watt sound system has no equal. Ventilation settings and seat positions can be saved in Saab'ss onboard computer. For those who seek even more performance, check our home page for links to retailers who offer 2011 Saab 9-3 convertible accessories you can order online. The BMW 3 Series interior space is not as large as the 2011 Saab 9-3 and neither is the trunk as cavernous. The new 9-3 is an above average entry-level luxury sports car that will give people cause to think twice about BMW.
There are two different versions of the 2011 Saab 9-3's new turbocharged 2.0-liter inline four-cylinder engine. 175 horsepower and 195 pound-feet of torque are produced by the low-pressure turbo base engine coupled with a five-speed manual standard or a five-speed automatic.
The change is due in part to Saab’s ongoing EcoPower Technology development strategy, which concentrates on optimizing efficiency and minimizing the environmental impact of its products. The low emission diesel variants with the 150 hp/110 kW, single turbo 1.9-liter engine can generate 145 g/km CO2and fuel consumption of only 5.5 l/100 km over the combined cycle. Cars that have the 180 hp/132 kW, two-stage turbo power results to 144 g/km and 5.4 l/100 km. Acceleration from zero to 100 km/h and top speed are largely unchanged. However, fifth gear 80-120 km/h times are raised by less than one second.
The high-pressure Saab 9-3 Convertible turbo engine option produces 210 hp and 221 lb-ft of torque with a six-speed manual or a five-speed automatic. The 2011 Saab 9-3 Convertible offers 205 horsepower from its turbocharged four-cylinder coupled to a five-speed manual or a four-speed automatic.
The new 2011 Saab 9-3 convertible comes as a 4-door, and a convertible, both of which are offered with a choice of three trim levels. The new 2011 "Linear" model comes with full leather seating, fabric door panels and gray trim in addition to a 150-watt stereo, keyless entry, the OnStar system, stability control and 15-inch alloy wheels. The "Arc" versions offers wood veneer and leather with poplar accents, power front seats, automatic climate control, a 300-watt audio system and 16-inch alloy wheels. (2011 Saab 9-3 Convertible facts)
The efficiency gains have been achieved by a series of fine-tuning measures including: the use of wider gear ratios, a longer final drive, idle and low engine speed remapping, and an optimized tire and wheel choice. These variants, which are offered only with manual transmission, are now being built in Trollhättan, Sweden, like all Saabs. In several markets, customers are offered with valuable CO2 tax-related benefits and are being introduced alongside 9-3 Sport Sedan and Sport Combi diesel models, which already feature the improvements.

Tuesday, March 3, 2009

Concept Car : Honda Payo

We all know green cars are trendy these days (luckily), so seeing yet another concept with fuel cell installed doesn’t look that special anymore.



Just like the Saab Recharge concept, the following car has something else that is pretty unique. I’m talking about the pretty odd looking Honda Puyo with its gel-body; a new Honda concept with a casing out of a new high tech gel-like material, which makes the car absorb force during impact and safer in collisions.
Thanks to it’s small, outwards placed wheels, it can also rotate 360º in place.