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Archive for Category: "Saab"
Former Saab execs arrested on accounting fraud charges
The Associated Press reports that three former executives of Saab have been arrested on accounting fraud charges. According to Swedish prosecutor Olof Sahlgren, these executives are “suspected of aggravated attempts to avoid tax controls” by allegedly falsifying parts of Saab’s accounts between 2010 and 2011 — a crime that carries a sentence of up to [...]
Saab Owners Get Warranty Service Once Again!
The story of Saab has been a long and exhausting one that has been chronicled across these pages for months. In this collection of long and often sorrowful pieces, we are proud to provide a spark of hope and good news. Thanks to a new agreement between Saab Automotive Parts North America and General Motors, [...]
The Deal Between NEVS and Saab is Complete
Earlier in the summer, a Chinese-Japanese investment company made the move to purchase the quietly sleeping Saab brand. Overseen by a joint venture, the recently formed National Electric Vehicle Sweden (NEVS) went ahead and took the plunge but suffered a few set backs along the way. At the first of August, the outfit missed the deadline to [...]
GM Asks For an Extenstion: Spyker Agrees
At the beginning of August, Spyker got a bit choleric with General Motors and made the decision to sue. The reasoning dealt with the Swedish automaker Saab who was once owned by both companies but went fully bankrupt because of them. Since Spyker firmly believes that GM’s limitations on product rights hindered Saab and caused the bankruptcy, [...]
Spyker Sues GM Over Saab
Spyker and General Motors have had a rather rocky relationship in the past and now, it has gotten outright jagged. When the Dutch sports car manufacture purchased the Swedish icon Saab from the American company back in 2009, little did they know that a rollercoaster of anguish and drama would ensue. After numerous financial faults, Saab went [...]
Saab’s Deal Postponed
When the recently established Japanese-Chinese outfit, National Electric Vehicle Sweden (NEVS), first made the bid on the dead Saab, they were given a deadline to meet. The cut-off date for the finalization of the deal was August 1 and sadly, it was not met. Because of a few problems with “things in the deal”, the closing [...]
The last “Saabs” Are Going to Auction
Right before Saab Automobile AB and its former owners, Swedish Automobile N.V., broke down and declared bankruptcy, a good hunk of their cars were shipped off to North America for U.S. sales. When the inevitable happened in December 2011, those cars were thus stuck in shipping ports and soon after, seized by a U.S. loan [...]
Saab Gets Bought
It has been approximately six months since Saab Automobile announced its bankruptcy and in that time, a rollercoaster of drama and suspense raged on at full speed. More than likely, there was a moment when the automotive industry felt certain that the book of Saab was officially finished but it appears that another chapter has just been [...]
Saab Parts To Be Offered To North America
Saab Automobile AB may be bankrupt, but there are still a large variety of their vehicles roaming around the globe that will eventually, need attention. In North America, getting parts for a low volume car make, especially one that is currently silent, can be tricky but 9-5 owners should slap on a for sale sign [...]
Youngman Goes After Saab AGAIN
The last time the automotive industry heard from Zhejiang Youngman Lotus Automobile (Youngman), the Chinese automaker said that they would be withdrawing from the fight for Saab Automobile. A few weeks have passed, other companies have banded together to try to purchase the defunct Swedish brand and Saab is still left parentless and bankrupt. Despite numerous attempts to buy out [...]
