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Saab Dealerships Seek New Manufacturers
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Nails just keep dropping in Saab‘s coffin, despite Chinese company Youngman’s attempts to sway the tide otherwise. The latest detail in what’s become a sad saga of failure has to do with dealerships and their reaction to being caught in the fallout. It’s probably easy to forget, but if an automaker goes belly-up, the folks…
2013 Volvo V40 Teased Ahead of Geneva Motor Show Debut
Volvo has released a teaser image the upcoming 2013 V40, which will debut at next month’s Geneva Auto Show. The five-door sedan is designed to angle in on BMW’s 1-Series and Audi’s A3 Sportback. We’re still waiting for specific details like pricing, the chance for a U.S. release and definite engine specs, but an article…
Saab North American Heritage Collection Goes up for Auction
McTevia & Associates, the legal firm brought in to deal with Saab North America’s creditors and dispose of its remaining assets, announced that cars in the Heritage Collection will be sent to auction (bids had to be registered before Friday, February 10 at 12 noon Eastern).
Volvo Embraces the Four Cylinder Engine
As fuel prices continue to rise, fuel economy in our cars becomes a bigger issue on a daily basis. Volvo announced at the Chicago Auto Show that they are working towards a line-up of automobiles that utilize nothing but four cylinder engines. Within five years, U.S. president and chief executive officer of Volvo John Maloney says…
Koenigsegg Agera R Finally Hits US in June, Company Considers Camless Engine
More than two years after Koenigsegg debuted its Agera R model, the Swedish automaker will finally bring the first one to America sometime this June according to a company executive. The Agera R has set plenty of records already, including the Guiness World Record for 0-186 mph time. Its equipped with a 5.0L twin-turbo V8…
Volvo Celebrates 30 Years of the 760 GLE
Volvo has long been recognized for its boxiness and its Swedish sensibilities but it wasn’t always so. For February 2012, Volvo is celebrating the 30th birthday of the original 760 GLE sedan, the car that saved the Volvo Car Corporation. During 1975, automakers across the world were badly beaten by the effects of the oil…
Saab’s EU Loan Paid off by Swedish Government
Now, the Debt Office has reported that the outstanding balance on the loan (equivalent to some $325 million) has been paid, making the Swedish government the former automaker’s largest creditor.
2012 Volvo S60 Earns Perfect Scores in NHTSA Crash Testing [Videos]
For decades, the Volvo brand was the epitome of safety. Many perceived the Swedish automaker’s models to be bland and boring, but one thing was for sure: they were built like tanks. Nowadays though, Volvo has developed a reputation for having sportier vehicles while maintaining the safety standards they established throughout the years. And now…
Saab Museum Saved from Liquidation
Last week we reported the news that Saab was auctioning off the vehicles in its museum, with over 120 different models looking to be separated from one another. It appears that Saab enthusiasts and the city of Trollhättan, where the museum is located, wasn’t too keen on that idea. The museum has been saved thanks…
Volvo S60 T5 AWD Bolsters US Lineup (Sort of)
The new model will slot in between the front-drive S60 T5 (which currently stickers for $32,175) and the S60 T6 AWD ($39,325).
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Volvo Road-Train Completes First Successful Test
A major step towards self-driving cars, Volvo has announced its first successful test of what it calls a “road train”. As a part of the SARTRE (Safe Road Trains for the Environment) project, a test fleet of cars fitted with special equipment becomes a caravan of sorts, bunching up behind a lead vehicle and acting…
Volvo Searching For New Small Car Partner
Swedish automaker Volvo is looking to shack up with a new mate in the hopes of making a fresh set of small cars. Their current compact, the C30 (above), is based on technology from former parent company Ford. However, Ford dumped Volvo almost two years ago, passing them off to Chinese Geely Holding Group for $1.8…
Turkish Private Equity Firm Confirms Saab Bid in the Works
A Turkish private equity firm, Brightwell Holdings, has announced its interest in placing a bid on now bankrupt Swedish automaker, Saab. The firm, based out of Istanbul, invests in energy, transport and technology and wishes to buy all of Saab and wishes to keep production in Sweden. “We will make a bid very shortly, there’s…
Youngman Extends Another Bid For Saab
Just when it seemed Saab would be gone from news headlines for good, Youngman swooped in again to make a bid. Apparently the company hasn’t given up on getting Saab back up and running. According to Dagens Industri, a Swedish business news organization, the Chinese firm is submitting a £430 million offer, or about $560 million….
Saab Bankruptcy Endangers Spyker Existence
Bold and ambitious, Victor Muller founded Spyker Swedish exotic sports cars before purchasing Saab, believing in its return to past glory under his leadership. Confident in his abilities, Muller’s gamble on Saab put Spyker in danger as well. Following Saab’s devastating bankruptcy, Swedish Automobile N.V. (Swan for short, formerly Spyker Cars N.V.) have announced that there…
Saab Museum Cars To Be Auctioned Off
Next on the chopping block for Saab is the auctioning of over 120 Saab models from the Swedish automaker’s museum at its headquarters in Trollhättan. Car collectors from all around the world will now have the opportunity to own some very rare and even one-off concept models from Saab’s museum including their UrSaab prototype, the automaker’s…
Volvo XC60 Plug-in Hybrid Provides “Range Generosity”: 2012 Detroit Auto Show
The Volvo XC60 is getting a makeover for 2012, but not in the looks department. Aesthetically it will remain the same, but the power plant in the Volvo is getting quite an upgrade. There are many ways that Volvo is trying to improve fuel economy with this new hybrid system. The XC60 will be run by a…
Saab Sends Workers Back to Finish Stagnant Production Line
Just about 100 more Saabs will roll off the line after the Swedish automaker decided to send some employees back to finish incomplete units still standing in the factory. The company was plagued with financial problems after changing hands from GM to Spyker Cars and ultimately Swedish Automobile. That forced them to shut down despite…
Volvo XC60 Plug-in Hybrid Makes 350 HP, Gets 50 MPG: Detroit Auto Show Preview
The V60 gas/electric Plug-in Hybrid will sport an electric motor producing 70 hp, along with a four-cylinder gasoline engine, resulting in a total power output of 350 hp.
Volvo XC90, S80 Successors to Arrive Starting in 2014
Volvo new U.S. CEO, John Maloney, is predicting nothing but good things for the company, and has released some details on how he plans to grow the Swedish brand. Starting with new vehicles, Volvo has announced that in 2014 we can expect a flexible mid to large size platform that will be used to replace…
US Saab Dealerships Looking To Liquidate Inventory
Lost in the news regarding Saab‘s bankruptcy is the impact on US dealerships as they were forced to sell all vehicles as is and with no warranty since December 19th, 2011. Many dealerships are looking for ways to liquidate their inventory as all 188 US dealerships were also notified that all factory incentive programs and…
Saab Phoenix Architecture Sold to China’s Youngman
Though Youngman’s attempts to save Saab proved futile, it appears that the Chinese automaker isn’t giving up on Saab-related assets. Youngman announced that they’ve acquired the rights to Saab’s Phoenix vehicle architecture and also announced that they have intentions of setting up a firm in Sweden to develop a new car based on the Phoenix…
GM to Cover Warranties On Saabs Sold Before February 2010
Just yesterday we reported that Saab has announced that it will not honor any warranties effective immediately and they also advised their dealers to sell off the remaining cars ‘as is.’ This news will surely anger anyone who currently owns a Saab that had some warranty left on it. However, General Motors is coming to…
Saab Suspends Warranty on North American Vehicles
After filing for bankruptcy on Monday morning, Saab is now suspending all warranty coverage on its North American cars. Saab dealers have been told that all remaining vehicles they have on the lot are to be sold as is with no coverage; The warranty booklets were even removed from the information packets of new Saab’s….
