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Saab Plans To Restart Production Next Week
Since “All My Children” and “One Life To Live” have been canceled, soap opera fans can turn to Swedish car-firm Saab for their weekly dose of drama. Saab has seen its fair share of ups and downs in the last year and a half. General Motors almost left it for dead when a take-over deal…
Enthusiast Shoves Viper V-10 Into Saab 9-3
Somewhere, somehow, we think Samuel Hubinette may have something to do with this crazy Viper-powered Saab 9-3. Hubinette, known as “The Crazy Swede” and campaigned a Dodge Viper in many successful bouts of tandem drifting in his days, so it’d only make sense that this Saab 9-3 with a Viper V-10 would have to do…
K-Pax Racing Volvo S60R GT Revealed Ahead of Mosport Debut
Last week we received a few teaser shots of the updated K-Pax Racing Volvo S60 and now the new car has been fully revealed ahead of its racing debut this weekend at Mosport International Raceway. Competing in the SCCA World Challenge series, the K-Pax Volvo has carried on this year sporting the same bodywork as…
Saab Signs Joint Venture With Chinese Car Distributor Pangda
Saab appears to have yet again found a savior in China, announcing a joint venture with Pangda Automobile Trade Co., the largest distributor of vehicles in the world’s largest car market. The deal will see Pangda purchase 30 million Euros ($42.5 million) in Saab vehicles, with a second purchase of 15 million Euros ($21 million)…
Great Wall Denies Talks With Saab, Swedish Automaker’s Future Uncertain
It might start to be a real sob story over at Saab, if the Swedish automaker can’t find a partner to help finance operations and help get production restarted. News of a most recent deal with Chinese automaker Great Wall might be little more than a rumor, with the Associated Press now reporting a Great…
Great Wall, Spyker, In Talks Regarding Saab
With the apparent collapse of the deal between Hawtai and Spyker, the Dutch parent company of Saab is now courting Chinese automaker Great Wall in an apparent bid to find a partner for the ailing Saab brand. Hawtai was apparently unable to get the necessary approval to complete a transaction with Saab worth 150 million…
Saab, Hawtai Deal Terminated
Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis.
K-Pax Racing Teases New Volvo S60 Body in Exposed Carbon Fiber
It won’t officially debut for just over a week, but K-Pax Racing has released a few teaser images of the rebodied Volvo S60 race car it will campaign in the World Challenge series. Series Champions in the GT Class last year, K-Pax is back competing for the title in 2011. Volvo enthusiasts may have noticed…
Saab Could Sell Chinese Built Cars In America, Priced At $10,000
Saab’s partnership with Chinese automaker Hawtai could see the ill-fated Swedish luxury brand use its dealer network to sell cheap Chinese cars in America, with some priced at the magic $10,000 mark. “We laughed when the Japanese came,” Victor Muller, Saab’s chairman, told Automotive News. “We laughed when the Koreans came. But we will not…
New Volvo XC90 Confirmed for Production
Rumored to have been axed, Volvo North America CEO Doug Speck has confirmed plans to keep the XC90 SUV alive. In a recent interview with Automotive News, Speck commented that the automaker intends to “bring an all-new XC90 to the market.” Introduced in 2002, the XC90 is still on its first generation, receiving new engines…
Volvo Spending 11 Billion On Vehicles And Facilities Over The Next Five Years
Chinese automaker Zhejiang Geely Holding Group spent $1.7 billion last year to acquire Volvo from Ford Motor Co.,and now plans to spend as much as $11 billion on Volvo products and facilities over the next five years. Doug Speck, CEO of Volvo Cars of North America, says a growth strategy for the United States will…
Saab Going On Tour To Promote Resurgent Company, Chinese Partnership
Saab is hitting the road in an effort to promote its new financial backers, but the road show will have to wait for approval from several authorities who must approve Saab’s transactions with China’s Hawtai Motor Group and Russian financier Vladimir Antonov. CEO Victor Muller will target major media events and car shows in an…
Volvo Introduces S80 Executive and V70 R-Design Special Editions
Volvo is adding a bit of high-end luxury to their popular S80 and V70 models with special edition models. Starting with their sedan, the S80 will have an Executive edition featuring an espresso brown or black leather instrument panel. The soft-leather seats are ventilated with a massage function and the center console now sports aluminum…
Feds Probe GM SUVs for Faulty Fuel Gauges
Those findings registered over the weekend brings the total number of complaints so far to some 668 and NHTSA is investigating a whopping 865,000 vehicles regarding this problem.
Saab To Resume Production After Short Term Loan
With Saab parent company Spyker Cars having secured a 30 million euro short-term loan, Saab vehicles will now resume production after a payment dispute with suppliers forced them to suspend their operations. Saab CEO Victor Muller released a statement to the media, remarking “I would like to apologize to our dedicated employees, suppliers, dealers and customers…
Volvo Clinches First World Challenge Touring Car Victory With K-PAX Racing Volvo C30
Defending World Challenge champions, K-PAX Racing, headed back to the podium in Utah over the weekend. After conquering their respective class last season and capturing the World Challenge Drivers Championship with their Volvo S60 in the GT Class, K-PAX’s newly built C30s are already looking like true competitors in the Touring Car class as well….
K-PAX Performance Volvo C30 GT Tunign Kit Delivers 280-HP
K-PAX Racing is taking their knowledge and expertise gained from racing Volvos on the track to expand their business portfolio with K-PAX Performance Cars. After winning the Manufacturers’ and Drivers’ Championship in 2010, K-PAX Racing formed their sister company, K-PAX Performance Cars and have now debuted their first vehicle, the Volvo C30 GT. The Volvo…
Spyker Says Saab Won’t Meet 2011 Production Targets
In a further effort to help restart production, Saab also said that it was raising funds from shareholders, “pursuing various initiatives to improve the group’s liquidity” in the words of the company, but declined to elaborate any further.
Russian Financier Vladimir Antonov Clear by Swedish Government to Fund Spyker
Vladimir Antonov, Russian banker, investor, billionaire, and perennial runner-up for Most Interesting Man In The World Award, has been cleared by the Swedish National Debt Office to become a shareholder in Spyker, and ultimately Saab. Despite possible connections with organized crime that any Russian billionaire is expected to hold in the first place, Antonov has…
Volvo Plans For Flagship Sedan Now On Hold
Volvo CEO Stefan Jacoby has announced that their plans for a flagship sedan to compete with the Mercedes-Benz S-Class and BMW 7-Series have been put on hold, and may be dead altogether. “It is not in our midterm or long-term strategy right now,” CEO Stefan Jacoby said at last week’s Shanghai Auto Show. “That has…
Saab Property Sale To Russian Banker Blocked
Saab’s attempt at selling off assets to a Russian financial magnate Vladimir Antonov has stalled after the European Investment Bank told the Swedish auto maker to essentially find a new partner within a set time frame. The EIB and other parties have expressed concerns regarding Antonov’s reported Russian mafia connections. All parties involved are understandably…
Volvo S60 Voted International Sedan Of The Year
For Volvo, being naughty has paid off: the new S60 sedan was voted International Sedan of the Year at the New York Auto Show. “Receiving the International Sedan of the Year award demonstrates that the advanced technology, safety features, masterful Scandinavian design and award-winning engine resonate with industry experts,” said Jeff Pugliese, president of Volvo…
Saab Deal With Volvo Apparently A No Go
However, Volvo has now gone on the record, stating that no such talks have taken place. In the meantime, Saab CEO Victor Mueller, is continuing to look for other sources to tap into for capital, including Chinese automakers.
2012 Volvo S60 R-Design, XC60 R-Design Get More Power And Torque
There used to be a time when an “R” badge on a Volvo meant it was very special, a time when a former Formula-One racing team by the name TWR, tweaked a humble Volvo sedan and wagon into an autobahn missile. More recently though, Volvo had ditched the idea of a true performance model and…
