swedish cars
Saab Administrator In Charge Of Bankruptcy Proceedings Wants Out
The administrator in charge of the Saab bankruptcy proceedings has told a Swedish court that the process must stop. “The money is not enough to continue the reorganization,”said Guy Lofalk in an interview with Reuters. “Now, an application [to terminate the reorganization] has been mailed. It should be on the court’s desk tomorrow.” Lofalk said…
Saab Confirms Loan from China’s Youngman
Narrowly escaping bankruptcy and liquidation for the 17th time (ok, maybe that’s an exaggeration), Saab has confirmed receipt of a 70 million Euro payment from Chinese investor and automaker Zhejiang Youngman Lotus Automobile Co. Far from a magic wand that will make all of Saab’s troubles go away, the automaker continues to operate in its…
Saab 9-5 Is Singapore’s Car Of The Year
The tiny island nation of Singapore is best known for its laws banning chewing gum and instituting corporal punishment against criminals, and apparently, a big lover of the Saab 9-5. The obscure Swedish sedan was named “Car of the Year” by a local publication called “Consumer Guide”, according to Saab’s PR department. Car taxes in…
Volvo C70 To End Production At Dedicated Plant
Volvo Cars plan to discontinue production of the Volvo C70 convertible at the Pininfarina Sverige AB plant of Uddevalla, Sweden, by 2013. Established as a joint venture between Italian design house Pininfarina and the Swedish Automaker since 2005, the plant is responsible of building only the C70 model and employs 600 workers for the task. Volvo…
Saab 9-3 eAWD Demo Vehicle to be Showcased at SAE All-Wheel Drive Symposium
At this week’s SEA All-Wheel Drive Symposium in Bloomfield Hills, Michigan, OEM supplier BorgWarner will show off its next generation of AWD systems including a new hybrid-electric setup. The system, known as eAWD, will be fitted to a Saab 9-3 and BorgWarner claims it will offer, “superior stability and traction with lower emissions and up…
Swedish Authorities Seize Saab Museum Collection
Saab‘s museum collection of historically significant vehicles was seized by Swedish authorities from the company’s museum. The Swedish Enforcement Office took possession of the museum and other contents, including 13 exhibits, 22 engines and six workshop tools. Saab is said to owe parts suppliers more than $31 million in overdue payments, and the Swedish government…
Volvo to Phase Out 5-Cylinder, 6-Cylinder Engines
There was a time, some 35-odd years ago, when the only engines found under the hood of a Volvo were four-cylinder units. Some were naturally aspirated, and some were boosted via a turbo-charger. However, due to the demands and pressures from customers and share holders, Volvo started producing five-cylinder, six-cylinder engines. They even got Yamaha…
Volvo Owner Geely Insterested in Saab
Saab‘s days as an automaker might not yet be numbered. According to a recent report a Chinese automaker may be interested in purchasing the bankrupt automaker. “I’ve heard this one before,” you’re probably thinking to yourself. But this time it’s different…. we promise. According to Sweden’s Dagens Industry, the interested Chinese suitor is none other…
Swedish Government Rejects Saab’s Request For Bankruptcy Protection
It was just yesterday when we reported that Saab was seeking government protection against bankruptcy, but now it seems like this step has failed. A Swedish court has rejected a protection and voluntary reorganization plan, citing that it does not believe any steps the automaker makes will help it to recover. Saab is “disappointed” with…
Saab Files for Bankruptcy Protection
Another week and another sob story regarding Saab. The troubled automaker has just applied for protection from creditors, and is trying to avoid the bankruptcy petition made by the unions. A once thriving manufacturer that made fighter aircraft, trucks and automobiles, the auto division of this 65 year-old company has been struggling ever since General…
‘Mean Green’ Volvo Hybrid Transport Truck Drag Races a Ferrari [Video]
Can a Volvo transport truck beat a Ferrari in a drag race? Not unbelievable enough for you? Then let’s make the Volvo a hybrid too. OK, so this Volvo isn’t exactly capable of hauling any loads down the Motorväg, but it still makes for an exciting comparo… or at least it did until we found…
Saab 9-3 May Get New Name, From Old Model
Typically a Saab news story nowadays is either to do with financial woes or plant shut downs, however, thanks to the company’s recent injection of investor cash, both these issues will be dealt with by the end of August. With plans to move forward, Saab is now talking about the future, with an eye on…
Volvo City Safety Dramatically Reduces Accidents: Study
Volvo is living up to its reputation for being a leader in safety, with a new report shedding light on exactly how big an impact the brand’s new City Safety collision avoidance system is having. According to a study published by the Insurance Institute for Highway Safety (IIHS) and the Highway Loss Data Institute (HLDI),…
Saab Drama Continues, Production Halted Until August 9, 2011
Another week and another episode in the Saab drama is upon us. Now news comes that this ailing Swedish brand has halted production on building any new cars until Aug. 9, 2011. The delay is caused by suppliers, who want Saab to clear its debt with them before they provide any further parts. Saab has…
Saab 9-1 and Two Other Models Get Green Light as Chinese Joint-Venture Signed
Having just signed a deal with two Chinese partners, Saab chief Victor Muller has immediately shown he knows how to work the media. Rather than sit quietly, Muller has already announced plans to build three new models, while a new joint-venture arrangement secures medium-term funding for the production of Saabs current lineup. Two of the…
Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms
According to an official release by Saab Automobiles, Russian businessman Vladimir Antonov is still very much interested in pour money into the ailing automaker, but was awaiting clearance from the Swedish National Debt Office.
Volvo Drops Wagons, V8s from 2012 Lineup
Volvo has planned several major changes for its 2012 model year lineup in the US. The automaker has discontinued the S40 and V50, after already cutting the V70 earlier in the year. The move is a big change for the Swedish company that built its name on safe and sturdy station wagons. In addition, Volvo…
Saab Signs On Another Distributor in China to Help Stay Afloat
The drama involving Saab is on-going and doesn’t seem to show any signs of slowing down. It seems every time the company starts production, something will cause the production line to stop, whether its money related or parts supply related, and often both. Saab was hoping to have some stability back in their lives after…
Volvo V60 Plug-In Hybrid Coming To U.S.
Volvo CEO Stefan Jacoby announced that the Volvo V60 plug-in hybrid will come to the U.S. by 2014, with one major difference. While the European market V60 will use a diesel-electric hybrid system, the United States will get a gasoline-powered variant. Jacoby said that the V60 has a target U.S. launch date of 2013 or…
Saab Chinese Funding Deal Means Spyker Gets Name Change
As part of Spyker’s capital-raising efforts for its ailing Saab brand, the Dutch automaker is entering into talks with Chinese automotive company Pang Da, and will have to rename itself as Swedish Automobile N.V. as part of the deal. In return, Saab will get a $42 million cash payment, ostensibly to help pay Saab’s substantial…
K-Pax Racing Volvo S60R GT Debuts at Mosport With New Bodystyle
K-Pax Racing debuted its new bodystyle Volvo S60R GT race car at Mosport International Raceway this weekend, but the stunning new sheetmetal wasn’t accompanied by a similar performance. Competing in the fifth and sixth rounds of the SCCA World Challenge series, the new bodystyle car was piloted by series rookie Alex Figge, who managed a…
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…
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)…
