swedish cars
Report: 2011 Saab 9-5 to Debut in Frankfurt with 300hp Turbocharged V6
Saab has just released a selection of new photos, as well as a new information on its upcoming next-generation 9-5 flagship. The Swedish automaker has also confirmed that the new model will debut at the Frankfurt Auto Show next month. In total, the 9-5 will be offered with five different engines, all of which will…
Report: GM Signs Over Saab to Koenigsegg
General Motors has signed an agreement to sell off its Swedish Saab unit to the Koenigsegg Group. Led by supercar maker Koenigsegg, the group includes several additional investors. The deal will see the Koenigsegg Group take a 100 percent stake in Saab. In a statement Koenigsegg Group CEO Christian von Koenigsegg said that the group…
Report: Volvo to Debut Electric C30 in Frankfurt
Volvo will show an all electric version of its entry-level C30 hatchback at the Frankfurt Auto Show this September. News of the expected unveiling comes from the U.S.’s AutoCar, saying that the model will be displayed and driven at the Innovation for Life event, which will take place shortly after the auto show. Interestingly, Volvo…
Leaked: 2011 Saab 9-5 Photos
After a considerable amount of secrecy surrounding the next generation Saab 9-5, it seems as though the cat is finally out of the bag. Two German publications (Autobild and Autozeitung) have published what appear to be official Saab press photos of the 2011 9-5. Normally a new Saab doesn’t get much attention, but with the…
Volvo Releases XC60 R-Design Edition
Volvo has just announced that it will offer an R-Design version of the new XC60 crossover. Officially set to debut at the Frankfurt Auto Show this September, the package includes a long list of exterior and interior features, as well as a sportier ride. Outside the R-Design model gets a new “silk metal” finish for…
GM Announces Official Yet Tentative Deal to Sell Saab to Koenigsegg
General Motors has officially announced it has reached a tentative deal to sell its Swedish Saab brand to a group of companies lead by Swedish supercar-maker Koenigsegg. The deal will see the Koenigsegg group receive $600 million in funding from the European Investment Bank, which has been guaranteed by the Swedish government. GM will provide…
GM Green-Lights Koenigsegg to Buy Saab
General Motors has made the surprising decision to sell its Saab brand to Swedish supercar maker Koenigsegg. The move comes as such a shock because the two other final bidders were wealthy and mainstream American entities: the Wyoming investment group Merbanco and U.S. billionaire Ira Rennert’s Renco Group. Koenigsegg, on the other hand, is a…
Saab Buyers Now Down to Just Two
It seems like there is a new update in the Saab and Saturn sell-off every day… so why stop now. Yesterday we reported that the list of Saab buyers was down to three and now that list has been shortened to just two suitors. Saab CEO Jan-Ake Jonsson told Swedish business paper Dagens Industri that…
Volvo Planning Plug-In Diesel Hybrid for 2012
In 2007 Volvo partnered with Swedish energy company Vattenfall to examine ways to work together and now the duo has agreed to develop a plug-in diesel hybrid for production by 2012. This summer Volvo will unveil three initial test vehicles based on the V70 wagon. “We are investing in an industrial joint venture to series-produce…
Koenigsegg In the Running to Buy Saab?
In a surprising move, a potential buyer for Saab has been found from the company’s home country. Nope… note Swedish automaker Volvo, but Swedish supercar maker Koenigsegg. The news comes from the newspaper Dagens Industri and is so surprising because of Koenigsegg’s mass-market obscurity. Koenigsegg has, however, made a success out of its supercar business,…
Next Saab 9-5 So Good, GM CEO Fritz Henderson Doesn’t Want to Sell Swedish Automaker
Apparently General Motors CEO Fritz Henderson thinks the upcoming Saab 9-5 is so good, he doesn’t want to sell the Swedish automaker. In an interview in Sweden’s Expressen magazine he declares that he’d rather see Saab fail in bankruptcy court than sell off the brand. The magazine cites an unnamed source within Saab, who says…
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