Trollhättan
Saab Poised to Resume Production, US Sales Possible
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In a little less than two years since it filed for bankruptcy, Swedish automaker Saab is back on track, hoping to restart production later this year.
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…
Saab Secures Some More Funding, Re-Evalutates Its Goals
Somehow, Saab is still alive, clinging to financial solvency with a tenacious refusal to go gentle into that good night. Some good news in its struggle has emerged, however: the troubled company has raised $5.8 million in a deal with GEM Global Yield Fund Limited, securing its funding for the time being. Saab’s Trollhättan plant…
Saab Production Will Remain On Hold For Another Two Weeks
Saab’s ongoing drama will remain at a standstill for another two weeks. Saab’s Trollhattan factory in Sweden, has not produced vehicles for most of April and May because of issues regarding paying suppliers. The factory bounced back in late May, but was quickly forced to stop production when part supplies ran out yet again. “There will be…
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…
