Saab's new saloon debuts in Frankfurt with bold new styling and an all-turbo engine line up
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Saab engineers developed 70 per cent of the new 9-5 and the company has the capability to continue developing new models thanks to the investment General Motors has made in it in recent years.
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With progressive, confident styling and advanced technology, Saab's distinctive new flagship will bring a fresh, alternative choice to the premium saloon segment when it goes on sale in 2010.
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State-run Beijing Automotive Industry Holdings - joint venture partner in Mercedes-Benz and Hyundai car assembly units in China - will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of Saab.
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Swedish newspaper Dagens Nyheter reported that First Auto Works is the Chinese carmaker set to help finance luxury sportscar maker Koenigsegg's planned purchase of Saab Automobile from General Motors.
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Luxury sportscar maker Koenigsegg Automotive has presented the Swedish government with a new plan for financing its purchase of Saab Automobile from General Motors, backed by an unnamed Chinese investor.
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August was another tough month for car sales in Canada. Some may argue that it's a seasonal thing however YOY numbers, GM's Saab division notwithstanding, show considerable drops (in the 20 to 30% range) even for brands that have historically maintained strong numbers through the summer months.
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Swedish firm unveils all-new stylish and practical 9-5
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A long awaited, completely redesigned Saab 9-5 will make its public debut at the Frankfurt show next month.
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Making its public debut at next month's s IAA in Frankfurt, the all new Saab 9-5 sedan announced today signals the start of a new era for the Saab brand. Sleek, sophisticated and unmistakably Saab, it combines stand-out looks with advanced technologies and will bring a fresh alternative choice to the premium sedan segment when sales start later in model year 2010.
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General Motors and the Koenigsegg Group, Sweden's supercar producer, have signed a binding agreement over the sale of Saab Automobile.
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Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab's future. Saab Automobile plans to exit legal reorganization shortly.
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Saab Automobile may win Swedish state guarantees for loans from the European Investment Bank that exceed the SEK4.3bn (US$600m) originally sought according to a report by Bloomberg News.
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General Motors Co., trying to build confidence in the marketplace after a stint in U.S. Bankruptcy Court, unveiled its two-year product plan today. During its 39-day bankruptcy, GM struck deals to sell the Saab, Hummer and Saturn brands.
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North American investor Mark Bishop has sold his 22% stake in Koenigsegg Automotive AB, the luxury car maker which plans to buy General Motors' Saab unit according to the Swedish business daily Dagens Industri.
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North American investor Mark Bishop has sold his 22 percent stake in Koenigsegg, the tiny sports car maker that plans to buy General Motors Co.'s Saab unit, Swedish business daily newspaper Dagens Industri reported on Tuesday.
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North American investor Mark Bishop has sold his 22 percent stake in Koenigsegg, the luxury car maker which plans to buy General Motors Co.'s Saab unit, Swedish business daily Dagens Industri reported on Tuesday.
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North American investor Mark Bishop has sold his 22 percent stake in Koenigsegg, the tiny sports car maker that plans to buy General Motors Co.'s Saab unit, Swedish business daily newspaper Dagens Industri reported on Tuesday.
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