Spyker's newly-acquired Saab division is to set up its own Chinese operation "within months" as it looks to establish a foothold in the fast-growing market.
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Saab could build cars in China if its annual volume in the market hits 10,000 units, Victor Muller, chairman of the Swedish brand, said. "We hope to be selling 10,000 cars in China in the next three years," Muller said.
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Saab has so far used up USD165m of its USD550m loan from the European Investment Bank (EIB) as it continues to restructure under new Dutch owners Spyker.
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Spyker wants to secure a platform-sharing partner for Saab's planned new 92 small car before deciding how to fund the project, and hopes to decide on a partner by year-end, CEO Victor Muller said.
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SAAB SUV enters production ahead of late 2010 on sale date.
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Jason Castriota, the U.S. designer known for creating the Ferrari P4/5 and Maserati GranTurismo, will head Saab Automobile's design team to help the Swedish carmaker take on BMW and Audi.
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Jason Castriota, the U.S. designer known for creating the Ferrari P4/5 and Maserati GranTurismo, will head Saab Automobile's design team to help the Swedish carmaker take on BMW and Audi.
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Jason Castriota, the noted designer who created the Ferrari P4/5 and the Maserati GranTurismo, is taking his talents to Saab.
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Jason Castriota, the U.S. designer known for creating the Ferrari P4/5 and Maserati GranTurismo, will head Saab Automobile's design team to help the Swedish carmaker take on BMW and Audi.
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Jason Castriota, the U.S. designer known for creating the Ferrari P4/5 and Maserati GranTurismo, will head Saab Automobile's design team to help the Swedish carmaker take on BMW and Audi.
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Saab will return to marketing this weekend with a blitz for the 9-5 model and may eliminate one-tenth of its dealers to reduce costs.
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The redesigned 2010 Saab 9-5 Aero sedan is big, filled with technology, and designed and engineered to compete with the Audi A6 and the Mercedes-Benz E-class sedans.
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Spyker Cars NV, owner of Saab Automobile, aims to raise annual vehicle sales sevenfold in two years with the new 198,000-euro ($240,000) C8 Aileron model.
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In today's News Brake, Saab talks sharing with BMW, Chevy says Chevy is OK for you and me, and Morgan brings a new car to Pebble Beach ... But Wait, There's More!
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BMW AG and Saab are discussing sharing parts and technology for a new small car the Swedish automaker wants to build, two people familiar with the matter told Bloomberg News.
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BMW AG and Saab are considering sharing parts and technology for a new small car the Swedish automaker wants to build, two people familiar with the matter told Bloomberg News.
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New Saab boss Victor Muller has voiced his concerns over the sale of Volvo by Ford to Chinese carmaker Geely.
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Saab's new owner has told just-auto that the company's new business plan is based on modest volume projections to ensure a return to profitability, but that new products will transform the brand's image and prospects.
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Saab's new owner has told just-auto that the company's new business plan is based on modest volume projections to ensure a return to profitability, but that new products will transform the brand's image and prospects.
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