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Business & Money

Saab museum saved by Wallenberg millions

Published: 25 Jan 12 10:20 CET | Print version
Online: http://www.thelocal.se/38716/20120125/

The Saab museum of automobile rarities, which has struggled to find a buyer following the company’s recent bankruptcy, has been saved by a Wallenberg-family trust that wanted the museum to remain intact.

“It feels great! Saab’s cars are a part of Trollhättan’s history and now we’ve saved a bit of Swedish industrial heritage,” Paul Åkerlund, the chair of the Trollhättan municipal council, said in a statement.

The municipality, together with funding from Marcus and Amalia Wallenberg Memorial Fund and defence company Saab AB, have agreed to purchase the museum for 28 million kronor ($4.15 million).

The recently bankrupt Swedish automaker put the museum's 131 rare cars up for public auction last week amid concerns that no one would buy the entire collection.

However, on Wednesday the city announced that a deal had been forged to save the museum and keep it in one piece in Trollhättan.

Related gallery: Saab classics from the museum

“We are truly grateful that these partners saw value in the museum and the cars,” said Åkerlund.

The municipality will pay half the buying price, while Saab AB, and the Wallenberg family, which previously owned the bankrupt Swedish automaker, will pay the remaining half.

The car collection include rarities stretching from the original 1946 Saab prototype, to the Turbo 900 “Silver Beast” – a replica model based on a James Bond car.

“We consider it to be of great significance to preserve the Swedish industrial history,” said Carina Brorman, of Saab AB, in a statement.

“That the collection stays in Sweden and Trollhättan is important for us, the cars are also a part of our company heritage.”

Hans Wibom, head of the Wallenberg trust, stated that the foundation hopes that the museum preservation will make Sweden’s industrial history available to researchers and the public, and will inspire young people to study science.

“The Wallenberg foundation is working to support interest in science, research and education,” he said.

The automobiles in the collection reflect Saab through the ages, and illustrate the company’s innovative and illustrious history. Many are concept cars and prototype models, unregistered on Swedish roads.

Oliver Gee (news@thelocal.se)

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12:32 January 25, 2012 by karex
Good for them!
14:19 January 25, 2012 by BillyB
so much money..

think of all the housing for immigrants that could of been used for, or operations to give women bigger boobs...

but its wasted on some ugly old junk cars...

what is the world coming too
16:06 January 25, 2012 by millionmileman
@billyB

Well I think it's absolutely marvelous! Actually the Wallenbergs did. In October 1943 7,500 Jewish refugee escaped overnight from Denmark to Sweden in fishing boats. Their wellbeing was provided by the Wallenbergs (Raoul's cousins) until the end of the War. During WWII the family had a major financial interest in SAAB, when they were an aircraft company.

Raoul saved thousands of Hungarian Jewish refugees at the 11th hour. Once again they pull off the impossible at the last minute. Because of my utmost respect for the Wallenbergs. Thanks to also SAAB Group and Trollhättan. I am especially happy for Peter Bäckström, the Director of the Museum.

Even the Griffin symbolizes the mythical creature in the book of Ezekiel and was also on the curtain of the Ark of the Covenant. SAAB has someone very powerful looking over its shoulder.

It was the main reason I made SAAB my first and only car. I have now racked up over 3 million miles of aggregate driving in them and drove the 1 millionth mile in my 1989 SPG, during the 40th year behind the wheel. This was my way of saying thanks to a great family, country and car.

http://youtu.be/prvMuCTSvJY Million Mile SAAB
17:42 January 25, 2012 by Gletta
Well Raoul might have done the right thing but some of the others seems to have been cashing in on the Nazis through the Enskilda bank.

Anyway lets hope the museum ups its act a bit now it could be good.
19:25 January 25, 2012 by saabdude
@billyB

Welcome, to another Troll.
17:49 January 26, 2012 by BillyB
some people really do have zero sense of humour and just cannot get a joke.

oh well...
03:45 January 28, 2012 by brentm
This is fantastic news - now the cars will remain together and Saab will not disappear as if it never existed.
06:32 January 28, 2012 by SimonDMontfort
I just knew the warm-hearted Swedes would find a happy solution to this international-issue-of-the-moment. LOL!!
15:29 January 31, 2012 by wyntleonardi
We must Thank the Wallenbeg Foundation for keeping history from being lost. Now we must revive SAAB and help them continue to build great cars. Sweden still sails the great seas once again..... LOL!!
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