Saab
The following articles have been tagged with "Saab":
US judge rejects Saab bankruptcy lawsuit
Business & Money: 11 Jun 13
A US court has dismissed a $3 billion lawsuit by previous Saab owner Spyker alleging that US auto giant General Motors was responsible for causing the Swedish carmaker's bankruptcy.
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Tie-up with Pipavav puts India on Saab's radar
Business & Money: 28 May 13
Swedish defence contractor Saab is set to invest further in India with its purchase of shares in naval defence company Pipavav, the company announced on Monday.
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Tax probe forces ex-Saab CEO from Vattenfall
Business & Money: 27 May 13
Jan Åke Jonsson, the former head of Saab Automobile who was arrested last week on suspicion of tax crimes, has been asked to leave his post on the board of state-owned power company Vattenfall.
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Former Saab CEO arrested for tax crimes
National: 21 May 13
Jan Åke Jonsson, the former CEO of Saab Automobile, and two top-level colleagues have been detained by police on suspicion of tax crimes.
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New snag for Swiss deal on Swedish jet fighters
Business & Money: 10 Apr 13
The planned purchase by Switzerland of 22 Swedish-made Saab Gripen jet fighters hit a new roadblock on Tuesday when the Swiss parliament halted funding talks amid rumours of a cheaper bid involving used Eurofighter planes.
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Gandhi 'helped Swedes' in India fighter jet bid
Business & Money: 8 Apr 13
A Swedish weapons group reportedly hired the late Indian Prime Minister Rajiv Gandhi to secure a fighter jet deal to India in the 1970s, reveal diplomatic cables released by WikiLeaks.
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Sweden sanguine at Swiss jet purchase delay
Business & Money: 6 Mar 13
The decision by the upper chamber of the Swiss parliament not to release funds for the purchase of new JAS Gripen fighter jets from Sweden has renewed doubt about the deal.
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Russia mocks Sweden's lack of military might
Politics: 1 Mar 13
Russians have seized on statements by the top Swedish military commander about Sweden's limited capacity to defend itself, responding with an Abba-inspired satirical jab broadcast on national television.
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Defence deal greenlights fighter jet upgrade
Business & Money: 15 Feb 13
Swedish defence company Saab has struck a 47 billion kronor deal with the country's air force to develop the Jas Gripen E fighter jet, the same model marketed to Switzerland.
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Job centre berated for 'lacklustre' Saab effort
Business & Money: 14 Feb 13
With one in five former Saab employees still out of work, the Swedish Public Employment Service has come under fire for lacklustre attempts at helping them find new employment after the Sweden-based carmaker went bankrupt in 2011.
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Swedish pilot risks drop after 'Top Gun' stunts
Society: 19 Jan 13
A Swedish pilot who performed dangerous 'barrel' rolls in a Jas Gripen fighter aircraft stands to lose his job with the Armed Forces.
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Swedish arms in Burma 'arrived via India'
Politics: 13 Dec 12
The Swedish anti-tank rifles that ended up in the hands of Burmese soldiers in breach of European Union sanctions were originally exported to India, Sweden's trade minister said on Thursday.
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Probe launched into Swedish arms in Burma
Politics: 12 Dec 12
The Swedish export control agency announced on Wednesday that it would be launching an investigation to determine how Swedish-designed weapons ended up in the hands of Burmese rebels.
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Swedish weapons used in Burmese fighting
Business & Money: 11 Dec 12
Burmese rebels have gained access to Swedish-designed weapons after government forces reportedly left them behind following conflict in the mountains of the country's far north.
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Swiss to pay less than Swedes for Gripen jets
Business & Money: 10 Dec 12
Switzerland is set to pay a much lower fee than Sweden itself for the 22 fighter jets it intends to buy from Saab, Swiss radio announced on Sunday.
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One woman makes Sweden's power top-ten
Politics: 23 Nov 12
Only one woman, Enterprise Minister Annie Lööf, has made it into an annual top-ten list of the most powerful Swedes.
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Two injured in Karlskoga weapons factory blast
Business & Money: 2 Nov 12
Two men were taken to hospital on Thursday afternoon after an explosion in a factory manufacturing military materiel in central Sweden, where some gunpowder suddenly ignited.
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Spyker, Saab lawsuit rejected by GM
Business & Money: 30 Sep 12
US carmaker General Motors has denied any criminal wrongdoing in the bankruptcy of Swedish carmaker Saab, calling on US authorities to throw out a lawsuit filed by Dutch carmaker Spyker which is seeking $3 billion in damages.
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Saab logo left out as new model announced
Business & Money: 3 Sep 12
The new owners of bankrupt Swedish automaker Saab plan to launch their first model in 2014, they announced on Monday, and while the cars can be called Saabs, they will lack the brand's famed griffin logo.
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Runaway drug smuggler caught after eight years
National: 29 Aug 12
A 36-year-old convicted drug smuggler who fled prison in Sweden in 2004 by feigning illness has been caught in Spain after a massive international man hunt that lasted eight years.
READ »
Swiss will press on with Swedish fighter jet deal
Business & Money: 22 Aug 12
Switzerland intends to press ahead with its controversial purchase of 22 Swedish JAS Gripen fighter jets, despite a highly critical parliamentary report into the deal released on Tuesday.
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New Saab owners will not get rights to logo
Business & Money: 16 Aug 12
Truck maker Scania announced Thursday that the new owners of Saab will not get the rights to the iconic Saab logo.
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Saab owner makes $3bn claim against GM
Business & Money: 6 Aug 12
Saab owner Spyker filed a three billion dollar claim against General Motors on Monday stating that GM took part in "unlawful actions" which led to the Swedish car manufacturer's bankruptcy last year.
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‘Super-Jas’ costlier than expected: report
Business & Money: 27 Jul 12
The Swedish Armed Forces will have to cut back on billions of kronor by next year to afford putting the new super jet JAS Gripen into production, according to a report in Swedish media.
READ »
Almedalen reflections: more English, please
Analysis & Opinion: 13 Jul 12
With the 2012 installment of Almedalen having come and gone, correspondent and commentator David Linden reflects on what makes the event so Swedish and why having more in English might not be such a bad thing.
READ »
Sweden to lend Gripen fighters to Switzerland
Business & Money: 29 Jun 12
Sweden is willing to lend a fleet a Gripen fighter jets to Switzerland ahead of the delivery of the next generation of the aircraft, the Swiss defence minister announced on Friday.
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'Cars will be built in Trollhättan': Saab buyers
National: 13 Jun 12
National Electric Vehicle Sweden (NEVS), the new buyers of Saab, said on Wednesday that they want to continue to build cars in Sweden and that they will be taking on new staff.
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Saab bought by electric car consortium
Business & Money: 13 Jun 12
Bankrupt Swedish automaker Saab has been bought by National Electric Vehicle Sweden (Nevs) as administrators and the company reached an agreement on Wednesday.
READ »
Saab Automobile deal 'complete': report
Business & Money: 7 Jun 12
The sale of assets of bankrupt Swedish automaker Saab is complete, according to Swedish media reports, with a Swedish electric car consortium rumoured to be the main buyer.
READ »
Saab CEO 'spied upon' during Swiss Gripen talks
Business & Money: 25 May 12
The CEO of Swedish defence contractor Saab claimed on Friday his phone had been bugged during talks with Switzerland about Saab's sale of 22 Gripen fighter jets.
READ »
Swedish union plea to Obama: 'help save Saab'
Business & Money: 14 May 12
Swedish union IF Metall has written a letter to US president Barack Obama about bankrupt Swedish automaker Saab, hoping for a similar result to the General Motors bailout of 2009.
READ »
'Chinese Saabs' soon to hit showrooms: report
Business & Money: 8 May 12
The Chinese version of the old Swedish Saab 9-5 has come far enough in development that manufacturers are saying it will make the cardealerships' floors at the end of the year.
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Saab fans buy last car off the production line
Business & Money: 5 May 12
Saab enthusiasts have confirmed that they have collected the funds required to purchase the last Saab 9-3 manufactured in the now defunct Saab factory in Trollhättan in western Sweden.
READ »
China's Youngman bids anew for Saab: report
Business & Money: 17 Apr 12
Chinese automaker Youngman has offered to buy bankrupt Swedish carmaker Saab for 3.2 billion kronor ($470 million) and invest more money to restart production in Sweden, according a Swedish media report
READ »
Saab trustees declare multi-billion kronor debt
Business & Money: 10 Apr 12
Saab has a staggering 13 billion kronor ($1.92 billion) in outstanding debts, trustees declared on Monday, as the assets of the bankrupt Swedish automaker go under the hammer on Tuesday.
READ »
Saab to defence clients: 'See first - Kill first'
Business & Money: 9 Apr 12
An aggressive marketing campaign from Swedish defence firm Saab is extolling the virtues of weapons that help users to ”see first – kill first” and can be adjusted to focus specifically on ”soft targets”.
READ »
Saab 'rewarded' official who drafted Saudi deal
Politics: 7 Apr 12
After the resignation of Sweden’s defence minister over a military deal with Saudi Arabia, critics have baulked at revelations that senior civil servants and a former government minster had switched to jobs with defence firm Saab.
READ »
Brazil close to jet fighter decision: minister
Business & Money: 1 Apr 12
Brazil is in the "final chapters" of making a decision to award a lucrative jet fighter deal, the defence minister Celso Amorim said on Saturday, with Sweden's Saab among those still in the running for the tender.
READ »
Sexy Volvo, clever Saab, and Swedish massage
Lifestyle: 13 Mar 12
The Local catches up with James May, host of the hit British car show Top Gear, to learn which Swedish cars are driven by yummy mummies, why he opted not to buy Saab for £1 and his stance on the elk-moose debate.
READ »
Swedish military 'sold' arms to Saudi Arabia
Business & Money: 12 Mar 12
Much of the Swedish weaponry sold to Saudi Arabia in recent years actually came from the Swedish Armed Forces, according to a new report.
READ »
Indian automaker places bid for Saab: report
Business & Money: 6 Mar 12
Indian carmaker Tata Motors have placed a bid for bankrupt Swedish Saab Automobile, according to a financial paper report citing unamed sources close to the deal.
READ »
'Sweden needs 60-80 new fighter jets': military
Business & Money: 1 Mar 12
Sweden will need 60-80 new Gripen fighter jets in order to replace its ageing fighter fleet, Swedish military said on Wednesday, handing a report to the government flagging for a replacement scheme to begin in 2020.
READ »
Turkish firm pulls Saab bid over GM 'rebuff'
Business & Money: 28 Feb 12
A bid by Turkish private equity firm Brightwell Holdings to buy bankrupt Swedish carmaker Saab has been withdrawn over frustration with former Saab owner GM.
READ »
Saab climbs on new list of global arms dealers
Business & Money: 27 Feb 12
Swedish defence contractor Saab has moved up in a ranking of the world's 100 largest defence companies published Monday by a Stockholm-based think tank which found global arms sales increased to $411.1 billion in 2010.
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Volvo Cars makes bid for bankrupt Saab: report
Business & Money: 23 Feb 12
Swedish automaker Volvo Cars has placed a bid for large parts of its bankrupt counterpart Saab Automobile.
READ »
Youngman makes new Saab offer: owner
Business & Money: 20 Feb 12
Chinese company Youngman has made a new offer to the administrators for the bankrupt Swedish car-maker, confirmed the founder and owner of Youngman, Pang Qingnian, on Monday.
READ »
Saab shares dive despite strong 2011 report
Business & Money: 10 Feb 12
Swedish defence group Saab on Friday reported a major boost in earnings for 2011 thanks to winning several major contracts, but a drop in orders left investors jittery, sending Saab's stock price down nearly 10 percent.
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Saab to cut Swiss Gripen fighter price: report
Business & Money: 8 Feb 12
Swedish defence group Saab have announced that it will cut the price on its Gripen fighter jet to secure its Swiss order after a threat by French planemaker Dassault to undercut them.
READ »
Several bids for Saab: administrator
Business & Money: 7 Feb 12
Several companies are interested in buying Saab, confirmed the bankrupt Swedish carmaker's administrators on Tuesday, while currently unwilling to disclose the identities of the bidders.
READ »
New bidder in the Saab saga shows its hand
Business & Money: 3 Feb 12
Less than 24 hours after Chinese firm Youngman reportedly placed a bid for Saab, another interested party has apparently joined the race to snap up the bankrupt carmaker.
READ »
'Multi-billion-kronor' bid for bankrupt Saab: report
National: 2 Feb 12
Chinese automaker Youngman has made an offer to buy bankrupt Swedish automaker Saab, according to Swedish media reports.
READ »
Five buyers 'seriously interested' in Saab
Business & Money: 30 Jan 12
As many as five companies have expressed a strong interest in purchasing bankrupt Swedish automaker Saab, a bankruptcy administrator said on Sunday.
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Saab museum saved by Wallenberg millions
Business & Money: 25 Jan 12
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.
READ »
Saab administrator: 'the patient is dead'
Business & Money: 22 Jan 12
Saab's bankruptcy administrator said at a press conference on Saturday that the company "is a patient who has long bled to death and the brutal truth is that the patient is dead", but retained hope that a buyer could be found.
READ »
Celebrate the 'Year of the Dragon' in Stockholm
Lifestyle: 20 Jan 12
As Chinese people around the world prepare for the start of the 'Year of the Dragon', a Stockholm museum is doing its part to celebrate the Chinese new year in the Swedish capital.
READ »
Volvo wagon Sweden's 'biggest film star'
Society: 20 Jan 12
When naming the Swedish model most often seen on the silver screen, many might guess Greta Garbo. But the correct answer is actually the rather unassuming Volvo 240 station wagon, according to a new ranking.
READ »
Saab auctions off classic museum models
Business & Money: 18 Jan 12
A piece of James Bond history will soon go under the hammer in Sweden, when bankrupt car company Saab is auctioning off the rare, collectable and classic cars on display in the Saab museum.
READ »
Saab unions unhappy with bankruptcy receivers
Business & Money: 9 Jan 12
Cash-strapped carmaker Saab’s four unions are unhappy with the appointed bankruptcy receivers but said on Monday that having them changed "would not help the situation".
READ »
‘Turkish Saab’ would stay in Trollhättan: report
Business & Money: 5 Jan 12
If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker.
READ »
What's going to happen in Sweden in 2012?
Analysis & Opinion: 30 Dec 11
With 2012 just around the corner, The Local wants to to hear from readers about what they think will be making news in Sweden in the year ahead.
READ »
Sweden's five biggest news stories of 2011
Analysis & Opinion: 29 Dec 11
As 2011 draws to a close, The Local looks back at some of the stories that dominated headlines in Sweden in the past year.
READ »
Used Saabs hot property
Business & Money: 25 Dec 11
Although 2011 may have ended on a sour note for Saab employees, as the year draws to a close, the cars have suddenly become hot property again for bargain hunters and collectors.
READ »
Saab's US unit hopes to avoid bankruptcy
Business & Money: 22 Dec 11
Saab's North American division is trying to stay solvent in a bid to maintain warranties, while a Swedish insurance company has said it will cover warranty costs for Saab owners in Sweden following the Swedish automaker's bankruptcy.
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Expert: Saab's independent streak 'the beginning of the end'
Business & Money: 21 Dec 11
Decisions by former Saab owner General Motors weren't the cause of the Swedish automaker's bankruptcy, according to a new study, which also found that former Saab management is partly to blame.
READ »
Turkish ambassador: Saab CEO called us
Business & Money: 20 Dec 11
Turkey's ambassador in Stockholm on Tuesday denied reports that her country was interested in purchasing Saab Automobile, claiming Saab CEO Victor Muller had sought a meeting in a last ditch effort to save the company from bankruptcy.
READ »
Muller: Saab bankruptcy 'the darkest day'
National: 19 Dec 11
A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”.
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Saab hits bankruptcy 60 years after a flying start
Lifestyle: 19 Dec 11
Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the unprofitable Swedish automaker 60 years after the aircraft manufacturer started making cars.
READ »
'We can bounce back': Trollhättan politician
Business & Money: 19 Dec 11
Hours after the announcement that Swedish automaker Saab has filed for bankruptcy, local politicians in Saab's base in Trollhättan in western Sweden as well as Saab dealers are keeping a brave face.
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Saab files for bankruptcy
Business & Money: 19 Dec 11
After months of teetering on the brink, Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand.
READ »
GM 'won't support' new plans to save Saab
Business & Money: 17 Dec 11
General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy.
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Saab limps along after new Chinese payout
Business & Money: 13 Dec 11
The first share of the money promised to Saab by Chinese Youngman has arrived into the cash-strapped carmaker's accounts, according to company representatives.
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Saab to file for bankruptcy: report
National: 12 Dec 11
Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media.
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Lift Saab's bankruptcy protection: administrator
Business & Money: 7 Dec 11
The court-appointed administrator charged with overseeing Saab's restructuring has petitioned a court to lift the beleaguered Swedish carmaker's bankruptcy protection, Saab Automobile confirmed on Wednesday.
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Saab juggles Chinese suitors 'to please GM'
Business & Money: 5 Dec 11
Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been described as a bid to appease previous owner US General Motors.
READ »
Sweden should develop 'super jets': MPs
Business & Money: 1 Dec 11
If the Swiss purchase of the fighter Jas Gripen goes through, Sweden should develop ten new advanced E/F model "Super-Jas", according to a proposal by the Riksdag's defense committee.
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Swiss pick Saab's Gripen fighter
Business & Money: 30 Nov 11
The Swiss government on Wednesday confirmed their intention to purchase 22 Swedish Saab Gripen Fighter jets, choosing the less expensive Swedish plane over the Eurofighter or the Rafaele.
READ »
Volvo to add 10,000 staff: CEO
Business & Money: 28 Nov 11
Swedish automaker Volvo, owned by China's Zhejiang Geely, plans to hire a further 10,000 new staff in the coming years, its chief executive said in an interview to be published Monday.
READ »
Saab backer Antonov released on bail
Politics: 26 Nov 11
Russian financier and former Saab-speculator Vladimir Antonov was released on bail by a British court on Friday, following his arrest in London on suspicion of fraud.
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Saab backer Antonov held in London: report
Business & Money: 25 Nov 11
Russian financier and once prospective buyer of cash-strapped Swedish carmaker Saab, Vladimir Antonov, has been detained in London, on suspicion of embezzling money from a Lithuanian bank.
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Saab backer Antonov suspected of fraud
Business & Money: 23 Nov 11
Lithuanian prosecutors have issued a European arrest warrant for the Russian financier and Saab backer Vladimir Antonov on suspicion of fraud and money laundering.
READ »
Saab – what is a Swedish car anyway?
Business & Money: 21 Nov 11
The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand.
READ »
Saab takeover talks go on as deadline passes
Business & Money: 16 Nov 11
Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said.
READ »
GM threat to Saab sale 'regrettable': minister
Business & Money: 8 Nov 11
The Swedish government has described as unfortunate a statement by General Motors this week threatening to block the transfer of technology licences if two Chinese companies buy Saab.
READ »
Ten Swedish brands everyone should know
Lifestyle: 8 Nov 11
While Ikea, H&M, and Ericsson are all well known Swedish brands, here's a list of ten more products and brands from the land of the midnight sun that any self-proclaimed Swedophile should also know.
READ »
GM halts sale of Saab to Chinese firms
Business & Money: 7 Nov 11
US automaker General Motors (GM) has put the brakes on the planned purchase of Sweden's Saab by two Chinese carmakers over concerns about technology licensing.
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General Motors mulls blocking Saab sale
Business & Money: 6 Nov 11
US automaker General Motors said Saturday that it may block the sale of Saab to two Chinese companies, citing concerns of its supplier relationship to the insolvent Swedish carmaker.
READ »
Chinese officials support Saab deal 'in principle'
Business & Money: 1 Nov 11
A Chinese minister said Tuesday his government supported “in principle” plans by Chinese automakers Pang Da and Youngman to purchase troubled Swedish automaker Saab Automobile.
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Chinese firms reveal Saab profit ambitions
Business & Money: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, have stated that the firm will turn a profit no later than 2014, according to an ambitious plan laid out on Monday.
READ »
Chinese firms to invest 'billions' in Saab
National: 31 Oct 11
Chinese automakers Pang Da and Youngman, the new owners of Sweden's Saab, plan to pump some 7.5 billion kronor ($1.16 billion) into the firm, with 2 billion kronor earmarked for Trollhättan.
READ »
'Cautious optimism' over Saab's second escape from bankruptcy
Analysis & Opinion: 28 Oct 11
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain, the AFP's Nina Larsson explains.
READ »
'The deal was crucial for Saab': expert
National: 28 Oct 11
In the wake of the news that Saab will be bought by Chinese firms Pang Da and Youngman, The Local spoke to business expert Mikael Wickelgren
of the University of Gothenburg to get some perspective on what this means for the cash-strapped carmaker.
READ »
Chinese firms in deal to buy Saab Automobile
Business & Money: 28 Oct 11
Chinese automakers Pang Da and Youngman have agreed to purchase Saab Automobile, according to a statement issued Friday by Saab owner Swedish Automobile.
READ »
Chinese firms stand by Saab bail-out deal
Business & Money: 25 Oct 11
The two Chinese companies pledged to bail out cash-strapped carmaker Saab said on Tuesday that they are still onboard, despite the announcement by owner Swedish Automobile that the deal was off.
READ »
Saab pulls plug on China funding deal
Business & Money: 24 Oct 11
Saab owner Swedish Automobile said on Sunday it had terminated a financing deal with the two Chinese firms, seen by many as the only hope of keeping the cash-strapped Swedish carmaker out of bankruptcy.
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Saab CEO rebuffed Chinese purchase bid
Business & Money: 21 Oct 11
Saab CEO Victor Muller rejected an offer by Chinese investors to buy the troubled Swedish automaker outright, throwing a spanner in previous funding agreements and threatening the company's reorganisation bid.
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Saab restructuring process in danger
Business & Money: 20 Oct 11
The restructuring of Saab could be called off after the company's administrator Guy Lofalk on Thursday applied for the process to be halted, according to a statement from Swedish Automobile (SWAN).
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Pang Da: Saab comment 'a misunderstanding'
Business & Money: 12 Oct 11
Chinese firm Pang Da and Sweden's Saab have issued a joint statement to clarify that the contract between the firms is valid, stating that prior comments to the contrary were due to a "misunderstanding".
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Volvo's Chinese owner interested in Saab: report
Business & Money: 6 Oct 11
China's Geely, owner of Volvo Cars, has indicated an interest in acquiring a stake in troubled Swedish automaker Saab Automobile, according to media reports.
READ »
Saab to reshuffle board, save company
Business & Money: 1 Oct 11
In the latest chapter of the long running Saab saga, the management of Swedish Automobile has called an extraordinary general meeting next month to discuss restructuring the board of directors.
READ »
Brazil fighter jet deal 'urgent': minister
Business & Money: 30 Sep 11
Brazil's defence minister has said that the country has an "urgent´" need of new combat aircraft, reigniting renewed speculation about a multi-billion-dollar deal potentially involving Swedish Saab's Gripen NG.
READ »
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