Sweden edition

Saab

The following articles have been tagged with "Saab":

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. READ »

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. READ »

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. READ »

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”. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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. READ »

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). READ »

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". READ »

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 »

Court approves Saab's bankruptcy protection bid

Business & Money: 21 Sep 11
The Court of Appeal for Western Sweden has approved Saab's request for protection from creditors while it carries out a business reconstruction. A lower court had previously rejected the request. READ »

Third union demands Saab bankruptcy

National: 21 Sep 11
IF Metall on Tuesday became the third trade union to ask a court to place cash-strapped carmaker Saab in bankruptcy in order to secure wages for its members. READ »

Appeals court to review Saab reconstruction

Business & Money: 19 Sep 11
The Swedish court of appeals has agreed to review the application from beleaugered Saab Automobile to undergo reconstruction, an application which was previously rejected by a lower court. READ »

Unions file bankruptcy petition against Saab

Business & Money: 12 Sep 11
Two Swedish labour unions have filed a request to force troubled automaker Saab into bankruptcy, the Unionen labour group said in a statement on Monday. READ »

'No salary cash at Saab': Muller

Business & Money: 10 Sep 11
Saab Automobile CEO Victor Muller proclaimed on Friday that Saab has the money to pay employee wages, but can't do so because of debts. Muller has now made a u-turn - there is no cash to pay the wages - at least not at Saab. READ »

Saab to appeal creditor protection rejection

Business & Money: 9 Sep 11
Saab will appeal a Swedish court decision to reject the automaker's request for bankruptcy protection, parent company Swedish Automobile announced on Friday. READ »

Swedish court rejects Saab restructuring

Business & Money: 8 Sep 11
Vänersborg district court in western Sweden has rejected beleaguered carmaker Saab Automobile's applications for business restructuring. Chairperson and CEO Victor Muller responded by declaring the firm's intention to appeal. READ »

Crisis-hit Saab files for bankruptcy protection

Business & Money: 7 Sep 11
Swedish automaker Saab Automobile has applied for bankruptcy protection as it continues to battle mounting debts, according to a press release from owners Swedish Automobile. READ »

Saab owner's losses increase ten-fold

Business & Money: 1 Sep 11
Swedish Automobile, the owner of beleaguered automaker Saab, on Wednesday announced a massive loss for the first half of the year and was still hunting for funds to restart production. READ »

Saab bonuses upheld despite crisis

Business & Money: 27 Aug 11
Despite the ongoing crisis surrounding Saab no action will be taken over payouts and bonuses paid to shareholders, following a government audit. READ »

Saab postpones report as pay doubts remain

Business & Money: 26 Aug 11
Saab Automobile, the owner of cash-strapped Swedish car maker Saab, has decided to postpone the presentation of its interim report as problems regarding the payment of staff wages persist. READ »

Saab staff face new paycheck delay

Business & Money: 23 Aug 11
Employees at troubled Swedish automaker Saab may see their wages delayed for the third month in a row as Sweden's debt collection agency threatens to empty the company’s bank accounts. READ »

Swedish dealers to stop selling Saabs

Business & Money: 22 Aug 11
Several Swedish dealerships have decided to pull Saab cars from their showrooms as debt collectors continue to investigate the troubled Swedish automaker and employees face continued uncertainty about their next paycheck. READ »

Board raised pay while Saab stood still: report

Business & Money: 18 Aug 11
While the cash strapped carmaker Saab’s production lines stood still the board of directors from mother company Swedish Automobile had a pay increase, according to Swedish media reports. READ »

New share issue to help raise quick cash for Saab

Business & Money: 15 Aug 11
The owner of troubled Swedish automaker Saab announced on Monday it planned to issue four million new shares via a deal with US-based GEM Global Yield Fund Limited. READ »

Swedes develop sci-fi style car test site

Science & Technology: 12 Aug 11
A Swedish company has become the first in the world to develop a so-called active safety test site, which it is hoped will ultimately drastically reduce the number of car accidents. READ »

Saab unions demand answers from CEO

Business & Money: 10 Aug 11
Saab CEO and sole director, Victor Muller, will meet Wednesday with representatives of the four unions at its factory in Trollhättan in western Sweden, who are seeking answers as to how the company will ensure that wages are paid. READ »

Saab investors line up new meeting - reports

National: 6 Aug 11
Employees at beleaguered car maker Saab are cautiously optimistic after receiving their salaries for July this week and the news that further talks with Chinese Pang Da could take place over the weekend. READ »

Saab staff to be paid after new share issue

Business & Money: 3 Aug 11
Employees at troubled Swedish automaker Saab are finally set to get paid salaries for July after Swedish Automobile, the troubled carmaker's Dutch owner, announed Wednesday it was issuing new shares. READ »

No news from Saab as worker discontent mounts

Business & Money: 1 Aug 11
Five days after Saab employees learned they wouldn't receive their salaries for July, the troubled Swedish automaker has yet to update workers about the situation as union members take steps to force the company into bankruptcy. READ »

Saab bribes probe re-opened in South Africa

National: 31 Jul 11
Following Swedish defence group Saab's admission last month that it paid millions in bribes to secure an arms contract in South Africa, police in that country have re-opened a probe into the controversial deal. READ »

Antonov can't be an owner in Saab: EIB

Business & Money: 29 Jul 11
Russian tycoon Vladimir Antonov cannot be an owner of Swedish carmaker Saab according to conditions of the European Investment Bank (EIB) loan that helped keep the company afloat, the bank confirmed on Thursday. READ »

Thieves steal Saab, 70-year-old woman

Society: 28 Jul 11
When thieves decided to steal a Saab 9-5 from a highway rest stop in southern Sweden, a 70-year-old woman in the backseat found herself taken along for the ride. READ »

Replace Muller as Saab CEO: local politician

Business & Money: 27 Jul 11
Victor Muller should be replaced as CEO of Saab, a local Swedish politician has argued followed the latest twist in the ongoing cashflow crisis at the beleaguered Swedish car firm. READ »

Saab staff set to receive no pay

Business & Money: 26 Jul 11
White-collar staff at cash-strapped Swedish carmaker Saab Automobile will not receive their salaries due on Wednesday, the firm has confirmed in a statement. READ »

Saab plans to replace EIB loan to ease Antonov takeover: report

Business & Money: 25 Jul 11
Saab Automobile has plans to replace a 2.2 billion kronor ($346.6 million) loan facility from the European Investment Bank, allowing Russian businessman Vladimir Antonov to step in as owner, according to Swedish media reports. READ »

Saab subsidiary avoids bankruptcy

Business & Money: 22 Jul 11
Saab subsidiary Saab Automobile Tools has avoided collapse after reaching an agreement with a supplier which had earlier on Friday applied for the firm to be declared bankrupt. READ »

Supplier applies for Saab subsidiary bankruptcy

Business & Money: 22 Jul 11
A supplier to Saab subsidiary Saab Automobile Tools has applied for the firm to be declared banktupt. READ »

Saab suppliers seek Antonov contact

Business & Money: 20 Jul 11
Suppliers to cash-strapped Swedish car maker Saab have tired of the ongoing financing uncertainty and have sought direct contact with Russian financier and would-be Saab investor Vladimir Antonov. READ »

Fresh questions raised over Saab finances

Business & Money: 13 Jul 11
The future of cash-strapped Swedish automaker Saab remains uncertain after doubts emerged over the finances of potential investor Vladimir Antonov and the revelation that the company has substantial tax debts. READ »

Swedish government approves Saab deal

Business & Money: 7 Jul 11
The Swedish government has approved Saab’s property sale, according to a statement issued from the ministry for enterprise and energy on Thursday. READ »

National Debt Office approves Saab deal

Business & Money: 5 Jul 11
The Swedish National Debt Office announced its decision to approve Saab's request to sell a large part of their shares on Tuesday. READ »

Saab's property deal approved by EIB

Business & Money: 4 Jul 11
On Monday the European Investment Bank (EIB) announced its approval Saab’s property sale, which will give the company the much needed cash-injection it sought to acquire through the sale. READ »

June figures dip in strong auto market

Business & Money: 1 Jul 11
In June there were 27,485 new cars registered in Sweden, a drop by 2.8 percent compared to the same month last year, according to industry organisation Bil Sweden. READ »

Saab: production to resume in two weeks

Business & Money: 30 Jun 11
Cash-strapped Swedish carmaker Saab Automobile is hopeful of restarting frozen production lines within two weeks after receiving orders totalling 10,000 vehicles. READ »

Saab secures short term funding, pays wages

National: 29 Jun 11
Saab's owner Swedish Automobile announced Wednesday it had secured more short-term funding with a 25-million-euro ($36-million) loan and that it has started paying out staff's salaries for June. READ »

Saab cash boost after property sale

Business & Money: 28 Jun 11
Saab has signed an agreement to sell 50.1 percent of the shares in its property arm for 255 million kronor ($40 million), providing much needed cash for the crisis-hit Swedish car maker. READ »

Saab to pay staff after new China order

Business & Money: 27 Jun 11
An unnamed Chinese firm has ordered 582 cars from the crisis-hit Swedish car maker Saab in an order worth around €13 million ($18 million) and enabling the beleaguered firm to pay staff salaries. READ »

Muller only member left on Saab board

Business & Money: 27 Jun 11
Saab CEO Victor Muller is the only member left on the board of directors of the troubled Swedish automaker after the departure of several board members in recent days. READ »

Factory sale may hold key to Saab's future

Business & Money: 25 Jun 11
Talks will continue over the weekend between Saab automobile and real estate company Hemfosa in the latest bid to save the ailing car maker. READ »

Holding back wages 'last resort': experts

National: 23 Jun 11
The future of disaster-riddled carmaker Saab doesn’t look bright, according to several analysts, who say that holding back salaries is a company’s very last way out. READ »

Saab lacks funds to pay staff wages

Business & Money: 23 Jun 11
Cash-strapped carmaker Saab won't be able to pay this months wages to its employees, according to a statement from the company. READ »

Saab to staff: go home for two more weeks

Business & Money: 21 Jun 11
Swedish automaker Saab told workers on Monday that its factory in western Sweden would remain idle for two more weeks as the company negotiates with suppliers over repayment plans. READ »

BAE behind South Africa payments: Saab

Business & Money: 16 Jun 11
Swedish defense group Saab on Thursday said an internal probe has revealed that BAE Systems secretly paid millions to ensure South Africa purchased Swedish fighter jets. READ »

'Patience running out for Saab abroad': suppliers

Business & Money: 16 Jun 11
Disgruntled foreign suppliers could prove the stumbling block for disaster-riddled cash strapped Swedish automaker Saab, according to a European association for suppliers. READ »

Agency denies inflating China deal job figures

Business & Money: 13 Jun 11
Invest Sweden, the state agency tasked with attracting foreign investment to Sweden, has denied reports that it inflated figures detailing the number of jobs created by deals it brokered with Chinese companies. READ »

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