Saab

The following articles have been tagged with "Saab":

Investor buys big in defence concern Saab

Business & Money: 5 Mar 10
The Wallenberg-family controlled firm Investor has purchased 11.2 million b-shares, 10.2 percent of the capital, in defence concern Saab. The price tag comes in at 1.1 billion kronor ($150 million). READ »

Saab's Russian backer seeks clean slate

Business & Money: 4 Mar 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars' takeover of Saab, has launched a campaign to clear his name from allegations of money laundering and organised crime. READ »

Saab suppliers recall redundancy notices

National: 24 Feb 10
The completion of the purchase of Saab by Dutch firm Spyker has led to several subcontractors withdrawing notices of redundancy. READ »

Spyker completes Saab deal

National: 23 Feb 10
Spyker and General Motors have completed the final paperwork to seal the Dutch luxury car maker's purchase of Saab Automobile. READ »

'Saab purchase delayed': Spyker CEO

Business & Money: 23 Feb 10
The purchase of Swedish car maker Saab by Spyker, scheduled to be completed on Tuesday, could be delayed by another day, the Dutch firm's CEO Victor Muller said on Tuesday. READ »

Antonov pledges $100 million for Saab deal

National: 19 Feb 10
Vladimir Antonov, the Russian businessman and backer of Spyker Cars, has pledged that he is ready to lend $100 million to the Dutch car maker in order to finance their takeover of Saab. READ »

Russian businessman finances Saab deal

National: 18 Feb 10
Vladimir Antonov, the Russian businessman forced to step aside as a condition of the takeover of Saab by Dutch Spyker, has claimed that his banks have financed the first downpayment to General Motors. READ »

Spyker chief opens door to Russian owner

Business & Money: 16 Feb 10
Spyker CEO Viktor Muller has declared that he would welcome the return of controversial Russian financier Vladimir Antonov to the firm, which recently announced the takeover of Sweden's Saab Automobile. READ »

Defence firm Saab returns to profitability

National: 14 Feb 10
Saab Automobile has been losing money for years. But the separate Saab military products company is posting nice profits, though not quite meeting market expectation. READ »

Spyker chief upbeat as EIB approves Saab loan

National: 12 Feb 10
The European Investment Bank has given the all clear for the completion of a €400 million loan to Saab Automobile. READ »

Saab green light from Spyker shareholders

Business & Money: 12 Feb 10
Spyker's shareholders have given the all clear fro the Dutch luxury car maker to press ahead with the purchase of Saab Automobile from General Motors. READ »

Bildt plugs Swedish fighter on Brazil visit

Business & Money: 12 Feb 10
Swedish Foreign Minister Carl Bildt argued the advantages of the Gripen fighter over rivals from the USA and France while on a visit to the Brazilian capital. READ »

EU approves Sweden's Saab loan guarantee

Business & Money: 8 Feb 10
The EU's competition watchdog has approved the Swedish government's intention to guarantee a European Investment Bank (EIB) loan to automaker Saab. READ »

Saab dealers: we'll help pay for Spyker deal

Business & Money: 5 Feb 10
Swedish Saab dealers have said they are willing to stump up millions of kronor to help Dutch sportscar maker Spyker secure its purchase of Saab Automobile. READ »

Sky darkens over Spyker-Saab funding

Business & Money: 2 Feb 10
Spyker CEO Victor Muller is missing a third of the funds required to complete the purchase of Saab from GM as questions mount over the secret financiers rumoured to be backing the deal. READ »

Government probe halted Saab-Spyker deal

National: 30 Jan 10
An investigation ordered by the Swedish government into the workings of Spyker and its Russian investors landed on the desk of the FBI and put a temporary stop to the Saab deal being reached. READ »

Dutch shareholders doubt Saab-Spyker deal

Business & Money: 29 Jan 10
The director of the Dutch Shareholder's Association VEB has thrown a spanner in the works of the Saab-Spyker deal by publicly demanding answers from Spyker CEO Victor Muller on his financing plans. READ »

Sweden reacts with joy and caution to Saab sale

National: 27 Jan 10
Unbridled enthusiasm and cautious optimism, along with a dash of outright scepticism, marked the editorial pages of Swedish newspapers on Wednesday in reaction to news of Saab Automobile’s sale to Spyker Cars. READ »

Spyker chief to preserve Saab's 'Swedishness'

National: 27 Jan 10
Shortly after the announcement that his company was purchasing Saab Automobile, Spyker Cars CEO Victor Muller vowed to keep the "iconic" Saab brand afloat amid the current car industry crisis. READ »

'Totally overwhelming': voices from Trollhättan

Analysis & Opinion: 26 Jan 10
Saab sale sparks delight in Trollhättan in western Sweden, home to some 3,400 Saab employees. READ »

The inside track: Spyker

Analysis & Opinion: 26 Jan 10
Dutch luxury sportscar maker Spyker, which is to buy Sweden's Saab from US auto giant General Motors, is a minnow in the global automotive industry. READ »

Saab enters new era

Business & Money: 26 Jan 10
Saab Automobile has been rescued from extinction as owner General Motors agrees to sell the iconic Swedish brand to Dutch sports car maker Spyker. READ »

Trading in Spyker halted on Dutch exchange

Business & Money: 26 Jan 10
Trading in Dutch sports car maker Spyker has been halted on the Euronext Amsterdam stock exchange as speculation mounts about a takeover of Saab Automobile. READ »

Genii Capital pulls out of Saab bidding process

Business & Money: 26 Jan 10
The Luxembourg investment firm backing Formula One boss Bernie Ecclestone's efforts to purchase Saab from General Motors said on Monday it was dropping out, leaving Dutch carmaker Spyker as the last remaining bidder. READ »

Saab deal not yet done: General Motors

National: 25 Jan 10
General Motors and the Swedish government have both poured cold water on rumours that Saab has been sold to Dutch sports car maker Spyker. "Negotiations are still ongoing," according to a GM spokesman. READ »

Dutch billionaire could save Saab: report

Business & Money: 25 Jan 10
Dutch billionaire businessman Marcel Boekhoorn has upped his investment in Saab suitor Spyker, replacing the Russian bankers who represented a stumbling block to the deal for General Motors, according to Swedish media reports. READ »

Spyker boss to Sweden over Saab future

National: 23 Jan 10
Negotiations between General Motors and Dutch luxury car maker Spyker over the future of Saab were believed to have moved to Stockholm on Friday, with media reports stating Spyker CEO Victor Muller paid a visit to the capital. READ »

Ecclestone prepares new cash bid for Saab

Business & Money: 18 Jan 10
Formula One boss Bernie Ecclestone remains in the hunt to buy Saab from General Motors despite reports touting Dutch sportscar maker Spyker as the sole remaining bidder. READ »

Thousands of drivers in Saab support road rally

National: 18 Jan 10
More than 2,000 Saab drivers filled a several kilometre stretch of road in the Swedish automaker's home town on Sunday in a demonstration of support for the beloved brand in the face of a decision by owner GM to wind it down. READ »

Only one bidder for ailing Saab: report

National: 17 Jan 10
Dutch boutique car maker Spyker Cars is said to be the only remaining bidder for the troubled General Motors unit Saab Automobile based in Sweden. Saab is in the first stage of gradually being liquidated. READ »

Centre Party support hits all time low: poll

Politics: 15 Jan 10
Voter support for the government alliance Centre Party has taken a significant downturn according to a new survey which puts the opposition in a commanding lead at the start of the election year. READ »

Merbanco pulls out of race to buy Saab

Business & Money: 15 Jan 10
The CEO of the small US investment company has emailed independent enthusiast website SaabsUnited.com to say GM has turned down the firm’s bid to buy Saab. READ »

Formula One boss submits new Saab bid

National: 13 Jan 10
The battle over the future of Saab took another twist on Wednesday as a group including Formula One boss Bernie Ecclestone submitted a new bid to buy the Swedish automaker from General Motors. READ »

Spyker chief: we've shown GM the money

Business & Money: 13 Jan 10
Saab can still be sold, Dutch sportscar maker Spyker insisted once again on Tuesday, claiming it had the money needed to purchase the Swedish brand. READ »

Union groups: 'Save money - sell Saab'

Analysis & Opinion: 12 Jan 10
The heads of the local chapters of four trade unions represented at Saab headquarters in Trollhättan in south west Sweden have written a letter to US media urging General Motors to protect American taxpayers' money by saving Saab. READ »

Workers: 'Save Saab from Gangster Motors'

National: 12 Jan 10
At noon on Tuesday, thousands of Saab Automobile employees gathered outside the company’s factory in Trollhättan in western Sweden to signal their displeasure with the behaviour of Saab owner General Motors. READ »

Continued uncertainty over fate of Saab

Business & Money: 12 Jan 10
Saab Automobile's future remained in the balance on Monday as the head of General Motors signalled the wind-down of the Swedish carmaker was moving ahead, while other sources said that discussions continue with at least one suitor. READ »

New Saab 9-5 may never be released: GM exec

Business & Money: 11 Jan 10
The updated version of the Saab 9-5 may very well not make it to market as a result of General Motor’s decision to wind down the Swedish automaker, according to a GM executive. READ »

Last-ditch Swedish effort to save Saab

National: 10 Jan 10
The Swedish Government has evidently not given up hope that the ailing Swedish-based Saab Automobile can be saved, as a delegation makes its way to General Motors headquarters in Detroit. READ »

Saab can still be sold: General Motors

National: 9 Jan 10
General Motors announced on Friday it had begun "an orderly wind-down" of its Swedish unit Saab, but would consider any late proposals for the brand, in a move drawing protests from Sweden. READ »

GM begins official Saab wind-down

National: 8 Jan 10
General Motors have taken the decision to start official proceedings to wind down the Saab Automobile organisation in Trollhättan. READ »

GM confirms multiple Saab bidders

National: 8 Jan 10
General Motors confirmed on Friday that it has received a number of bids for Swedish unit Saab Automobile. READ »

Swedish group eyes Saab sale: report

National: 8 Jan 10
A group led by a Swedish truck industry veteran and a former government minister has expressed an interest in buying Saab Automobile from US owner General Motors. READ »

Spyker confirms revised Saab bid

National: 8 Jan 10
Dutch sports car maker Spyker has confirmed that it submitted a renewed bid for Saab Automobile before the expiry of General Motors' Thursday evening deadline. READ »

Formula One boss face of last-minute Saab bid

National: 8 Jan 10
British sports magnate Bernie Ecclestone has teamed up with the Luxembourg investment firm that is launching a last-minute rescue bid for Swedish carmaker Saab, according to media reports. READ »

Luxembourg bidder in late burst to buy Saab

National: 7 Jan 10
Luxembourg-based investment firm Genii Capital has joined the race to buy Saab Automobile from US owner General Motors, according to Swedish media reports. READ »

Spyker to submit third Saab bid: report

National: 7 Jan 10
Dutch luxury car maker Spyker is planing to approach General Motors on Thursday with a third bid for the US car maker's Swedish unit Saab Automobile, according to media reports. READ »

Deal to save Saab unlikely: GM head

Business & Money: 7 Jan 10
The CEO of General Motors expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down. READ »

Military salute for Saab in Brazil fighter jet deal

Business & Money: 6 Jan 10
Saab has been boosted by news that the Brazilian Air Force favours the Swedish firm for a $7 billion contract over its French and American rivals. READ »

Saab lovers to GM: don't shut Saab down

Business & Money: 4 Jan 10
Saab enthusiasts in North America are heading to Detroit in hopes of urging General Motors to sell the Swedish automaker instead of shutting it down as Dutch luxury carmaker Spyker puts the finishing touches to a final bid. READ »

Sweden's car sales rev up in December

Business & Money: 4 Jan 10
Swedes showed a renewed zeal for buying new cars in December, with new vehicle registrations shooting up 13 percent compared to the previous year, new statistics show. READ »

GM unlikely to accept new Spyker bid: report

Business & Money: 3 Jan 10
Although it has extended the deadline to close the deal for Saab until January 7th, American automaker General Motors (GM) is reportedly poised to reject two revised bids for its Swedish car brand, according to Bloomberg News. READ »

Swedish companies shun foreign ownership

Business & Money: 31 Dec 09
At a time when Sweden's largest automakers – both owned by American companies – are up for grabs, Swedish companies remain sceptical about foreign ownership, a new poll shows. READ »

GM extends deadline for Saab sale: report

Business & Money: 30 Dec 09
General Motors has extended its December 31st deadline for the sale of Saab Automobile, according to a Saab official. Meanwhile, Swedish unions have turned to Washington for help in urging GM to sell the Swedish automaker. READ »

Swine flu named year's top Swedish news story

National: 30 Dec 09
Swine flu beat out both the June death of Michael Jackson and the Stockholm helicopter heist in September as the top Swedish news story of 2009, according to a new study. READ »

Spyker chief 'very optimistic' over Saab bid

National: 29 Dec 09
Saab suitor Spyker remains hopeful that it can snap up the iconic brand from General Motors despite previous reports of a rebuttal from the Swedish car maker's US owner. READ »

New Saab 9-5 to be a Buick or Opel: report

Business & Money: 29 Dec 09
Hopes are fading in Trollhättan regarding Saab Automobile's survival amid rumours that General Motors plans to release the latest Saab model as a Buick or Opel. READ »

Marketing guru: I can save Saab

Business & Money: 28 Dec 09
A French-born, US-based marketing expert who has often criticized American carmakers claims he can turn around troubled Swedish automaker Saab Automobile. READ »

GM to press ahead with Saab shutdown: report

National: 25 Dec 09
General Motors is set to proceed with the organized wind-down of Saab Automobile despite a last ditch bid from Dutch sportscar maker Spyker, according to Swedish media reports. READ »

Swedish media sceptical over Volvo sale to Geely

National: 25 Dec 09
Ford's Wednesday announcement that it would sell its Swedish auto brand Volvo to China's Geely met a chilly reception in the Swedish media this week. READ »

Ford confirms Volvo sale agreement

Business & Money: 23 Dec 09
US auto giant Ford confirmed late on Wednesday morning that an agreement has been reached to sell Volvo Cars to Zhejiang Geely Holding. READ »

Swedish unions upbeat after Spyker talks

National: 22 Dec 09
Representatives for two of Sweden's formost trade unions met with with Spyker on Monday to discuss the Dutch sports car maker's last gasp bid for GM's beleaguered Saab Automobile unit. READ »

Mystery Dutch billionaire behind Spyker bid: report

Business & Money: 22 Dec 09
A Dutch billionaire is the main financier behind Spyker's latest bid for Swedish automaker Saab, according to several insider sources. READ »

Spyker extends Saab deal deadline

National: 21 Dec 09
Dutch car maker Spyker has dropped its Monday evening bid deadline and remains in talks with General Motors over the possible purchase of Saab. Sweden's government has pledged to aid Saab workers if the deal falls through. READ »

Spyker and GM in last ditch Saab talks

National: 21 Dec 09
The head of Dutch sports car maker Spyker met with General Motors on Monday afternoon in a final attempt to convince the US auto company to sell Saab Automobile, the iconic Swedish brand facing an imminent wind-down. READ »

Analysts wary of Spyker bid amid crisis talks

National: 21 Dec 09
Sweden's government held crisis talks with union representatives in Stockholm on Monday as the clock ticks down on Saab Automobile's stay of execution. READ »

Unions urge GM to review new Saab bid

National: 21 Dec 09
Swedish union leaders are urging GM to consider Dutch sports carmaker Spyker's new offer for Saab. READ »

Spyker renews Saab bid

National: 20 Dec 09
Dutch sports car maker Spyker has submitted a fresh bid for Saab Automobile despite GM's decision to shut down its Swedish unit. READ »

Saab closure sad but expected: Swedish media

Analysis & Opinion: 20 Dec 09
Weighing in over the weekend about the closure of Saab auto manufacturer, the Swedish media expressed regret but not surprise over General Motor's decision to wind down its Swedish operations. READ »

No deal with Spyker due to Russian owner

National: 19 Dec 09
An insider source with information about the Saab closure claims that US car maker General Motors did not sell its Swedish unit to Dutch Spyker due to concern about too many inconsistencies surrounding Russian joint owner Vladimir Antonov. READ »

Saab: 60 years of love, debt and tears

National: 18 Dec 09
General Motors' announcement on Friday that it will wind down its lossmaking brand Saab Automobile brings an end to the iconic Swedish brand after six decades of car manufacturing. READ »

No government rescue for Saab: Olofsson

National: 18 Dec 09
Sweden's enterprise minster Maud Olofsson lamented the "very sad" news on Friday of the imminent demise of Saab Automobile, while also reiterating her long-held assertion that the government will not step in to save the brand. READ »

Sweden reacts with dismay to Saab closure

National: 18 Dec 09
The news that carmaker Saab is to be closed down by owner General Motors might have been expected, but it has been greeted with dismay in Sweden. READ »

GM set to wind down Saab

National: 18 Dec 09
US car maker General Motors is to shut down Saab as talks collapse with Dutch sportscar manufacturer Spyker over the acquisition of GM's Swedish unit. READ »

Spyker lined up to buy Saab: GM

National: 15 Dec 09
General Motors has revealed that Dutch sportscar maker Spyker is the only firm in the running for the acquisition of Saab Automobile. READ »

BAIC deal allows Saab to operate through first quarter: report

Business & Money: 15 Dec 09
Saab Automobile reportedly received 1.4 billion kronor ($200 million) from China’s Beijing Automotive Industry Holding Co. in exchange for access to some of the Swedish automaker’s technology. READ »

BAIC confirms purchase of Saab assets

Business & Money: 14 Dec 09
Beijing Automotive Industry Holding Co. of China confirmed on Monday it has reached an agreement with Saab Automobile to buy the intellectual property rights for certain assets of the struggling Swedish carmaker. READ »

China's BAIC in deal to buy parts of Saab: report

Business & Money: 13 Dec 09
Beijing Automotive Industry Holding Co. of China has inked a preliminary deal for the acquisition of parts of Saab Automobile, according to media reports. READ »

Professor trashes Saab suitor Spyker

Business & Money: 11 Dec 09
Dutch luxury sports carmaker Spyker, which has expressed its interest in buying Saab Automobile, is an even less reliable potential suitor than Koenigsegg, claims a professor in industrial organization. READ »

BAIC closer to Saab deal with loan approval

Business & Money: 4 Dec 09
Prospective Saab buyer BAIC has received approval for a loan of 20 billion Yuan, approximately 20 billion Swedish kronor ($2.9 billion), from the Bank of China. READ »

Dutch luxury carmaker confirms interest in Saab

National: 2 Dec 09
A second niche luxury sports carmaker, Spyker, has confirmed it is interested in buying Saab Automobile. READ »

Sweden hails month- long Saab reprieve

National: 2 Dec 09
Union and government representatives in Sweden welcomed the Tuesday announcement by General Motors that the company was exploring "expressions of interest" from potential buyers for Saab Automobile. But concerns about Saab's possible demise remain. READ »

December sale or bust for Saab: GM

National: 1 Dec 09
Saab was granted an eleventh hour reprieve on Tuesday as owner General Motors said it would evaluate "expressions of interest". But GM said it will wind down its Swedish unit unless a buyer is found by the end of the year. READ »

Swedes snapping up more new cars: report

Business & Money: 1 Dec 09
New car sales in Sweden took an unexpected jump in November, signaling a clear upward trend in the market, according to an industry group. READ »

'All hope is not lost for Saab': official

Business & Money: 1 Dec 09
The head of Saab Automobile, Jan Åke Jonsson, confirmed that General Motors is actively looking for new owners for the company’s Swedish division, following a meeting with GM management on Monday. READ »

Swedish officials in last ditch Saab rescue plea

Business & Money: 30 Nov 09
A Swedish government representative is due to land shortly in Detroit to provide input to the General Motors board ahead of a Tuesday meeting where it is expected to decide the fate of Saab Automobile. READ »

GM, not Sweden, should find Saab buyer: minister

Politics: 27 Nov 09
Sweden's enterprise minister Maud Olofsson laid responsibility for the sale of Saab firmly at the feet of owner GM on Friday, hitting back at criticism from Saab CEO Jan Åke Jonsson. READ »

Renewed speculation over likely Saab buyers

National: 26 Nov 09
Rumours are circulating in Trollhättan, the western Swedish home of Saab Automobile, about renewed interest from buyers looking to purchase the Swedish automaker. Talks are also continuing with a number of Chinese car companies. READ »

War of words erupts over scuttled Saab sale

Politics: 25 Nov 09
A verbal spat has broken out between the political opposition and Sweden’s industry minister Maud Olofsson after Left Party leader Lars Ohly blamed the government for the failed sale of Saab. READ »

The Lowdown on classic car maker Saab

Analysis & Opinion: 25 Nov 09
Saab is a company steeped in glorious history. But as sports car maker Koenigsegg reverses out of its takeover deal, the GM-owned company is increasingly being viewed by analysts as a firm without a future. READ »

Swedish press: Saab 'damaged beyond repair'

National: 25 Nov 09
Sweden's main newspapers on Wednesday struck a gloomy tone about the prospects of Saab Automobile’s survival, the day after luxury automaker Koenigsegg ditched its plans to buy the troubled Swedish brand. READ »

The Lowdown on von Koenigsegg

Analysis & Opinion: 25 Nov 09
It sounded like a plot from a Bond film: a completely bald aristocratic inventor, sitting in his lair in a converted aircraft hangar, plotting the takeover of the iconic Saab car brand. READ »

Beijing car maker keeps Saab options open

Business & Money: 25 Nov 09
Beijing Automotive Industry Holding is weighing up its options after the Koenigsegg Group, of which it was to become a minority owner, broke off negotiations for the acquisition of Saab. READ »

Chinese firms could swoop for Saab: analyst

Business & Money: 25 Nov 09
The future of Saab Automobile is hanging in the balance after Swedish sports car maker Koenigsegg announced on Tuesday that it was pulling out of a deal to buy the iconic brand from General Motors. READ »

Koenigsegg backs out of Saab deal

Business & Money: 24 Nov 09
A group headed by Swedish sports car maker Koenigsegg has broken off negotiations over the purchase of Saab Automobile, the prospective buyer said in a statement. READ »

Saab to double production in 2010

Business & Money: 17 Nov 09
Saab Automobile plans to more than double production at its flagship Swedish factory at the start of the new year. READ »

Saab slapped with debt claim over worker pay

Business & Money: 16 Nov 09
Saab Automobile has been hit with a payment demand from the administrative board of Västra Götaland county, which lent the troubled automaker hundreds of millions of kronor to ensure employees' salaries during restructuring. READ »