Sweden edition

Saab_automobile

The following articles have been tagged with "Saab_automobile":

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 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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 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 »

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 »

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 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 »

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 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 »

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 »

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 »

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 »

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 »

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 »

Saab unveils second partner in new China deal

Business & Money: 13 Jun 11
Cash-strapped Swedish automaker Saab announced on Monday it had finalised the details of an a agreement with China's Pang Da and Zhejiang Youngman Lotus Automobile to manufacture and distribute cars in China. READ »

Saab production grinds to a new halt

Business & Money: 9 Jun 11
Cash-strapped Swedish carmaker Saab stopped production on Wednesday due to a lack of spare parts, only two weeks after restarting production lines. READ »

Saab production resumes in Sweden

Business & Money: 27 May 11
After seven-weeks of silence, the assembly lines at Saab Automobile's factory in Trollhättan in western Sweden rumbled to life again on Friday thanks to help from new Chinese partner Pang Da. READ »

Saab announces new Chinese partnership

Business & Money: 16 May 11
Swedish car maker Saab has signed a new framework agreement with China's Pang Da Automobile, the cash-strapped firm's Dutch owner Spyker said on Monday. READ »

Saab future in doubt after Chinese fall out

Business & Money: 13 May 11
The future of Swedish car maker Saab was thrown back into doubt without a way into the crucial Chinese market, after a funding deal for the Saab-Spyker group fell through on Thursday. READ »

Saab abandons deal with China's Hawtai

Business & Money: 12 May 11
A deal between Saab owner Spyker Cars and China's Hawtai has been scrapped, according to Spyker, although discussions about possible collaboration continue. READ »

Saab secures partnership with Chinese firm

Business & Money: 3 May 11
Saab has entered into a "strategic partnership" with Chinese Hawtai Motor Group, who plan to invest billions of kronor into the Swedish firm, it was announced on Tuesday. READ »

Fresh cash, new Chinese partner set to revive Saab

National: 2 May 11
Production at Swedish car maker Saab is set to resume within a week after the firm secured a deal for a €30 million ($45 million) cash injection on Monday amid reports that the company had also forged a partnership with a Chinese automaker. READ »

Losses continue for Saab owner Spyker

Business & Money: 29 Apr 11
Saab Automobile owner Spyker Cars reported a net loss of €76.3 million ($113 million) for the first quarter, but sales of the iconic Swedish brand shows signs of upward swing. READ »

Antonov gets green light for Saab stake

National: 28 Apr 11
Russian financier Vladimir Antonov has received approval from former Saab owner General Motors and the Swedish National Debt Office to become a part owner of troubled Swedish automaker. READ »

Antonov to Sweden for Saab crisis talks

Business & Money: 26 Apr 11
Russian financier Vladimir Antonov is to arrive in Sweden on Tuesday to meet state representatives to discuss the future of crisis-hit Swedish carmaker Saab. READ »

Lay-offs loom at Saab suppliers

Business & Money: 23 Apr 11
Suppliers to beleaguered Swedish carmaker Saab have reported that they will be forced to start laying off staff if there is no decision by the European Investment Bank to approve the sale of real estate by the end of this weekend. READ »

'EIB behind Saab property deal delay'

Business & Money: 21 Apr 11
Beleaguered Swedish carmaker Saab Automobile remains in limbo pending confirmation of a deal to sell property holdings to raise cash, as the European Investment Bank is seeking further assurances, according to a report on Thursday. READ »

Saab staff upbeat on loan news

National: 16 Apr 11
The decision by the Swedish government Friday to allow Saab Automobile to sell its real-estate assets is giving hope to employees in Trollhätten, where the cars are produced. READ »

Sweden approves new Saab financing plans

Business & Money: 15 Apr 11
The Swedish government announced on Friday it would allow cash-strapped automaker Saab to alter its financing in order to continue its operations, but only under certain conditions. READ »

National Debt Office opens up for Saab loans

Business & Money: 15 Apr 11
On Thursday the National Debt Office took a small step towards Saabs recovery by opening up for the cash-strapped carmaker to receive loans from other sources than the EIB. READ »

Saab confirms 'extended' production stoppage

Business & Money: 12 Apr 11
Spyker Cars, the Dutch owner of Sweden's Saab, said Tuesday that production will remain on hold while it searches for a solution to funding problems in order to pay suppliers. READ »

Spyker confirms talks to sell Saab real estate

Business & Money: 11 Apr 11
Spyker Cars, the Dutch owner of embattled Swedish carmaker Saab, has confirmed that it is in talks to sell off Saab factories in a bid to address cashflow problems which have left production at a standstill. READ »

Saab production halted 'until further notice'

Business & Money: 6 Apr 11
Cash-strapped Swedish carmaker Saab announced on Wednesday that it was cutting all production at its Trollhättan plant until it has found a solution to persistent delivery problems. READ »

Unpaid bills halt Saab car production

Business & Money: 30 Mar 11
Saab Automobile was forced to halt production at its factory in Trollhättan in western Sweden on Tuesday after a transport company halted deliveries due to millions of kronor in unpaid invoices. READ »

Saab CEO resigns after 'three demanding years'

Business & Money: 25 Mar 11
Jan Åke Jonsson has resigned as CEO of Swedish car maker Saab Automobile, the company announced in a statement on Friday, amid growing doubts over the firm's relaunch since being bought by Dutch Spyker Cars. READ »

Saab Automobile hires Aussie blogger who 'saved' the company

Business & Money: 16 Mar 11
An Australian blogger with a passion for Saab cars who "played a key role in saving Saab" has been rewarded with a job at the Swedish automaker. READ »

Antonov ready to be an owner of Saab

Business & Money: 10 Mar 11
Russian financier Vladimir Antonov expressed his doubts about sales goals for Saab Automobile on Thursday, adding that the Swedish automaker may need an extra buffer. READ »

Antonov sets sights on Saab ownership

Business & Money: 24 Feb 11
Russian financier Vladimir Antonov, who on Thursday agreed to buy the sports car operations of Saab Automobile owner Spyker Cars, said it's only a matter of time before he claims an ownership stake in the Swedish automaker. READ »

Subaru mulls green car production in Sweden

Business & Money: 31 Jan 11
Japanese carmaker Subaru has announced its desire to start making vehicles in Sweden, possibly at a vacant Saab Automobile facility in western Sweden's Trollhättan. READ »

'Saab's future in jeopardy': auto expert

Business & Money: 7 Jan 11
A prominent auto industry expert has warned that, based on current figures, Saab Automobile won’t likely survive more than three more years. READ »

Saab unveils new 9-4X in Los Angeles

Business & Money: 19 Nov 10
Sweden-based Saab Automobile showed off its new 9-4X at the Los Angeles Auto Show on Thursday, hoping its first-ever crossover SUV will be a hit in the US market. READ »

Saab owner Spyker cuts Saab 2010 sales forecast

Business & Money: 29 Oct 10
Saab automobile owner Spyker announced on Friday that it expects to sell 30,000 to 35,000 Saab cars this year, about 10,000 less than initially forecast. READ »

Saab in talks with Volvo on production: report

Business & Money: 7 Oct 10
Saab Automobile and Volvo Cars are in talks for production collaboration, Reuters reported on Thursday, citing a spokesman from Saab owner Spyker Cars. READ »

Saab deal puts BMW engines under the hood

Business & Money: 29 Sep 10
Germany’s BMW will supply engines to Swedish automaker Saab starting in 2012, the company announced on Wednesday. READ »

Saab reported to debt collectors

Business & Money: 21 Sep 10
Swedish carmaker Saab Automobile has been been referred to the Swedish Enforcement Service for the collection of outstanding debts by the administrative board of Västra Götaland county. READ »

Saab turns profit after 2009 crisis

Business & Money: 27 Jul 10
Crisis-hit carmaker Saab Automobile turned a profit of 3.9 billion kronor ($531 million) in 2009, but only thanks to deals with its creditors and a deal to sell equipment to a Chinese automaker. READ »

Car registrations rise sharply in May

Business & Money: 1 Jun 10
In May, 24,994 new passenger cars were registered, according to industry organization Bil Sweden, an increase of 37.2 percent from last year. READ »

Saab unveils new Saab 9-5 to journalists

Business & Money: 31 May 10
After many months of waiting, 250 foreign journalists tested Saab Automobile's new flagship vehicle, the new second-generation Saab 9-5, in Trollhättan on Monday. READ »

Saab to rehire laid-off workers

National: 11 May 10
Swedish carmaker Saab Automobile has said it will rehire 187 people laid off last April, following negotiations with unions. READ »

Spyker withdraws funds from Saab offshoot

National: 20 Apr 10
Dutch firm Spyker has declared its intention to cover its losses by taking funds from Saab GB, arguing that the firm is not a Saab subsidiary but an independent company bought from US General Motors. READ »

Volvo in top gear as Saab stuck in reverse

Business & Money: 16 Apr 10
Sweden's two major car manufacturers, Volvo and Saab, are experiencing starkly contrasting fortunes in European markets, new sales statistics show. READ »

Saab-Spyker chief wants new retro Saab 92

National: 8 Apr 10
Saab Automobile's new chairperson, Victor Muller, wants the Swedish firm to prioritize the development of a new version of the classic Saab 92 in a retro design mirroring similar moves by Fiat, with its 500, and the Volkswagen Beetle. READ »

Saab production lines roll again

Business & Money: 22 Mar 10
At exactly 9.17am on Monday, Saab Automobile's production director Gunnar Brunius cut through a yellow ribbon to restart the production lines at the firm's Trollhättan factory. 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 »

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 »

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 »

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 »

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 »

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