Deal finalised: Saab has left GM ownership
23 February 2010

Spyker has completed the deal to buy Saab from General Motors, transferring ownership of the Swedish car maker to Spyker but retaining Saab as an independent manufacturer and brand.

The deal was finalised this afternoon, and turns Saab and Spyker into sister companies. Victor Muller, Spyker CEO, said: “We are delighted - Saab’s future is now secure.” “From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold.

“We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab's historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.”

Saab has now exited the liquidation process that GM started in January, and former CEO Jan Åke Jonsson has resumed his position as the head of the company. Production of the new 9-5 will resume at Saab’s Trollhattan factory, and Saab will then launch the 9-5 estate later this year.

Muller is planning a new Saab to rival the Mini and the A1, which could be called 9-2. The new car would embody the spirit of the original 9-2 of 195, which was Saab’s first car.

Spyker boss Muller's plans for the new Saab

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Comments
27

23 February 2010

Excellent news!!!! Now let's see what they can do!! :)

23 February 2010

Good news and I hope they have a sustainable business model in a way that doesn't repeat the MGR debacle.

23 February 2010

Unless they have access to a £ one billion or so then Saab will just go the same way as Rover. Saab needs huge investment to survive and sadly there is no market for cars like that in sufficient volume to generate a profit.

Are any of the group of four Rover owners, Phoenix, shareholders of Spyker?

23 February 2010

[quote Maxycat]Unless they have access to a £ one billion or so then Saab will just go the same way as Rover.[/quote]

I think you'll find that the economies of scale for SAAB are a world away from those for MGRover.

[quote Maxycat]Saab needs huge investment to survive and sadly there is no market for cars like that in sufficient volume to generate a profit.[/quote]

I also believe that the way the car industry works has been changing significantly over the past few years. I think that platform sharing, joint development and CAD are revolutionising the speed & cost of car development.

The ink hasn't even dried on the contract and 'experts' are declaring that it'll never work.

23 February 2010

PLEASE BRING US A SAAB HATCHBACK AS WELL AS A SAAB SUPERMINI... We also want to see the concept coupe Aero X in production because that was too cool to waste!!

23 February 2010

[quote supermanuel]I think you'll find that the economies of scale for SAAB are a world away from those for MGRover.[/quote]

Sadly that's just not the case - Saab is in exactly the no-man's land of the medium-sized producer which directly led to the downfall of Rover. You're right to say that platform-sharing and new technology has cut cost and time to market for new designs, and Saab does have a complete new model ready to launch - but conversely Rover had 2 brands able to appeal to 2 different segments of the market with 2 versions of the same car. And like Rover in its last days, it appears that much of Saab's technology has already been sold to the Chinese.

There's one critical and very ominous aspect which this situation shares with MG Rover in 2000 - despite a well-known brand and established dealer netwrork, there was zero interest from rival automotive groups in buying the business in both Rover's and Saab's case. All the big manufacturers are desperate to seeing the huge over-capacity in the industry taken out, and privately most of them would have been very happy to see Saab disappear.

23 February 2010

[quote EcurieEcosse]And like Rover in its last days, it appears that much of Saab's technology has already been sold to the Chinese[/quote]
Stuff like this really gets me angry! Saab's OLD technology, the cars they are no longer building (old gen 9-5 and PREVIOUS generation 9-3) have been sold to the Chinese. Nothing like MG Rover.

Why is it people have to paint a dark picture? Is this a strange English trait, knocking everything, doubting everything? For goodness sake, give the company a chance to prove themselves - there'll be plenty of time to criticise IF it fails - but I for one am celebrating Saab's new freedom and chance at an independent future.

23 February 2010

Good luck Saab. The world would be a duller place without you.

23 February 2010

Any real car enthusiast will wish them well!

23 February 2010

does that mean some dodgy russian investment banker now owns most of saab. probably last another year and then ....

www.KOOOLcr.com

 

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