Saab believes its sales will now recover after reaching new lows in Sweden last month
2 June 2011

Saab believes its sales have now bottomed out after production was halted for almost two months.

The firm was forced to stop production at its Trollhattan facility in Sweden over unpaid bills to suppliers. It was only able to resume output at the end of last week following a cash injection from Chinese distributor Pang Da.

Saab sold just 290 cars in its home market last month, a drop of 59 per cent year-on-year. But its Swedish chief, Magnus Hansson, said he believed Saab “hit the bottom in May in terms of sales and that we now, together with our distributors, can begin to work our way up again”.

Full story - Saab restarts production

Saab has now resumed its normal daily output of 218 cars a day, according to chairman Victor Muller, and it has outstanding orders for 8100 cars.

It has also been confirmed that Pang Da has ordered an additional 630 cars from Saab for 15 million euro (£13.2m) on top of the 1300 it paid 30m euro (£26.4m) for as part of it taking an equity stake in Saab’s parent firm Spyker.

The cars will be sold in China and be delivered from the third quarter.

See all the latest Saab reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Dallara Stradale
    The Stradale is the first road-legel car from Italian motorsport constructor Dallara
    First Drive
    16 March 2018
    The motorsport constructor's first road car is inspired by Lotus minimalism. Does it thrill on road and track?
  • Hyundai i30 N
    Standard spec is good so paint colour is our car’s only option
    First Drive
    16 March 2018
    What’s Hyundai’s first hot hatch and N-brand debutant really like? Let’s find out
  • Porsche Boxster GTS
    This is the new GTS version of the Porsche Boxster
    First Drive
    15 March 2018
    The 718-generation Boxster is our favourite roadster of the moment – so is this new GTS variant worth the extra outlay?
  • BMW 5 Series
    First Drive
    15 March 2018
    The BMW 5 Series is top of the mid-exec pack, but is there still room for a diesel saloon in everyday family life?
  • Audi A7 front
    First Drive
    14 March 2018
    The new Audi A7 Sportback looks the part, but how does the new Mercedes-Benz CLS rival cope on UK roads? We find out