It would be a significant understatement to say that the last weeks have been challenging for Saab Automobile. We are a car company. Designing and building distinctive cars according to a well honed, Swedish philosophy is what we do. And yet our production line – the beating heart of our company – has been idle for the last five weeks. […]
Saab Chairman, Victor Muller, addressed the assembled Saab workforce at 12:30pm today. UPDATE: Notes from Victor Muller’s address are now posted below. — Notes from the address by Victor Muller to Saab employees – Tuesday 17 May – Victor began the address with a heartfelt apology to staff for having put them in this position. He mentioned a commitment made
Trollhättan, Sweden – Spyker Cars N.V. (Spyker) announces today that Spyker and Saab Automobile AB (Saab Automobile) signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China’s largest publicly traded automobile distributor with over 1100 dealerships nationwide. The MoU includes a strategic alliance consisting of a 50/50 distribution joint venture and a manufacturing joint
Zeewolde, The Netherlands, 12 May 2011 – Spyker Cars N.V. (Spyker) announces today that Hawtai Motor Group Company Limited (Hawtai) and Spyker terminated the agreement by and between Hawtai, Spyker and Saab Automobile AB (Saab Automobile) with respect to funding and strategic partnership. However, discussions are ongoing. As a result of this termination, Saab Automobile may enter into a strategic
Trollhättan, Sweden: Saab Cars North America today announced the appointment of a new president and chief operating officer, Mr. Timothy Colbeck. The announcement comes as Saab is embarked on its biggest-ever product offensive with four all-new products since 2010 – the all-new Saab 9-5 Sedan, Saab’s first crossover, the 9-4X, the 9-5 SportCombi and the 9-3 Griffin range. Effective Monday,
Press: Saab Cars North America Appoints New President and Chief Operating Officer Read Post »
I’m playing catchup here, having just arrived back in Australia. While I was in transit, representatives from Hawtai Motor Group arrived in Trollhattan and toured Saab’s factory. At the same time that was happening, Saab were recommencing limited production aimed at making sure that everything was working OK on the production line. Full production should recommence in the next week,
Saab test production as Hawtai tour Saab factory Read Post »
Following are a number of questions and answers that I know are on people’s minds with regards to the recent deal Saab struck with Hawtai Motor Group, from China. —— Q: What does this deal mean for the financial future of Saab Automobile? This agreement with Hawtai, along with the convertible loan agreement with Gemini, means that Saab has effectively
The deal with Hawtai and what it means for Saab and Spyker Read Post »
Press conference live-tweeted on Twitter. —— Zeewolde, The Netherlands, 3 May 2011 – Following yesterday’s announcement that Spyker Cars N.V. (Spyker) secured its short term funding, Spyker announces today that Spyker and Saab Automobile AB (Saab Automobile) signed an agreement with Hawtai Motor Group Company Limited (Hawtai). This agreement conditionally secures medium term funding and includes financing in the form
For those who haven’t heard yet, Saab has secured short term financing in the order of EUR 59.1million to re-start production at the factory. We are also set to announce a strategic partnership with Hawtai Motor Group, from China. The nature of that partnership is yet to be revealed, however such an announcement can only bring positive benefits for Saab
Saab Automobile and Hawtai Motor Group invite journalists to attend a press conference on May 3, 2011, for the unveiling and signing of an exciting strategic partnership between both parties. The press conference will take place at 14:30 Beijing time (08:30 CET) in the Jinmao Ballroom (3rd Floor) at The Westin Beijing Chaoyang, 7 North Dongsanhuan Road, Chaoyang District, Beijing,
Saab Automobile and Hawtai Motor Group to Announce Strategic Partnership Read Post »
I think the appropriate phrase is yeeeeeeeeee-haaaaa! —— Zeewolde, The Netherlands, 2 May 2011 – Spyker Cars N.V. (Spyker) announces that it secured the short-term funding of Saab Automobile AB (Saab Automobile) by entering into a EUR 30 million convertible loan agreement with Gemini Investment Fund Limited (Gemini). Spyker entered into a EUR 30 million convertible loan agreement with Gemini
Press Release: SAAB AUTOMOBILE SECURES SHORT-TERM FUNDING Read Post »
