Saab

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General Motors denies $3 billion Spyker suit

General Motors has reportedly dismissed the allegations presented by former Saab brand parent company Spyker after the struggling Swedish automaker filed a $3 billion dollar suit against GM for making moves to intentionally bankrupt the Saab brand when the American automaker refused to approve the sale of the Saab brand to Chinese investors.
The Saab Phoenix Concept

New Saab brand owners don’t have the rights to use the Saab name or logo

Saab lovers around the world got their wish earlier this month when the firm National Electric Vehicle Sweden (NEVS) purchased the Saab automobile brand but one aspect that the new owners seemed to overlook when making the bargain basement purchase deal for Saab was the legal rights behind using the Saab name and logo.

Chevy Trailblazer door fire investigation upgraded, over 341,000 vehicles now included

The National Highway Traffic Safety Administration has announced that they have upgraded their preliminary investigation of the 2006 and 2007 Chevrolet Trailblazer to an engineering analysis while also adding the GMC, Buick, Saab and Isuzu, a move which could lead to a recall of 341,786 vehicles in the US.
The Saab 9-4x

A Saab Story?

Saab Automobile, the venerable brand from Sweden, entered bankruptcy last December. The trustees of the company have been seeking bids from international and Swedish investors looking to rescue and revive the now dormant company. Offers were due yesterday and the auto world is waiting anxiously to hear the results.
Saab

GM gets Bailout, Why not Saab

It was recently announced that Saab, the venerable Swedish automaker, filed for bankruptcy protection. Saab did not need to do this though, as it had a chance with two Chinese firms to pull itself out from the dire financial situation it found itself in. However, General Motors (GM), blocked the deal. This begs the question... why can't Saab get a bailout?
The Saab 9-5

Saab suspends all warranty coverage indefinitely - GM comes to the rescue

The Saab brand officially appears to be dead with government aided bankruptcy and liquidation processes well under way, but things have just gotten worse for current owners and Saab dealerships as the Swedish automaker has announced that all standing warranties on privately owned vehicles will no longer be honored and new vehicles sold from now on will not come with any of the warranties previously offered.
The Saab Phoenix Concept

Saab receives salvation in the form of cash from Chinese firm

Sweden - Unless you live under a rock, it has become common knowledge in the automotive world that Saab is in very bad shape but it appears that the dieing Swedish automaker has been saved by their would-be Chinese investment partner Youngman Lotus with a cash influx of around $5 million - with more money slated to shift from Youngman’s account to Saab’s in the coming weeks.

Saab sold to Chinese companies Pang Da and Youngman

It has been an unfortunately exciting year for Saab and new parent company Swan with an incredibly valiant effort to reincarnate the Swedish automaker under new ownership but it was announced this morning that Saab has officially been sold to Pang Da and Youngman Lotus – the two Chinese firms that were set to invest in Saab to help it survive.
The Saab 9-X Air Concept

Saab chooses to cancel $340mil investment deal with Chinese firms

Saab and parent company Swedish Automobiles NV (Swan) has reportedly canceled the investment deals with Chinese firms Pang Da and Youngman Lotus after the two Chinese firms each made low-buck buyout offers last week - effectively preventing themselves from receiving the $340 million that the automaker had been desperately hoping for as they work through government assisted reorganization.
The Saab 9-4x

Saab receives a multi-million lifeline from the United States

Last week, we brought you the news that Saab and parent Company Swedish Automobiles NV (Swan) had received the first installment of a massive bridge loan with help from soon-to-be Chinese partner Youngman Lotus and today, there is more good news as Saab has entered into an agreement with American firm North Street Capital – a deal that will bring the company some $70 million.
The Saab Phoenix Concept

Saab gets some Chinese money, lives to see another day

As Saab teeters on the edge of bankruptcy while attempting to shelter themselves under the protective arm of the Swedish government during corporate restructuring, the struggling Swedish automaker has reportedly received the first chunk of a $97 million dollar bridge loan with help from one of the Chinese firms hoping to buy into Saab.

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