Showing posts with label Saab. Show all posts
Showing posts with label Saab. Show all posts

Friday, July 15, 2011

New Saab 9-4X SUV Arrives in the US, First Model Delivered in Ohio


Saab is still trying to work through its problems, but the Swedish carmaker has some good news from the States. The first examples of the firm’s new crossover, the Cadillac SRX-based 9-4X, have just arrived at US showrooms.
“Our first vehicles are just hitting retailers and our first customer sale took place last weekend at Saab North Olmstead in Cleveland, Ohio” said President and COO of Saab Cars North America, Tim Colbeck.

Wednesday, July 6, 2011

EIB Approves Lease of Saab’s Real Estate


The European Investment Bank has finally approved the lease of 50.1% of Saab Automobile’s property to a Swedish Consortium led by Hemfrosa Fastigheter AB for a period of 15 years. The deal is expected to net Saab Automobile 25 million Euros ($41 million).

Tuesday, July 5, 2011

Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7


Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.
In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

Wednesday, June 29, 2011

More Good News for Saab as Swedes Receive €25 Million Loan


Another day, another new story for Svenska Aeroplan Aktiebolaget –or, as you might know it, Saab. The Swedish company announced on Wednesday that it has entered a €25 million convertible bridge loan from Gemini Investment Fund Limited.
The loan’s annual interest is 10% and the conversion price is €1.38 per share, while Saab can at any time repay the loan, presumably when the expected Pang Da and Youngman Lotus funding is received, without a penalty.

2011 Saab 9-5 2.0T Premium - Short Take Road Test

Saab’s best deal may be a limited-time offer.

2011 Saab 9-5 2.0T Premium


It was just last year that GM shoved Saab off its headquarters’ roof. As the Swedish brand plummeted to its demise, a bird, er, a plane—no, Spyker swooped in and saved it, thus putting Spyker into free-fall. Quite a shame, really, because the 9-5 sedan is by far Saab’s best product in recent memory.
At the bottom of the 9-5 range is this front-drive model powered by a 2.0-liter four with direct injection and a twin-scroll turbocharger. It’s not nearly as quick as the uplevel all-wheel-drive V-6 turbo model—6.3 seconds to 60 mph [C/D, December 2010]—and it loses an ounce of exterior flair without the top-trim Aero’s optional 19-inch wheels, but its competent dynamics and roughly 10-grand-cheaper point of entry make it the deal of the lineup.
The little four delivers its 220 horsepower and 258 pound-feet of torque through a six-speed automatic, resulting in a ho-hum 0-to-60 time of 7.9 seconds. Once moving, though, the 2.0T has no trouble hustling its 3886-pound load through passing maneuvers. The quarter-mile arrives in 16 seconds flat at 90 mph, but those looking to eke out a bit more performance have the option of filling up with E85. Saab claims no change in output with the higher-octane corn juice, but we saw an improvement of 0.2 second to 60 mph and a 0.1-second-quicker quarter-mile. Efficiency is the penalty here; we observed 17 mpg with E85 and 22 overall with gas. The EPA ratings are 18 mpg city and 28 highway (with gasoline).
From the helm, the steering is playful, but the level of  feedback doesn’t quite match the surprising athleticism provided by the strut layout up front and the multilink setup in back. The flat cornering, though, comes at the cost of a stiff ride. While the brake pedal on our test car was spongy, the car stopped from 70 mph in a commendable 166 feet.
The 9-5’s tailored sheetmetal, approachable price, and roomy cabin provide an attractive way to enter the premium segment. But with the company’s small dealer network and financial issues, Saab needs a superhero to swoop in once again.
Source : Caranddriver.com

Tuesday, June 28, 2011

Saab Secures Further Funding by Leasing its Property


Another day, another chapter in the ongoing saga that is the survival of Saab. After yesterday’s order from a (yet unnamed) Chinese company, which temporarily solved its cash-flow problem, today the automaker announced that it has reached an agreement with a consortium of Swedish real investors led by Hemfosa Fastigheter AB, for the sale of 50.1% of Saab Property for a period of 15 years.