The Local Sweden

'Chinese Saabs' soon to hit showrooms: report

Tue, 08 May 2012 14:38:00 +0200

The Chinese version of the old Swedish Saab 9-5 has come far enough in development that manufacturers are saying it will make the cardealerships' floors at the end of the year.

Youngman makes new Saab offer: owner

Mon, 20 Feb 2012 17:00:00 +0100

Chinese company Youngman has made a new offer for Saab to the administrators for the bankrupt Swedish car-maker, confirmed the founder and owner of the Youngman concern Pang Qingnian to Swedish daily Svenska Dagbladet (SvD).

Several bids for Saab: administrator

Tue, 07 Feb 2012 14:30:00 +0100

Several companies have placed preliminary bids to buy bankrupt Swedish carmaker Saab, one of the administrators said on Tuesday, refusing to disclose their identities.

New bidder in the Saab saga shows its hand

Fri, 03 Feb 2012 16:43:00 +0100

Less than 24 hours after Chinese firm Youngman reportedly placed a bid for Saab, another interested party has apparently joined the race to snap up the bankrupt carmaker.

‘Turkish Saab’ would stay in Trollhättan: report

Thu, 05 Jan 2012 09:46:00 +0100

If Saab gets Turkish owners, the company will continue to build cars in Trollhättan, according to Turkish company Brightwell Holdings, which recently entered in the competition over the cash-strapped carmaker.

Expert: Saab's independent streak 'the beginning of the end'

Wed, 21 Dec 2011 09:01:00 +0100

Decisions by former Saab owner General Motors weren't the cause of the Swedish automaker's bankruptcy, according to a new study, which also found that former Saab management is partly to blame.

Saab – what is a Swedish car anyway?

Mon, 21 Nov 2011 14:21:00 +0100

The news that Chinese firms Pang Da and Youngman intend to acquire Saab Automobile, has been greeted by relief, resignation and objection, The Local's Geoff Mortimore explores the twisted fate of an iconic Swedish brand.

Saab to reshuffle board, save company

Sat, 01 Oct 2011 10:47:00 +0200

In the latest chapter of the long running Saab saga, Swedish Automobile, the company’s management, has called an extraordinary general meeting next month to discuss restructuring the board of directors.

Saab bonuses upheld despite crisis

Sat, 27 Aug 2011 11:14:00 +0200

Despite the ongoing crisis surrounding Saab no action will be taken over payouts and bonuses paid to shareholders, following a government audit.

Saab investors line up new meeting - reports

Sat, 06 Aug 2011 10:56:00 +0200

Employees at beleaguered car maker Saab are cautiously optimistic after receiving their salaries for July this week and the news that further talks with Pang Da could take place over the weekend.

Factory sale may hold key to Saab's future

Sat, 25 Jun 2011 12:52:00 +0200

Talks will continue over the weekend between Saab and real estate company Hemfosa in the latest bid to save the ailing carmaker.

Suppliers lose patience with Saab

Sat, 14 May 2011 10:51:00 +0200

The Saab saga took yet another new twist on Friday when several suppliers to the carmaker warned staff of possible redundancies.

No resolution for Saab's cash crisis

Sat, 09 Apr 2011 10:48:00 +0200

Despite rising hopes, Friday saw no resolution to the money problems that have dogged Saab this week. The government called a crisis meeting on Friday but talks ended without a successful conclusion according to spokeswoman Marja Lång.