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.

China's Youngman bids anew for Saab: report

Tue, 17 Apr 2012 10:09:00 +0200

Chinese automaker Youngman has offered to buy bankrupt Swedish carmaker Saab for 3.2 billion kronor ($470 million), according to a report in Swedish business daily Dagens Industri (DI).

Turkish firm pulls Saab bid over GM 'rebuff'

Tue, 28 Feb 2012 15:15:00 +0100

Turkish private equity firm Brightwell Holdings has withdrawn a bid to buy bankrupt Swedish carmaker Saab owing to a lack of cooperation from former owner GM, a Swedish daily reported Tuesday.

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.

'Multi-billion-kronor' bid for bankrupt Saab: report

Thu, 02 Feb 2012 22:04:00 +0100

Chinese carmaker Youngman has placed a bid for bankrupt Swedish carmaker Saab, public broadcaster Sveriges Radio (SR) reported on Thursday.

‘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.

Muller: Saab bankruptcy 'the darkest day'

Mon, 19 Dec 2011 17:18:00 +0100

A Swedish court approved Saab Automobile's bankruptcy petition on Monday afternoon after a dejected Victor Muller, CEO of the embattled Swedish automaker, told reporters it was “the darkest day in Saab's history”.

Saab hits bankruptcy 60 years after a flying start

Mon, 19 Dec 2011 15:38:00 +0100

Saab Automobile's decision to file for bankruptcy on Monday ends two years of efforts to save the loss-making company that began as an aircraft manufacturer and then rolled out cars for 60 years.

'We can bounce back': Trollhättan politician

Mon, 19 Dec 2011 13:08:00 +0100

Hours after the announcement that Swedish automaker Saab has filed for bankruptcy, following a two years struggle to keep afloat, local politicians and Saab retailers are keeping a brave face.

Saab files for bankruptcy

Mon, 19 Dec 2011 10:26:00 +0100

Swedish carmaker Saab Automobile on Monday filed for bankruptcy protection, ending two years of efforts to save the iconic Swedish brand.

GM 'won't support' new plans to save Saab

Sat, 17 Dec 2011 20:38:00 +0100

General Motors (GM) said on Saturday it cannot accept any of the proposed solutions presented so far to help save Swedish automaker Saab Automobile, which continues to teeter on the brink of bankruptcy.

Saab limps along after new Chinese payout

Tue, 13 Dec 2011 13:40:00 +0100

The first share of the money promised to Saab by Chinese Youngman has arrived into the cash-strapped carmaker's accounts, according to Saab's head of information, Eric Geers, who was unwilling to disclose how much money was involved.

Saab to file for bankruptcy: report

Mon, 12 Dec 2011 14:24:00 +0100

Beleaguered Swedish automaker Saab is expected to file for bankruptcy on Monday, according to reports in the Swedish media.

Lift Saab's bankruptcy protection: administrator

Wed, 07 Dec 2011 11:07:00 +0100

The restructuring of beleaguered Swedish carmaker Saab has been called off by the company's administrator Guy Lofalk, after he submitted a court petition, according to a statement by Saab Automobile.

Saab juggles Chinese suitors 'to please GM'

Mon, 05 Dec 2011 13:46:00 +0100

Swedish Automobile, the owners of beleaguered Swedish carmaker Saab have revealed that they are in talks with a new configuration of Chinese partners in what has been descibed as a bid to appease previous owner US General Motors.

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 takeover talks go on as deadline passes

Wed, 16 Nov 2011 09:41:00 +0100

Two Chinese companies are continuing discussions on purchasing Saab even though the deadline for the deal expired Tuesday, the beleaguered Swedish carmaker said.