GM: SAAB is for sale EDIT: Koenigsegg cancels plan to buy it out

BlackPearl · 18th June 2009, 09:42

This is great news. Hope the deal comes through.

wheeler · 19th August 2009, 16:43

On Tuesday, GM signed the agreement in this regard. However they need more capital before the deal is closed.

Read the news here: Gulfnews: GM signs accord to sell Saab to Koenigsegg

Nikhilb2008 · 19th August 2009, 16:46

Haha. This is good news. Saab has always been a little different! I hope Koenigsegg continues this tradition!

Bumblebee86 · 28th October 2009, 04:44

2010-2011: present phase

115.000 cars sold gives break-even financially
Average price per car: 189.000 SEK

2012-2015: transformation phase

80.000 sold cars gives break-even financially
Average price per car: 208.000 SEK
New models including a 9-5 Koeningsegg Edition

2016 - : premium phase

65.000 sold cars gives break-even financially
Average price per car: 280.000 SEK
New models including a New 900

The prices mentioned are ex SAAB and therefore need to be increased by 1.4 plus country taxes to find the retail customer price. Thus the retail prices will be cost ex SAAB plus 55% to 60%

Nikhilb2008 · 25th November 2009, 08:26

GM's deal to sell Saab falls through - Nov. 24, 2009

anjan_c2007 · 25th November 2009, 09:37

Quote:

Originally Posted by Nikhilb2008

GM's deal to sell Saab falls through - Nov. 24, 2009

Yes heard that news. An auto analyst was also saying that there may be a possibility that GM may call its quits and scrap the brand Saab altogether.He was saying that SAAB cars have no brand equity in the export market as of now and that they sell only a few thousand units in the US market.So GM may no longer allow it to flourish. Thats only a possibility but in reality no one knows what GM will do next.

sandeepmdas · 25th November 2009, 12:54

Quote:

Originally Posted by anjan_c2007

.... but in reality no one knows what GM will do next.

"General Motors Co. doesn’t expect to find new bidders for Saab and may shut the bankrupt unit after Koenigsegg Group AB canceled a planned acquisition, people familiar with the matter said..."

Link: GM Said to See No Saab Bids as Board Nears Shutdown (Update1) - Bloomberg.com

Dippen · 26th November 2009, 03:54

It was unexpected news.

Now we have to wait until next tuesday to see what answers GM has about the future.

Until then it is buisness as usuall at the Saab factory.

madhukar_n · 26th November 2009, 11:52

Will be very disappointed and sad to see the end of SAAB. Very very nice cars to drive.

sandeepmdas · 28th November 2009, 19:21

Americans. They came. They saw. They destroyed.

GM Source: No Bids on Saab, GM May Kill Brand Next Week...

source:DailyTech - GM Source: No Bids on Saab, GM May Kill Brand Next Week

sandeepmdas · 14th December 2009, 17:14

Beijing Autos to buy Saab car, engine technology.

Beijing Autos has agreed to buy technology from GM's Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General Motors Co. to sell the rest of Saab to another buyer.

Beijing Autos to buy Saab car, engine technology - BusinessWeek

KRf1 · 8th January 2010, 18:34

News is that F1 Supremo Bernie Ecclestone is bidding for Saab.
Bernie Ecclestone to Buy Saab? - Formula One Blog - NYTimes.com

Bumblebee86 · 27th January 2010, 10:38

PRESS RELEASE
GM Reaches Agreement to Sell Saab to Spyker

DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.

"Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM," said John Smith, GM vice president for corporate planning and alliances.

"General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome," Smith said.

As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time.

The Swedish government is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank. Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction.

"Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand," added Nick Reilly, president, GM Europe. "We've worked with many parties over the past year, including governments and investors, and I'm very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward."

Bumblebee86 · 27th January 2010, 10:39

Moderator,please change the thread title accordingly.
Thank You!!

Bumblebee86 · 27th January 2010, 10:44

Before the sale to Spyker becomes official here are all the models that came from the Saab stable.

18th June 2009, 09:42	#16
BlackPearl Team-BHP Support Join Date: Aug 2005 Location: Calcutta/London Posts: 3,666 Thanked: 17,394 Times View My Garage	This is great news. Hope the deal comes through.
	() Thanks

19th August 2009, 16:43	#17
wheeler BHPian Join Date: Jul 2007 Location: DXB Posts: 261 Thanked: 6 Times View My Garage	On Tuesday, GM signed the agreement in this regard. However they need more capital before the deal is closed. Read the news here: Gulfnews: GM signs accord to sell Saab to Koenigsegg
	() Thanks

19th August 2009, 16:46	#18
Nikhilb2008 Distinguished - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 5,194 Thanked: 10,178 Times	Haha. This is good news. Saab has always been a little different! I hope Koenigsegg continues this tradition!
	() Thanks

28th October 2009, 04:44	#19
Bumblebee86 BANNED Join Date: Jun 2009 Location: Gudaibiya; BAHRAIN/ Vandiperiyar; KERALA/ Wuhan; CHINA Posts: 359 Thanked: 6 Times	The 3 phases for Saab: 2010-2011: present phase 115.000 cars sold gives break-even financially Average price per car: 189.000 SEK 2012-2015: transformation phase 80.000 sold cars gives break-even financially Average price per car: 208.000 SEK New models including a 9-5 Koeningsegg Edition 2016 - : premium phase 65.000 sold cars gives break-even financially Average price per car: 280.000 SEK New models including a New 900 The prices mentioned are ex SAAB and therefore need to be increased by 1.4 plus country taxes to find the retail customer price. Thus the retail prices will be cost ex SAAB plus 55% to 60%
	() Thanks

25th November 2009, 08:26	#20
Nikhilb2008 Distinguished - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 5,194 Thanked: 10,178 Times	GM's deal to sell Saab falls through - Nov. 24, 2009
	() Thanks

26th November 2009, 03:54	#23
Dippen BHPian Join Date: Nov 2008 Location: Stockholm Posts: 44 Thanked: 0 Times	It was unexpected news. Now we have to wait until next tuesday to see what answers GM has about the future. Until then it is buisness as usuall at the Saab factory.
	() Thanks

26th November 2009, 11:52	#24
madhukar_n BHPian Join Date: Apr 2007 Location: Bangalore Posts: 395 Thanked: 180 Times	Will be very disappointed and sad to see the end of SAAB. Very very nice cars to drive.
	() Thanks

28th November 2009, 19:21	#25
sandeepmdas Senior - BHPian Join Date: Feb 2005 Location: 695141, SY208AA Posts: 1,577 Thanked: 2,806 Times	Fin? Americans. They came. They saw. They destroyed. GM Source: No Bids on Saab, GM May Kill Brand Next Week... source:DailyTech - GM Source: No Bids on Saab, GM May Kill Brand Next Week
	() Thanks

14th December 2009, 17:14	#26
sandeepmdas Senior - BHPian Join Date: Feb 2005 Location: 695141, SY208AA Posts: 1,577 Thanked: 2,806 Times	Beijing Autos to buy Saab car, engine technology. Beijing Autos has agreed to buy technology from GM's Saab Automobile, a breakthrough for the Chinese automaker that could clear the way for General Motors Co. to sell the rest of Saab to another buyer. Beijing Autos to buy Saab car, engine technology - BusinessWeek
	() Thanks

8th January 2010, 18:34	#27
KRf1 BHPian Join Date: Apr 2009 Location: NCR / BLR Posts: 339 Thanked: 3 Times	News is that F1 Supremo Bernie Ecclestone is bidding for Saab. Bernie Ecclestone to Buy Saab? - Formula One Blog - NYTimes.com
	() Thanks

27th January 2010, 10:38	#28
Bumblebee86 BANNED Join Date: Jun 2009 Location: Gudaibiya; BAHRAIN/ Vandiperiyar; KERALA/ Wuhan; CHINA Posts: 359 Thanked: 6 Times	GM Reaches Agreement to Sell Saab to Spyker *PRESS RELEASE* GM Reaches Agreement to Sell Saab to Spyker DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM," said John Smith, GM vice president for corporate planning and alliances. "General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome," Smith said. As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale will be disclosed in due time. The Swedish government is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank. Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction. "Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand," added Nick Reilly, president, GM Europe. "We've worked with many parties over the past year, including governments and investors, and I'm very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward."
	() Thanks

27th January 2010, 10:39	#29
Bumblebee86 BANNED Join Date: Jun 2009 Location: Gudaibiya; BAHRAIN/ Vandiperiyar; KERALA/ Wuhan; CHINA Posts: 359 Thanked: 6 Times	Moderator,please change the thread title accordingly. Thank You!!
	() Thanks

27th January 2010, 10:44	#30
Bumblebee86 BANNED Join Date: Jun 2009 Location: Gudaibiya; BAHRAIN/ Vandiperiyar; KERALA/ Wuhan; CHINA Posts: 359 Thanked: 6 Times	SAAB- in pictures Before the sale to Spyker becomes official here are all the models that came from the Saab stable.
	() Thanks