Saab announcement due soon (not the big one, though)

A presser about this is expected very soon out now!.

This is from Bloomberg.

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Saab, American Axle Said to Partner on Electric Drive Systems
2010-09-24 06:04:15.532 GMT

By Kim McLaughlin and Ola Kinnander
Sept. 24 (Bloomberg) — Saab Automobile, the Swedish carmaker owned by Spyker Cars NV, agreed to set up a venture with American Axle & Manufacturing Holdings Inc. to make electric all-wheel drive systems and electric and hybrid drivelines, a person familiar with the matter said.

The venture will be based in Trollhaettan, where Saab is headquartered, and will start operating next month. Saab will buy components from the venture for use in Saab vehicles from 2012, said the person, who asked not to be identified before an announcement. American Axle is based in Detroit.

Spyker bought Saab from General Motors Co. in February for $74 million in cash and $326 million in preferred shares as the Swedish company was on the brink of shutting down. Since then the carmaker has focused on severing its ties from GM and
rolling out its new 9-5 model. Spyker aims to be listed on the Stockholm stock market before the end of the year, Chief Executive Officer Victor Muller said on Aug. 12.

The joint venture will also sell products to other carmakers, the person said.

“the big one” would be the 92 partnership, wouldn’t it?

This is good, just not as good as that 🙂

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