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by till72

Saab Arctic Adventure 2011

January 18, 2012 in Events, SAAB Automobile AB

Yesterday I came across this video. It was obviously made on the Arctic Adventure 2011, which I attended, too. It brings up fond memories of a unique event. It is a great video that gives you a feel how amaizing this event is. And not to forget that he seems to like the 9-5 quite a lot.

Enjoy!

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by Red J

Saab Automobile AB Heavy Stamping

January 5, 2012 in SAAB Automobile AB, Technical

I’ve found this on a tweet from Saablog-In.

It makes me feel melancholic. But there is still hope that this press shop will continue creating nice cars in 2012.

I don’t know who has uploaded this video on YouTube. The user is called fglasell and the video was updated on november 7.

Buying A Used Saab Fact And Fiction

November 23, 2011 in Editorial, SAAB Automobile AB

People have been talking about weather it’s a good idea to buy a used Saab right now with uncertainty surrounding the brand. In some cases, people have even held off purchasing a used Saab because of fears that are based on assumptions. People are for one are worried about parts, but parts will always be there as it is a profitable business, no matter what happens to Saab. Whatever fears may be, there are some really interesting facts when you explore the market place.

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by till72

Press Release: TRADING UPDATE SWEDISH AUTOMOBILE N. V. (including SAAB AUTOMOBILE AB) THIRD QUARTER 2011

November 18, 2011 in SAAB Automobile AB

TRADING UPDATE SWEDISH AUTOMOBILE N.V. (including SAAB AUTOMOBILE AB)
THIRD QUARTER 2011

Zeewolde, the Netherlands, 18 November 2011 – Swedish Automobile N.V. (Swan), a holding company that owns
subsidiaries which produce and sell premium automobiles under the Saab and Spyker brands (together referred to as the
“Group”), today issues a trading update for the third quarter of 2011 ended 30 September 2011. The Group is listed on
NYSE Euronext Amsterdam (ticker symbol SWAN).

KEY DEVELOPMENTS

  • Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB (together Saab Automobile)
    entered voluntary reorganization under Swedish law
  • Longer term future and stability for Saab Automobile expected after signing of a memorandum of understanding with
    respect to a EUR 100 million conditional agreement on sale of all shares in Saab Automobile and Saab Great Britain
    Ltd. (Saab GB) to Pang Da Automobile Trade Company Ltd (Pang Da) and Zhejiang Youngman Lotus Automobile
    Co., Ltd. (Youngman)
  • Conditional agreement reached on sale of Spyker Automotive business to North Street Capital, LP with net proceeds
    for Swan of EUR 32 million
  • Efficiency improvement initiative launched as part of voluntary reorganization process, in order to create more
    flexible and competitive cost structure
  • Finalizing voluntary reorganization process, implementing revised business plan and restarting sustainable production
    top priorities for Saab Automobile management
  • Sales performance seriously affected by production stoppages and tight liquidity situation during third quarter

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by till72

Peter Dörrich wins prize as Best Manager 2011

November 16, 2011 in News, SAAB Automobile AB

Peter Dörrich

Peter Dörrich, who has among other things been resposible for the development of the 9-4x and the 9-5 SC, is, according to Unionen’s manager-paper “Position”, the most popular manager 2011. Unionen published that in a press release today:

Peter Dörrich is the most popular manager in 2011. Which is why he will be rewarded the “Position” newspaper prize.

Peter Dörrich is 51 years and has held various positions within Saab, including the U.S.. He is now director of the Project Center at Saab Automobile in Trollhättan.

The award will be presented on Wednesday at the “Skills Fair” by the “Position”‘s magazine editor Dag Bremberg.
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by till72

Statement from Saab on SVT’s report on Victor Muller’s compensation

October 27, 2011 in News, SAAB Automobile AB

This morning several news sites in Sweden wrote about Victor having earned 18 million Swedish crowns from Saab in 2010. These reports were obviously based on calculations of the Swedish TV programme SVT Rapport. Here’s a statement from Saan on that topic:

Saab Automobile and Swedish Automobile (Swan) have taken notice of a report by Swedish media outlet SVT in which a specification of Victor Muller’s remuneration over 2010 was given. Unfortunately, this report contains a number of serious mistakes and therefore provides an incorrect overview of Mr. Muller’s remuneration over 2010. Mr. Muller’s total remuneration over 2010 was approximately EUR 862,500. Saab Automobile and Swan refer to the 2010 annual report of Spyker Cars N.V. for the only complete and correct overview of Mr. Muller’s remuneration over 2010.

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by Trued

SAAB Pressrelease: Funding from NSC

October 20, 2011 in News, SAAB Automobile AB

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has received a commitment from North Street Capital, LP (North Street) on the funding of Swan and Saab Automobile AB (Saab Automobile).

The offer consists of the following transactions:

Subscription to 2,386,635 ordinary shares in the capital of Swan at a price of USD 4.19 per share for the purpose of funding the working capital of Swan, Saab Automobile and Saab Great Britain Ltd. The shares to be issued will be paid in full by Friday October 21, 2011.

Procurement of a loan to Saab Automobile in the amount of USD 60 million to be collateralized by a first lien on certain assets of Saab Automobile as well as a second lien on the collateral as pledged to NDO. This loan is subject to further documentation. The object of the parties is to finalize documentation no later than Monday

October 24, 2011 with subsequent funding within two days thereof.
Swan intends to accept this offer because it has doubts that the bridge funding of Youngman and Pang Da, of which a partial payment has been received, shall be paid in full on 22 October 2011. Immediate availability of funding is necessary to continue the reorganization process of Saab Automobile.

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by Rune

Saab 9-5 named Car of the Year in Singapore

October 7, 2011 in SAAB Automobile AB

Trollhättan, Sweden: The Saab 9-5 Sedan 2.8V6 Turbo has been named Car of the Year in Singapore by a prestigious Consumer Guide, published by Wheels Asia. The annual ”Car Buyer’s Guide 2011/2012” ranks all models on sale in Singapore, and the Saab 9-5 was favorably compared with the Audi A6 and BMW 535i in the Executive Sedan class.

– We are very happy, says Jonas Hernqvist, Regional Manager for the Asian markets. The markets in Asia are demanding and Singapore especially so, since it so restrictive when it comes to car imports. Therefore it is particularly gratifying and encouraging that the Saab 9-5 is honored in this way.

Saab Press Release October 7th 2011