Last Batch Of 2012 RHD 9-3 Convertibles Available Now In The UK

As reported earlier by Robin, the UK now has the final batch of RHD convertibles ready for sale. A report today in This Is Staffordshire covers a little more detail.

THE very last 26 hand-finished, right-hand drive Saab 9-3 Convertibles are up for sale – after which there will be no more of what has been a remarkably popular car over the past 25 years.

Now I for one am not sure or positive that these will in fact be the last 9-3’s or 9-3 convertibles ever produced, but I can almost as a betting man bet on the fact that they may in fact be the last RHD’s ever produced. I think personally the cost of running a small number of RHD’s on the production line slows production and becomes an unneeded expense to the business plan. This has not been confirmed to me by anyone but is my opinion based on numbers.

They go on to mention that these 26 are available in three levels, SE, Aero and Independence. They also mention two engine options of the 2.0L turbo gas engine and the 1.9L diesel. For us in Canada, we didn’t even get 26 convertibles last year and had one engine option. I would say if you want a convertible, the time is good in the UK now.

It is said that these cars are available through some of the network of Saab authorized repairers, but there is no list of who has them. Some dealers have opted not to purchase any.

Mike Shotbolt, manager at the former Holdcroft Saab, which now has the Chevrolet franchise, says: “We have not taken any because by the time we have added a warranty, they will be quite an expensive car and we are doing extremely well with used 9-3 Convertibles, which we are selling from around £12,000 for a typical three-year-old example. We give a 12-month warranty on these used cars and they are in excellent condition, so I am not sure that someone would pay nearly double for one of these last ones.

I can see the point of the dealer not wanting to risk buying a bunch of these cars when they don’t feel they need them. I also know that where I’m standing that if I had them, I could find people for them. A three year old 9-3 convertible buyer is not the same buyer as the new car buyer. The new car buyer is typically the one trading in that three year old convertible to buy a new one. I understand too that I am not in the UK market and different markets command different trends. If you are a dealer in the UK and you have some of these cars, please respond in the comments and let people know where to go to find them.

Buying A Used Saab Fact And Fiction

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.

Read moreBuying A Used Saab Fact And Fiction



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).


  • 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


Peter Dörrich wins prize as Best Manager 2011

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.

Read morePeter Dörrich wins prize as Best Manager 2011

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

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.

Read moreStatement from Saab on SVT’s report on Victor Muller’s compensation

SAAB Pressrelease: Funding from NSC

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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