The never-ending Saab saga continues once again. This time around, after having gone bankrupt yet again, the brand has been sold to National Electric Vehicle Sweden, a Chinese-Japanese consortium, for an undisclosed price.
The never-ending Saab saga continues once again. This time around, after having gone bankrupt yet again, the brand has been sold to National Electric Vehicle Sweden, a Chinese-Japanese consortium, for an undisclosed price.
Saab’s 9-4X crossover has been officially unveiled, with its world premiere set for this year’s Los Angeles Auto Show. Although the company is now owned by Spyker, this car was developed under General Motors’ control, sharing a lot of its underpinnings with the Cadillac SRX.
Pictures of Saab’s new 9-4X have been leaked onto the internet ahead of its official debut at the Los Angeles Auto Show in November.
Spyker has released more details on their Saab deal with GM, as well as their business plan for Saab.
Yes indeed, the Saab saga isn’t over yet. General Motors is still deciding whether or not to sell Saab, although reports seem to think that a decision is near, and now GM is suggesting that they’re hopeful by beginning production of the upcoming 9-4X (Pictured in the spy shot above). Also, Ed Whitacre has become the CEO of General Motors.
Spyker is having another stab at purchasing Saab, making General Motors yet another offer.
(By the way, this is our first article to use a “Read More” button. It should make a huge improvement in the long run. It makes the home page less cluttered. There’s a summary on the home page, and then you click the button for the full article. Thanks to our friends at FTS Sports Writing for helping us out with that.)
Today is Saab’s last battle for life, as General Motors reconsiders their decision with the Swedish government influencing them and Spyker making a new offer.
With Saab struggling to stay alive, they are now resorting to selling some things to other companies. They have sold the tooling and rights for the pre-2006 Saab 9-3 and the previous generation Saab 9-5 (Pictured above) to Beijing Automotive Industry Holding Corporation (BAIC), one of the companies in the running for buying Saab.