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Saab Museum Saved By $4 Million Pledge: Report

Viknesh Vijayenthiran

916 views Jan 25, 2012

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2006 Saab Aero-X Concept

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Last week we brought you the grim news that a prized collection of classic Saabs sitting in the official Saab museum in Trollhattan, Sweden, was going to be divvied up and sold to the highest bidder.

The collection, which included some of the most important Saabs ever built, including the very first Ursaab prototype from 1946, were being sold as part of the bankruptcy currently afflicting the automaker.

Reports have now emerged claiming the museum, at least, has been saved by Swedish interests.

Keen to see the museum and its list of 120 Saabs stay in Sweden, a group consisting of Saab AB (the separate aerospace and defense group), Trollhattan city council, and a foundation run by the Wallenberg family (former owners of the automaker) have offered to pay the estimated $4 million receivers were hoping to gain for the cars and the museum building’s lease.

The information was revealed by Trollhattan councilor Paul Akerlund on Radio Sweden, reports Fox News.

"I think it means a lot, it is a part of Trollhattan's soul,” Akerlund is reported to have said. “It is also a big tourist attraction.”

1946 Ursaab Prototype

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As for the Saab brand itself, news emerged just this week that the automaker’s U.S. arm, which includes 188 dealers and a parts business, will follow its parent and undergo liquidation.

There remains hope, however, that a buyer will step up and purchase the Saab brand. Several foreign groups have announced their interest, including former Chinese investor Youngman as well as Turkish private-equity group Brightwell.

To follow our ongoing coverage of Saab's financial woes, click here.