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2011 Saab 9-5

Swedish Union Seeks President Obama’s Help To Save Saab?

Despite Saab having several suitors interested in purchasing the brand, paying off its debts and restarting production, no deal could ever be finalized and the automaker finally declared bankruptcy last December. The reason no deal could be finalized was because of GM’s refusal to allow any... read more

May 16, 2012 by 
 
2013 Lotus Esprit Concept

Lotus Esprit Supercar Due In 2014, Pending DRB-Hicom Approval

Following its bizarre rant on Facebook last week and accusations that its CEO Dany Bahar was missing in action, Lotus is doing its best to clear all the confusion and remains... read more April 18, 2012 by 


 
2012 Lotus Evora GTE live photos

Lotus Goes On The Defense With Bizarre Facebook Rant

Following recent reports that Lotus was ending sponsorship of the Lotus F1 team and, of more concern, could possibly be put into administration by its new parent, Malaysian... read more April 12, 2012 by 


 
Spyker's propeller logo.

Swedish Automobile Changes Its Name To Spyker

In what is arguably the shortest corporate press release ever written, Swedish Automobile has announced it will change its name back to Spyker, pending approval from its... read more April 11, 2012 by 


 
2013 Lotus Esprit Concept

Lotus In Trouble, May Be Sold To China’s Youngman: Report

Following yesterday’s news that Group Lotus was ending its sponsorship of the Lotus F1 team while leaving the team’s name unchanged, a new report suggests that... read more April 11, 2012 by 


 
2011 Saab PhoeniX Concept

Youngman Prepared To Invest $1.8 Billion In New Saab Models

The fate of Swedish automaker Saab is now in the hands of the receivers appointed to oversee the company’s post-bankruptcy asset sell-off. While there are bids in house... read more February 20, 2012 by 


 
Pininfarina logo

Pininfarina Reaches Debt Deal With Banks

Riddled with debt, legendary Italian coachbuilder and design house Pininfarina has announced that it has reached a debt restructuring deal with its lenders that provides the... read more February 16, 2012 by 


 
2012 Saab 9-3 Griffin range

Youngman Reportedly Rebuffed In Bid To Acquire Saab

There may be one final sad truth to the history of Saab: in bankruptcy, the pieces that once made up the whole of the brand are worth more than the brand itself. Saab’s... read more February 3, 2012 by 


 
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Sweden Repays Saab's EIB Loan, Becomes Its Largest Creditor

Sweden has stepped in to repay a loan between the European Investment Bank (EIB) and Saab, making it the single largest creditor of the now-defunct automaker. The loan, in... read more January 30, 2012 by 


 
2006 Saab Aero-X Concept

Saab Museum Saved By $4 Million Pledge: Report

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... read more January 25, 2012 by 


 
2011 Saab 9-5

Saab Cars North America To Be Liquidated

Following in the (likely) footsteps of Sweden’s Saab Automobile, the brand’s North American distribution company, Saab Cars North America (SCNA) has been marked... read more January 23, 2012 by 


 
2011 Saab 9-4X Aero

Turkish Private-Equity Firm Looking To Bid On Saab: Report

Yesterday we brought you news that Chinese auto giant Youngman, one of the original bidders for Saab before it went bankrupt, was still interested in buying what’s left... read more January 20, 2012 by 


 
2011 Saab 9-5 Aero

China's Youngman To Take One Last Shot At Saab: Report

In December 2011, Saab was forced into bankruptcy when pending deals between its parent, Swedish Automobile (Swan), and Chinese suitors Pang Da and Youngman fell apart. The... read more January 19, 2012 by 


 
1946 Ursaab Prototype

More Than 100 Cars From Saab Museum Listed In Bankruptcy Sale

In what’s sure to be both fulfilling and sad news for Saab fans all around the world, a Swedish law firm involved in the liquidation of Saab following last... read more January 17, 2012 by 


 
2009 Saab 9-3

GM May Cover The Warranty On Your Saab

A potential consequence of Saab’s bankruptcy filing is that owners of relatively new (or brand new) Saabs may be left without warranty coverage. Saab North America has... read more December 21, 2011 by 


 
2011 Saab 9-5

Saab Kills Warranties On All New And Used Cars: Report

Saab filed for bankruptcy just yesterday, and already the fallout is hitting owners: all warranties on new cars sold or leased are suspended, as are all claims currently in... read more December 20, 2011 by 


 
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