Sweden
-
After months of failed funding negations and ceased production, Saab, along with its Saab Powertrain and Saab Tools subsidiaries, announced this week that it had filed for voluntary bankruptcy protection with the District Court in Vanersborg, Sweden. However, the court has rejected Saab’s application for protection from its creditors (mainly suppliers and labor unions), leaving the door open for bankruptcy. In response Saab aims to submit an appeal on the District Court’s decision on Monday, September 12. The original decision to reject the voluntary bankruptcy protection comes...
-
Saab Gains New Investor, Promises To Pay Workers
Saab has issued a new allotment of shares, roughly 17 percent of the company, to investment group GEM Global Yield Fund Limited.
Viknesh Vijayenthiran -
Saab Delays Production Start Yet Again
Saab has close to 11,000 orders for cars in its books but can’t secure the delivery of parts to start building them.
Viknesh Vijayenthiran -
Saab To Restart Production In August, Finalizes Real Estate Deal
Saab looks to be almost back in business, with the automaker announcing this week the finalization of yet another cash injection deal as well as a tentative August date for the restart of production at its main plant in Trollhattan, Sweden. Saab has announced that it has obtained final approval...
Viknesh Vijayenthiran -
Mystery Chinese Buyer Orders 582 Saabs, Helps Stave Off Bankruptcy
Late last week it was revealed that Saab couldn’t afford to pay its workers’ salaries and without any hope of a sudden inflow of cash would be forced into bankruptcy. Now, just several days on since that grim report it has been revealed that yet another Chinese party, this time...
Viknesh Vijayenthiran -
Volvo Avoids Animals With New Collision Detection Tech
When you're developing cars on roads that aren't unknown to feature the odd moose around the next corner, preventing drivers colliding with wild animals is understandably quite a priority for Volvo. To this end, Volvo has been developing a system based on its Pedestrian Detection and Full Auto...
Antony Ingram -
Volvo showed us its C30 Electric zero-emissions hatchback at the 2011 Detroit Auto Show back in January, which included a crashed example with the car's expensive battery pack fully intact, but now the automaker has confirmed that customer leases are about to start. Unfortunately, those leases are only scheduled to begin in Europe as Volvo has no plans to bring it over to the U.S. anytime soon. It doesn’t matter too much as the initial customer leases will mainly be provided to companies, authorities and governmental bodies. The markets Volvo has on its list include Sweden, Belgium, the...
-
Saab Restarts Production, Future Remains Uncertain
Saab has a trio of decent products now in showrooms, the latest-generation 9-5, a brand new 9-4X crossover and the recently updated 9-3, although the latter is soon to be replaced by a completely redesigned model next year. But given the brand’s lack of stability over the years, including a...
Viknesh Vijayenthiran -
Volvo Testing Flywheel KERS, Claims 20 Percent Fuel Consumption Drop
We’ve seen it in Formula 1 over the years, and Porsche has relatively successfully implanted one in its 911 GT3 R Hybrid race cars, but now Volvo is testing one with an aim to bring it to the world of production cars. We’re of course talking about a Kinetic Energy Recovery System...
Viknesh Vijayenthiran -
Swedish Beach Cruiser Concept Features 1950s Chevy Design With A Maritime Spin
They certainly are a creative lot over in Sweden. Not only have we enjoyed some oddball yet innovative designs from the likes of Volvo and Saab over the past several decades, but in more recent times we’ve also seen some whacky creations from some of the country’s smaller design firms...
Viknesh Vijayenthiran -
2012 Volvo XC70 And S80 Get New Safety And Infotainment Technology
Volvo is updating its XC70 crossover and S80 flagship sedan for the 2012 model year, adding its latest safety and infotainment technologies to the new models in an effort to keep sales chugging along against a much newer range of competitors. The new features include the latest Volvo...
Viknesh Vijayenthiran -
Saab Seeks New CEO, Considers Building Cars For Rival Firms
This past week Saab CEO Jan Ake Jonsson announced that he would be leaving his post, nearly 40 years after he first joined the company. In his place is Saab chairman Victor Muller who will look after the helm until a suitable replacement can be found. Muller, as you may recall, is the man behind...
Viknesh Vijayenthiran -
It appears Saab is relatively safe from going bankrupt in the immediate future, with the automaker announcing today the establishment of a new sub-assembly plant less than two miles from its main car plant in Trollhattan, Sweden. The plant is being established in partnership with automotive parts supply giant ZF and will supply front sub-frames and complete rear axle assemblies for installation in the next generation of Saab cars. Large sub-frame pressings will be stamped out at the Trollhattan plant and taken to the new sub-assembly plant where they will be welded together and fitted with...
-
2010-11 Saab 9-3 Recalled Because Of Faulty Fuel Pump
Owners of 2010 and 2011 Saab 9-3 models should be wary as the National Highway Traffic Safety Administration (NHTSA) is reporting that Saab has issued a recall on this particular model. The affected cars are those built from June 2010 through to December 2010. Saab claims that certain fuel pumps...
Viknesh Vijayenthiran -
Report: Saab Already Planning Updates For New 9-5
The new 2010 Saab 9-5 has just hit the scene here in the U.S. but already there’s word that some updates to the car are coming. Apparently Saab designers are looking to address some of the 9-5’s shortcomings, one of which is the reliance on suppliers originally inherited from General...
Viknesh Vijayenthiran -
Report: 2012 Volvo S60 To Feature Five-Cylinder Engine In Base Trim
In the U.S. the new 2011 Volvo S60 is offered exclusively with a turbocharged straight-six engine developing upwards of 300 horsepower and 325 pound-feet of torque, but overseas the car is offered with a whole range of engines including four- and five-cylinder turbodiesels and even a tiny 1.6-liter...
Viknesh Vijayenthiran -
Report: Volvo Considering R Performance Range Revival
With the exciting 2010 Volvo S60 just on the horizon, Volvo now has an opportunity to bring back the R performance range.
Viknesh Vijayenthiran -
Video: 2010 Saab 9-5 Hits The Road
Production of the 2010 Saab 9-5 will take place at the end of this year at Saab’s home plant in Trollhattan, with first sales tipped to start early next year.
Viknesh Vijayenthiran -
The re-confirmation of Volvo's plug-in hybrid plans doesn't necessarily include U.S. sales, however.
-
2010 Saab 9-5 Preview
The new 2010 Saab 9-5 will make its world debut next month at the Frankfurt Auto Show.
Jeremy Weber -
Official: GM And Koenigsegg Reach Agreement Over Saab
The sale is expected to close by the end of the third quarter.
Viknesh Vijayenthiran -
Preview: 2010 Volvo S60 sedan
Volvo is busy preparing its entry to the midsize sedan market in the shape of the upcoming 2010 S60, which will feature radical new styling picked up by the automaker’s concept of the same name that was revealed at this year’s Detroit Auto Show. Earlier this month, production of the...
Jeremy Weber -
Spy shots: Saab’s next-gen 9-5 takes shape
The Saab 9-5 is long overdue for an overhaul, with the current model first hitting the streets as far back as 1997. A totally redesigned model was rumoured to make an appearance last year but its release was pushed back due to limited resources at Saab and the introduction of the facelifted 9-3...
James Martinez -
Volvo offers S60 SE run out special
Production of the Volvo S60 finally came to an end last month, marking the end of a eight year product cycle that saw more than 580,000 cars roll off the line at the car’s Ghent factory in Belgium. To celebrate this milestone and clear any remaining stock before the all-new model arrives next...
Jeremy Weber