Sweden

The ongoing tale of Saab's sale may be drawing to a close, as early reports out of Sweden today have General Motors and Swedish supercar maker Koenigsegg, along with a group of Norwegian investors, agreeing to the deal in a letter of intent. GM confirmed in its February viability plan that it would...

Despite Volvo being a Swedish company, the trouble-stricken carmaker may have to look to the Belgian government for financial aid to help keep it on its feet. Volvo currently operates a plant in the Flanders region of Belgium, and the Flemish Premier Kris Peeters has been in talks with Volvo CEO...

The future of Saab is starting to look much brighter, thanks in part to important concessions from General Motors to help it build and design its own range of cars in the future, as well as a likely extension from Swedish courts for its restructuring deadline. For a while it looked as though Saab...

The last thing we heard about Saab was that the struggling General Motors division had up to 20 interested buyers and a May 20 deadline to restructure under the guidance of Swedish courts. Now it’s been revealed that Saab is open to talks with Fiat, which is currently eyeing a takeover of...

Production of the Volvo S60 is coming to an end as the current model will soon be phased out in the lead up to an all-new model due next year. Production of the car at Volvo’s plant in Ghent, Belgium, is scheduled to end next month, marking the end of a eight year product cycle that saw more...

Ford is having trouble offloading its failing Volvo subsidiary but the company is determined to sell it and has already started approaching potential buyers in spite of the tough economic conditions. The Blue Oval has been in talks with a number of potential suitors in the recent past, and the...

Swedish carmakers Saab and Volvo are in a similar predicament. One is owned by struggling Detroit carmaker General Motors and the other by Ford, and both are being spun-off from their respective parent companies in light of significant losses over the past couple of years. For Saab, GM simply cut...

Strange times are on the car industry, perhaps none stranger than what's facing Toyota right now with its European inventory backlog. Short of storage space for cars that are unsold in the EU, Toyota has taken to floating the cars just off the shore of Sweden in a rented container ship. The...

The solipsism of American media has a way of quietly filtering out much of the rest of the world, but the car industry is in a pinch just about everywhere. Nowhere is that picture clearer than in Sweden where ailing carmakers Saab and Volvo have been seeking government aid for months. Today word...

Tapping into the burgeoning wagon-based crossover market, currently dominated by the likes of the Subaru Outback and Volvo XC70, Saab has released a new contender in the form of the 9-3X. Set to make its world debut at next month’s Geneva Motor Show, the 9-3X is ideal for those looking for...

The Saab 9-3X has been revealed. Click here for all the details. Due for its debut at next month's Geneva Motor Show, the Saab 9-3X was recently caught while undergoing cold weather testing in Sweden with barely a hint of camouflage material. As expected, the vehicle is essentially a...

A next-generation Buick small sedan, headed for sale in the U.S. and China, could be built around the FWD Delta II platform in Opel's Russelsheim, Germany plant, according to sources inside Opel. The move would displace some Saab production, but the next-generation 9-3 is already expected to be...

Vizualtech, a Swedish design firm that specializes in constructing virtual 3D models of cars and boats, has just released a new set of images of a race-inspired Volvo C30 hatch. The focus when designing the car was to create something that could compete in the DTM touring car series or possibly a...

Free maintenance programs were once de rigeur for the upper ranks of the automobile industry, but the service has been dying a slow death with brands like Mercedes-Benz and Audi abandoning their programs. BMW and Saab kept theirs however, and Volkswagen recently announced the start of free...

The U.S. House of Representatives has just passed the $14 billion loan bill and it's now headed to the Senate, but that's not the end of the story. Lawmakers in Sweden have proposed their own aid package, totaling $3.4 billion for their country's auto industry. The primary players there are Saab...

Labor negotiations between Volvo and Sweden's auto worker union have come to a close today, resulting in the termination of 2,721 emloyees, the vast majority of which are blue collar workers. The layoffs come as Ford has engaged Shanghai Automotive Industry Corporation (SAIC) in talks to buy the...

Swedish carmakers Saab and Volvo are in dire straits due to the poor financial performance of their respective parent companies General Motors and Ford. When compared to one another, however, Volvo's future is decidedly rosier due to the fact that it has more models, better research facilities and...

Yesterday all three of America's major carmakers revealed their future plans to Congress, and a part of General Motors' was the possible sale of Saab. While the brand is still being reviewed, and no decisions have yet been made, GM says it will make the choice to keep or sell quickly. "We will work...

General Motors has disavowed selling any of its brands but Hummer, but tough financial and market situations are bringing serious pressure to bear. Just this morning, Ford has announced it is opening up consideration of 'strategic options' for its Volvo brand, reversing repeated denials that the...