Update On Proposed Sale Of Saab Automobile And Saab GB

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile announce they have taken notice of a press statement issued by General Motors Company (General Motors) today regarding the proposed sale of all shares in Saab Automobile and Saab Great Britain Ltd. (Saab GB) to Pang Da Automobile Trade Company Ltd (Pang Da) and Youngman Automotive Group Company Ltd (Youngman).

Swan and Saab Automobile acknowledge the position taken by General Motors and will now discuss with Pang Da and Youngman to see whether a structure can be agreed which is acceptable to all parties concerned.

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Comments (7) TAGS Trollhättan / Saab Automobile / Swedish Automobile

Comments

Steve H Kehoe

DO NOT LET THIS BRAND DIE! DO NOT! I worked for Saab-Scania in Texas ad District Manager from 1979-1992 and signed many many good dealers. Anybody out there that was a member of the US Saab organization, or any of my friends in Sweden who read this, please respond to me!
Steve H Kehoe MU66@etex.net

# 1

November 7, 2011
Agris

Can we really expect new SAAB cars rolling out Swedish factory in 2012?
Hoping to see 9-5 Wagon on the streets.

# 2

November 10, 2011
JAS

I love China!

# 3

November 11, 2011
mikes1929

Tweet CNBC @Lebeaucarnews saying "LET SAAB GO! Do the story! Save jobs!"

# 4

November 12, 2011
Henry H

on my 5th SAAB since 1980. Obviously, I like them . Current car has less than 3700 on the clock. So what is going to happen about spares and servicing if the firm does go under ?

# 5

November 22, 2011
Alexandra

With all these silly wsebites, such a great page keeps my internet hope alive.

# 6

November 26, 2011
Lin

No-oooooooooo !!
I need my handbrake fixing on my (v nearly) vintage 90SE. We'll nip out and see whether Will's place is still functioning in Canterbury.
Such a great car.

# 7

November 29, 2011