Saab Specialists

Saab Specialists Information

Formed in Sweden in 1945, the Swedish car manufacturer's first model, the Saab 92 was first launched in 1949. In 1968 the parent company merged with Scania-Vabis and then a decade later in 1978, Saab launched it's best ever selling model, the Saab 900. Nearly 1,000,000 Saab 900's were produced in over 30 years of production. The Saab 900 still remains a cult classic with many enthusiasts. In the 1980's Saab launched the Saab 900 and in 1989 the car division of Saab-Scania was turned into an independent company. General Motors (GM) invested around $600 million into company and owned 50% of the car manufacturer. Part of the restructuring gave GM the option of purchasing the remaining 50% of the company in the year 2000, of which they did do and invested a further $125 million. The subsequent wholly owned subsidiary was then sold to the Dutch car manufacturer Spyker Cars in 2010.

In more recent times the company endured many company restructures, new owners and financial problems. Saab filed for bankruptcy in December 2011. There have been many interested parties who have wants to own, or part-own the Saab brand. A Chinese consortium, which at the time, seemed to the most likely takeover candidates were block by the then owners GM. GM opposed the transfer of technology and the production rights to a Chinese company.

It was announced in June 2012, a Chinese-Japanese consortium NEVS (National Electric Vehicle Sweden) has acquired Saab Automobile AB and its subsidiaries. Although, the trademarked Griffin logo used on Scanias and Saabs was not granted for fear that the logo is of value and would end up in the wrong hands due to the Chinese interest in the company. The plan for the brand is to build electric only vehicles that should be launching in 2014.

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