Saab Continue To Look For A Saviour

Saturday, 4. June 2011

Blue Saab Automobile wordmark.
Image via Wikipedia

Saab are set for a bumpy ride. No I’m not talking about suspension I’m talking about the proposed bid by Chinese manufacturer Hawtai to buy a 30% stake in its current owner Spyker for £134 million. The cash would have allowed the manufacturer to re-start production after a one month shutdown but the Hawtai shareholders refused to back the bid and approve it. Boss of Spyker, Victor Muller, has reportedly continued discussions with other Chinese companies after flying out to China but after cutting off discussions following the Hawtai bid he looks to be struggling putting the future of Saab in doubt.

Any deal by a Chinese company will need to be approved by the Chinese Government. I find this all very sad as I am a supporter of Saab. I hope they manage to pull it off and survive. Any views on this? Please let me know. By Graham Hill

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Will Saab Survive As A Brand?

Tuesday, 19. January 2010

 I reported last week about the fire sale of Saab to the Chinese and my hope that the manufacturer will still continue. Well I’m pleased to advise that it looks as though the new 9-3 and 9-5 will continue as planned, great news in my opinion albeit that the future of the company is still rather sketchy. However, having just read this news I heard that Ford owned Volvo has just been bought by Chinese company Zhejiang Geely Holding Group, with the sale expected to complete by mid year. The Swedes appear to be as indifferent about their car making heritage as we were in this country a few years ago when our home grown car industry collapsed. All such a shame. By Graham Hill