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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Graham Hill, Car Finance Expert, Gives Details Of Saab Buyout

Tuesday, 23. March 2010

Good news for Saab lovers as it has been announced that GM finally agreed a deal with Spyker and that production on the new 9-5 has already begun with cars expected to appear in dealerships later this year. It has been a difficult time for existing owners, dealerships and the manufacturer’s staff but David Pugh of Saab GB now feels that all the problems are now behind them and the future is starting to look good.. They are looking forward to the release of the new 9-5 which will mark the re-launch of the brand. Good luck to them, Saab has been one of our most popular makes over the years and I’m pleased that they have been given another lease of life. By Graham Hill

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