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Saab 96. Saab, "Svenska Aeroplan Aktiebolaget" (Swedish for "Swedish aeroplane corporation"), a Swedish aerospace and defence company, was created in 1937 in Linköping.The company had been established in 1937 for the express purpose of building aircraft for the Swedish Air Force to protect the country's neutrality as Europe moved closer to World War II.
From 1947, Saab started producing automobiles, the automobile division being spun off as Saab Automobile in 1990, a joint venture with General Motors. The joint venture ended in 2000 when GM took complete ownership. From 1968 onwards the company was in a merger with commercial vehicle manufacturer Scania-Vabis, known as Saab-Scania.
Saab Automobile was sold to Spyker Cars N.V. in 2010 after a deal between Spyker and then-current owner General Motors.After struggling to avoid insolvency throughout 2011, the company petitioned for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and ...
NEVS signed a licensing agreement with Saab AB regarding the rights to use the Saab brand name for its future vehicles. The vehicles and related products and services were named Saab, although the former Saab griffin logo was not used, as Scania AB wanted exclusive rights to the logo and feared it may end up in the wrong hands due to its high ...
Saab introduced a wagon variant of the new 9-5, dubbed "SportCombi," at the 2011 Geneva Motor Show. [23] The Saab 9-5 Sedan 2.8 V6 Turbo was named Car of the Year in Singapore by "Wheels Asia". [24] Production of the 9-5 ended in March 2011 with Trollhättan production stopping due to the company's failing liquidity. [25]
2011 Saab 9-5, the first Saab vehicle released under Spyker ownership. In late November 2009, following the collapse of Koenigsegg Group's acquisition of Saab Automobile from General Motors (GM), Spyker placed a bid of its own to acquire Saab.
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The Swedish government was asked to look into a possible state ownership of Volvo, or a financial bailout for Volvo Cars and SAAB of GM. Former parent AB Volvo agreed to help Volvo cut costs through partnerships, and suggested taking part in a shared ownership of Volvo Cars, as part of a larger consortium.