Editor/Reporter - CheersandGears.com
December 23, 2011
Earlier this week, we reported on which companies were going after Saab's assets, including Youngman Automotive and possibly Turkey. Well, one of Saab's biggest assets has been sold to Youngman.
Youngman said yesterday, they had purchased Saab’s “Phoenix” vehicle architecture. Phoenix was a homegrown architecture that would begin underpinning new Saab vehicle, beginning with the new 9-3. The architecture is said not have any relation to any GM based architecture.
Rachel Pang, a Youngman Spokesperson told Automotive News China that the firm has already gone through the motions of setting up a firm in Sweden to develop new cars on Phoenix.
Source: Automotive News China via Left Lane News