Jump to content
Sign in to follow this  
William Maley

SAAB News: Saab To Live Again As A Electric Car Maker

Recommended Posts

William Maley

Editor/Reporter - CheersandGears.com

June 13, 2012

Despite the heavy odds against it, Saab will rise up once more.

Today, Saab’s bankruptcy administrators, Anne-Marie Pouteaux and Hans L. Bergqvist, announced that National Electric Vehicle Sweden AB has agreed to purchase a majority of Saab. National Electric Vehicle Sweden AB is a consortium made up by Hong Kong-based National Modern Energy Holdings Ltd. and the Japanese investment group Sun Investment LLC.

The deal includes a production facility, Saab Tools, test facilities, Saab Powertrain, and the 9-3 architecture. Not included intellectual property rights to the 9-4x or 9-5 and Saab Parts. Neither one of the parties would reveal the purchase price.

At a news conference earlier this morning in Trollhattan, NEVS chief Karl Johan Jiang revealed the that the consortium will use the Saab name. Also, NEVS said their first vehicle would be based on the current Saab 9-3 with Japanese technology and come out sometime in late 2013 or 2014. The vehicle will be built in Trollhattan.

Source: The New York Times, SaabsUnited

Click here to view the article

Share this post


Link to post
Share on other sites

Why do I see this as the GOV wasting money there to try and save union jobs on a dead product line.

Electrical plug in SAAB will not save this company. I guess they feel with the down eruo economy, it was probably pennies on the dollar to pick up the pieces and give it a try. At least then when it fails they can say we tried one last time.

I truly believe CNG is a better focus than Electrical at this time.

Share this post


Link to post
Share on other sites

So they got old Epsilon 1 out of the deal to make electric cars but not Epsilon 2 nor Theta.

Good luck with that...

... but what of the Phoenix platform?

Share this post


Link to post
Share on other sites

... but what of the Phoenix platform?

That will be their second car.

First product for Saab will be a developed 9-3 Electric Car. The 2nd will be a new generation 9-3 built upon the phoenix platform combined with cutting-edge Japanese technology.

Share this post


Link to post
Share on other sites

A fork has been stuck in SAAB so many times it's a joke, and the final taser shot of electricity is unfunny.

Share this post


Link to post
Share on other sites

and so many want to aspire to be like Sweden, Norway etc.

The 9-3 is ancient! good car, maybe there will be a plug in BLS sedan!!!

Yeah this reeks of govt propping up to save jobs....lol but how is this different than here?

at least it keeps the brand............

sucks ass that the 9-5 is not continuing..... I test drove one and really loved it.

Share this post


Link to post
Share on other sites

SAAB - 'Born From Jets' ...to... SAAB - 'Plug Me In'

Someone needs to let the sleeping (dead) dog lay

  • Upvote 1

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



  • Today's Birthdays

    1. InvictaMan
      InvictaMan
      Age: 59
  • Similar Content

    • By William Maley
      Airbag manufacturer Takata is at the center of one the largest automotive recalls which affect an estimated 100 million vehicles from two dozen automakers around the world. The airbags in question have inflators that can rupture and send shrapnel flying in the event of a crash. They have been linked to at least 16 deaths and 180 injuries. Now, the next chapter begins as Takata filed for bankruptcy.
      Yesterday, TK Holdings (Takata's U.S. operations) filed for Chapter 11 bankruptcy in Delaware on Sunday with liabilities totaling between $10 billion to $50 billion. The company would file for bankruptcy in Japan today.
      Takata also announced that it would be selling its key assets to Key Safety Systems, a Michigan-based supplier owned by China's Ningbo Joyson Electronic Corp. The purchase will cost Key $1.6 billion.
      At a press conference today in Tokyo, CEO Shigehisa Takada said the company had no choice to sell their assets due to liabilities increasing and finances collapsing.
      "We spent much time on negotiations, it was extremely difficult to reach an agreement with more than 10 carmakers worldwide and a sponsor candidate company," said Takada.
      "If things are left as is, we are aware of risks that we may not able to raise fund and to continue stable supply of products. In light of the management environment we face, the state of negotiations with the sponsor candidate and carmakers, and the external expert committee's opinion, we have decided today to file for bankruptcy protection."
      Takata attorney Nobuaki Kobayashi said the total amount of liabilities was still unknown and the company is in talks with automakers to figure out the worldwide cost. According to Automotive News, analysts put potential liabilities as high as $10 billion for ongoing recalls, penalties and settlements. A report from Tokyo Shoko Research Ltd., puts Takata total liabilities at 1.7 trillion yen (about $15 billion).
      Back in February, Takata pleaded guilty to wire fraud charges in the U.S. for withholding key information about the defects and manipulating test data. 
      Source: Automotive News (Subscription Required), Reuters

      View full article
    • By William Maley
      Airbag manufacturer Takata is at the center of one the largest automotive recalls which affect an estimated 100 million vehicles from two dozen automakers around the world. The airbags in question have inflators that can rupture and send shrapnel flying in the event of a crash. They have been linked to at least 16 deaths and 180 injuries. Now, the next chapter begins as Takata filed for bankruptcy.
      Yesterday, TK Holdings (Takata's U.S. operations) filed for Chapter 11 bankruptcy in Delaware on Sunday with liabilities totaling between $10 billion to $50 billion. The company would file for bankruptcy in Japan today.
      Takata also announced that it would be selling its key assets to Key Safety Systems, a Michigan-based supplier owned by China's Ningbo Joyson Electronic Corp. The purchase will cost Key $1.6 billion.
      At a press conference today in Tokyo, CEO Shigehisa Takada said the company had no choice to sell their assets due to liabilities increasing and finances collapsing.
      "We spent much time on negotiations, it was extremely difficult to reach an agreement with more than 10 carmakers worldwide and a sponsor candidate company," said Takada.
      "If things are left as is, we are aware of risks that we may not able to raise fund and to continue stable supply of products. In light of the management environment we face, the state of negotiations with the sponsor candidate and carmakers, and the external expert committee's opinion, we have decided today to file for bankruptcy protection."
      Takata attorney Nobuaki Kobayashi said the total amount of liabilities was still unknown and the company is in talks with automakers to figure out the worldwide cost. According to Automotive News, analysts put potential liabilities as high as $10 billion for ongoing recalls, penalties and settlements. A report from Tokyo Shoko Research Ltd., puts Takata total liabilities at 1.7 trillion yen (about $15 billion).
      Back in February, Takata pleaded guilty to wire fraud charges in the U.S. for withholding key information about the defects and manipulating test data. 
      Source: Automotive News (Subscription Required), Reuters
    • By William Maley
      One of the groups that haven't been able to take any legal action against General Motors over the faulty ignition switch were those who bought the affected vehicles before the company announced bankruptcy in 2009. Last year, a bankruptcy judge said that New GM was shielded from liabiliites over the actions taken by Old GM.
       
      But today, the U.S. Second Circuit Court of Appeals in Manhattan reversed that decision. In the ruling, the court stated that New GM must face some of the claims from owners that arose from their actions before their bankruptcy.
       
      “We are reviewing the ruling and its impact. Even if some claims are ultimately allowed to proceed, the plaintiffs must still prove their cases," said GM spokesman Jim Cain in an email to the Wall Street Journal.
       
      This decision could expose GM to additional costs as it tries to move away from this mess. According to the ruling, the protection given to GM shielded them from up to $10 billion of liability claims.
       
      Source: Automotive News (Subscription Required), Wall Street Journal (Subscription Required)
    • By William Maley
      General Motors today announced another set of recalls that covers over 500,000 vehicles,
      The first and largest recall is for the Chevrolet Camaro from the 2010-2014 model year due to the key fob being accidentally hit by a driver's knee and causing the key to move out of the move position. GM says this isn't a problem with the ignition switch, but with the key fob itself. GM also said that it is aware of three accidents where the key fob was the problem.
      A total of 511,508 Camaros worldwide will get a separate ignition key and fob to fix this problem. Dealers have been told to stop selling Camaros for the timebeing.
      The other recalls issued by GM include:
      28,789 Saab 9-3 Convertibles from the 2004-2011 model years for a cable in the driver's side seat belt tensioner that could break, causing the seat belt not to retract. Dealers will replace the tensioner, while GM will issue a lifetime warranty on the passenger side tensioner. 21,567 Chevrolet Sonics from the 2012 model year equipped with the 1.8L four-cylinder and six-speed automatic transmission. A transmission shaft can fail, causing a transmission problems, some of which could be sudden. Dealers will install a new shaft. 14,765 Buick LaCrosses from the 2014 model year for a wiring splice in the driver’s door may corrode and break, allowing someone to operate the power windows and sunroof when key is no where near the vehicle. Dealers will inspect the wiring harness and if need be, replace the splice. Source: General MotorsPress Release is on Page 2

      Page 1 of 2 1 2 → Last » Click here to view the article
    • By William Maley
      General Motors today announced another set of recalls that covers over 500,000 vehicles,
      The first and largest recall is for the Chevrolet Camaro from the 2010-2014 model year due to the key fob being accidentally hit by a driver's knee and causing the key to move out of the move position. GM says this isn't a problem with the ignition switch, but with the key fob itself. GM also said that it is aware of three accidents where the key fob was the problem.
      A total of 511,508 Camaros worldwide will get a separate ignition key and fob to fix this problem. Dealers have been told to stop selling Camaros for the timebeing.
      The other recalls issued by GM include:
      28,789 Saab 9-3 Convertibles from the 2004-2011 model years for a cable in the driver's side seat belt tensioner that could break, causing the seat belt not to retract. Dealers will replace the tensioner, while GM will issue a lifetime warranty on the passenger side tensioner.
      21,567 Chevrolet Sonics from the 2012 model year equipped with the 1.8L four-cylinder and six-speed automatic transmission. A transmission shaft can fail, causing a transmission problems, some of which could be sudden. Dealers will install a new shaft.
      14,765 Buick LaCrosses from the 2014 model year for a wiring splice in the driver’s door may corrode and break, allowing someone to operate the power windows and sunroof when key is no where near the vehicle. Dealers will inspect the wiring harness and if need be, replace the splice.

      Source: General Motors
      Press Release is on Page 2
      GM Proactively Announces Four New Recalls
      DETROIT – General Motors will recall all current generation Chevrolet Camaros because a driver’s knee can bump the key FOB and cause the key to inadvertently move out of the “run” position, with a corresponding reduction or loss of power.
      The issue, which may primarily affect drivers sitting close to the steering column, was discovered by GM during internal testing following the ignition switch recall earlier this year.
      “Discovering and acting on this issue quickly is an example of the new norm for product safety at GM,” said Jeff Boyer, vice president of GM Global Safety.
      The Camaro ignition system meets all GM engineering specifications and is unrelated to the ignition system used in Chevrolet Cobalts and other small cars included in the ignition switch recall.
      GM is aware of three crashes that resulted in four minor injuries that it believes may be attributed to this condition.
      The company will change the Camaro key to a standard design from one in which the key is concealed in the FOB and is opened by pushing a button. The change will make the ignition key and FOB independent of each other, so that inadvertent contact with the FOB won’t move the key from the “run” position. There are 464,712 Camaros from the 2010-2014 model years in the U.S. included in the recall. Including Canada, Mexico and exports, the total recall population is 511,528.
      Separately, GM also announced two safety recalls and one non-compliance recall involving a total of 65,121 cars in the U.S. all three of which were reported to the NHTSA on Wednesday, June 11, 2014. Including Canada, Mexico and exports, the total recall population is 69,839.
      In all cases, customers will receive letters from GM letting them know when they can bring their vehicles into a dealership, where the recall repairs will be performed free of charge and courtesy transportation would be provided as needed.
      The recalls:
      28,789 Saab 9-3 convertibles from the 2004-2011 model years for an automatic tensioning system cable in the driver’s side front seat belt retractor that could break. If the cable were to break, seat belt webbing spooled out by the driver would not retract. The convertibles and sedans were investigated at the same time, but the convertible parts were not identical to the sedan parts. GM has since learned of customer complaints to the NHTSA for the convertibles. Dealers will replace the driver’s side retractor in the recalled vehicles. In addition, GM has issued a special coverage, so that if the same repair is required to the passenger side retractor it will be covered for the life of the vehicle. GM also extended the special coverage for passenger side belt retractors on the 2004 Saab 9-3 sedan from the original 10-year coverage to the life of the vehicle, like the convertibles. GM is unaware of any crashes, injuries or fatalities due to this condition.
      21,567 Chevrolet Sonic 2012 model year compacts equipped with a six-speed automatic transmission and a 1.8-liter four-cylinder engine for a condition in which the transmission turbine shaft may fracture as a result of a supplier quality issue. If this were to occur in first or second gear, the vehicle could not upshift into third through sixth gears. If the turbine shift fractured while in one of the higher gears, the vehicle would coast until it was moving slow enough to downshift into first or second gear. In both instances, a malfunction indicator lamp may illuminate. If driven in this condition for a long period of time, all forward gears may become inoperable. The engine would continue to run and all power accessories would function. Dealers will replace the transmission turbine shaft. GM is unaware of any crashes, injuries or fatalities related to this condition.
      14,765 model year 2014 Buick LaCrosse sedans because a wiring splice in the driver’s door may corrode and break. That may communicate incorrect information to circuits that control the door chime and allow passenger windows, rear windows and the sunroof to function when the vehicle is turned off and the driver is not in the vehicle. In addition, a chime will not sound when the driver’s door is opened if the key is in the ignition.
      Dealers will inspect the driver door window motor harness and, if necessary, replace an electrical splice. GM is unaware of any thefts, crashes, injuries or fatalities related to this condition.
  • My Clubs

  • Who's Online (See full list)

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets

facebook

×