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New Saab models postponed

Several of Saab’s new models and development projects are being delayed while the potential deal with Koenigsegg gets more cluttered.


[Sneak preview of the 2010 Saab 9-5]
Related news:
• Saab deal complete by
the end of September

• The “Saab ghost” is pulling out
• Saab deal may be cracking
• Saab Automobile doubles its loss
• Koenigsegg: “We have
great purchasing power”

• Confirmed: Koenigsegg wins Saab bid
• Saab back in Nordic hands
after 19 years with GM

• Koenigsegg questionable owner of Saab
• Volvo stakeholder in Saab-bidder

The launch of a number of new Saab Automobile models has been postponed while the previously announced rise in production volumes after the summer is cancelled. Instead, manufacturing will continue to run on low-speed with only 100 cars produced a day, business daily Dagens Industri wrote.

The new Saab 9-5, set to be launched spring next year, is one of the models that is likely to be put on hold.

Saab is doing its best to keep head over the surface as its management impatiently waits for the potential deal between Koenigsegg and Saab’s owner General Motors to be finalized. At the moment Koenigsegg group is in talks with the Swedish government about a state guarantee for a 4.3 billion kronor ($593 million) loan from the European Investment Bank. The loan would form a vital part of the financing for the acquisition.

Last week one of Koenigsegg Group’s key investors, Mark Bishop, got cold feet and sold his 22.2 percent stake in the company because of the massive attention the deal has brought upon, the business daily wrote, adding further confusion to the already notable deal.

The delay of the development projects is another hard hit for a large number of consultants and subcontractors. The consultant firms Aspinova and Idéteknik Lundgrens, with ongoing assignments for Saab, have gone bust while Epsilon has been forced to large layoffs.

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Last Updated (Thursday, 13 August 2009 08:05)

 

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