Saab 9-3 gets Another Chance in Life in China as an All-Electric Model from BAIC

We have been critical of the clones produced by Beijing Automotive Industry Holding Co. (BAIC for short) such as its Mercedes B-Class doppelganger called the BC301Z, but the Saab 9-3 sedan pictured above is actually legit.

You see, GM sold the intellectual rights for Saab's older generation 9-5 and 9-3s along with select powertrain technology and tooling equipment to China's BAIC for US$200 million back in 2009, when it still owned the Swedish carmaker.

BAIC's subsidiary Beijing Auto Works (BAW) had previewed its own versions of the Saab 9-3 and 9-5 sedans with two separate concepts called the C60 and C71 respectively, during the 2010 Beijing Auto Show.

For its next move, BAIC is finishing work on a pure-electric model based on the Saab 9-3. Codenamed the Q60FB-C1, it will likely make its first public outing at the upcoming 2012 Beijing Auto Show in April.

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'Half Price' Saab Dealer Shutting Down, Publishes Letter Putting Part of the Blame on GM

You may remember our Saab post from earlier this week where we asked you if you'd buy 9-3 or 9-5 sedan at half price. Among the deals we listed were several low mileage loaners with a 50 percent discount from the Shaw Saab dealership in Norwell, Massachusetts.

As we learned today from the Saabsunited enthusiast site, the aforementioned dealership is closing shop on February 3 after 44 years as an exclusive Saab seller.

Fred Shaw, the owner, posted a letter on the company's Facebook page where he announces the shut down and outlines his future plans, which include the selling of the real estate to Herb Chambers (the car shop equivalent of Dunkin Donuts in Massachusetts), who will turn it into a Lexus shop.

Nothing unexpected there, but in his letter, Shaw also refers to General Motors and the role it played in the outcome of Saab's failed reorganization efforts. Being an official dealer, Shaw's view on the matter makes for an interesting read. You can check out the letter right after the break.

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2011 Saab 9-3 and 9-5 Sedans for Half Price, but Would You Buy Them?

Ever since we learned about Saab's bankruptcy, many pondered whether it would be a good idea to buy a brand new or a very low mileage example from dealers that wanted to get rid of the cars they had in stock at marked down prices.

The problem is that these cars are offered without a manufactures warranty while we're still not certain what's going on with parts, because sure you can get an awesome deal, but what happens if something breaks or needs replacement on your car; will you find a part in a timely manner and equally important, at what cost?

It's good to keep in mind that being an older model, it's much easier to find replacement parts for the 9-3 series than it is for the newer 9-5.

Lots of questions not too many answers, and this is something that will likely make most mainstream buyers wary.

What we can say is that over the past few weeks that we have been following the subject, prices of the remaining Saab cars in the U.S. have dropped significantly.

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Always Look on the Bright Side of Life: What Saab’s Demise May Mean for Buyers

"If Saab’s future seems jolly rotten
There's something you've forgotten
You can buy a heavily discounted brand new car
When you're feeling in the dumps
Don't be silly chumps
Just walk into your nearest Saab dealership - that's the thing.

And...always look on the bright side of life...
Always look on the light side of life..."

First of all, we hope Monty Python won’t mind altering their song from The Life of Brian. We'd also like to note that we are in no way making fun of the fact that, unless something unexpected happens, Saab is closing shop – for good this time, leaving thousands of workers unemployed.
We’re just trying to say that, in the event the liquidation of the car company goes through, there are consequences but not all of them are bad for consumers.

Saab Files for Bankruptcy After All Rescue Plans Fail, This Could be the End

It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final.

Earlier this morning, Swedish Automotive N.V. (Swan) announced that Saab Automobile, Saab Automobile Tools and Saab Powertrain filed for bankruptcy with the District Court in Vanersborg, Sweden.

This comes after Youngman, the Chinese company which last week promised to pay for the carmaker’s restructuring, informed Saab that it cannot provide the funding necessary for the continuation of the process.

Therefore, Swan concluded that, with GM vetoing any proposed plan until now, and without the essential funding, it would be insolvent. Thus, it was better for its creditors to file for bankruptcy.

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Attention, Serious Buyers Only: 1995 Cadillac 900S Convertible

From the 1980s right through to the beginning of the 21st century, General Motors tried its best to simplify the art of badge engineering as a cheap and easy way to expand its offerings and increase its profits.

Apparently, some of GM's enthusiasm for badge-trickery managed to rub off on certain consumers like the owner of this 1995 Saab who artfully transformed the open-top model into the Cadillac 900S Convertible in a way that a 1990s GM exec would say, "why didn't I think of that?"

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2013 Saab 9-3 Design Proposal Leaks on the Internet

The past two years have been a very bumpy ride for Saab. However, after the rain comes the rainbow – and after narrowly escaping bankruptcy and making a deal with Pang Da and Youngman, a sketch for a replacement of the ageing 9-3 has appeared online.

The image was discovered by Swedish daily newspaper SvD Naringsliv that managed to get access to a power point presentation that was made by the automaker to the National Debt Office and the European Investment Bank back in January.

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New Saab 9-3 to Debut in Early 2013 with a Different Name, 9-2 Successor Still on the Table

Refreshingly enough, this isn’t a story about Saab’s troubles. Instead, it is a ray of hope as the Swedish carmaker lays out its plans for the future. These include a replacement for the aging 9-3 sedan, which according to Saab’s North American president, Tim Colbeck, will debut in the first quarter of 2013. Read more »

Saab Says it Can’t Pay Workers, Company’s Survival in Doubt

New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.

Swedish Automobile said it and Saab “are in discussions with various parties” to secure short-term funding, including through a sale and lease-back of Saab’s real estate assets.

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Saab Production on Hold for at least Two More Weeks

Ailing Swedish car manufacturer Saab will not be producing new vehicles for at least two more weeks until it resolves the problems with its suppliers, the company said on Monday.

"There will be no normal production during weeks 25 and 26 (June 20th-July 3rd)," Saab spokeswoman Gunilla Gustavs told Reuters. "We are still negotiating with all suppliers and we need to get everyone on board at the same time. The weeks of 27-29 (July 4th-24th) are planned to be normal working weeks".

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Saab Temporarily Suspends Production Again while it Seeks Parts

The on-off production drama over at Saab’s Trollhättan facility in Sweden continues as the troubled automaker said Wednesday that it temporarily halted production due to a lack of components from its suppliers only two weeks after resuming making cars following a seven-week shutdown.

Saab said that it anticipated production hiccups in the start-up phase, as the supply chain still is not fully operational with some suppliers holding back until they get paid and others trying to re-stock.

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China’s Pang Da Places a New €15 Million Order for Saab Vehicles

Chinese distributor Pang Da Automobile is pumping more cash into Spyker NV's ailing Swedish unit Saab by placing a new order for 630 vehicles valued at €15 million or US$21.5 million. This latest order comes after an earlier one last week for 1,300 cars worth €30 million (US$43.2 million) and is part of a broader deal in which Pang Da agreed to buy a 24 percent stake in Saab’s parent company Spyker for €65 million (US$93.5 million).

The Swedish automaker said that as with the first order, Pang Da will pay the additional €15 million order up front with the funds expected to be received by the end of this week. Delivery of the vehicles ordered by Pang Da will start in the fall of this year.

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Saab Returns from the Dead…Again, Restarts Production at its Trollhättan Factory

Saab is back in the business of making cars again -at least for now- almost two months after production came to a halt on April 6 when the company’s suppliers stopped deliveries of parts in protest over unpaid bills. The Swedish company was able to restart production after receiving €30 million (US$42.8 million) in advance on a deal it has signed with Chinese car distributor Pang Da Automobile.

The China company’s CEO, Mr. Pang Qinghua, visited the Trollhättan factory today together with CEO and Chairman of Saab Automobile, Victor Muller, and witnessed the first vehicle to roll off the assembly line. Saab said around 100 cars were built today but plans to “increase the daily production rate in the coming weeks in parallel with the full re-establishment of the supply chain”.

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What Lies Ahead in Saab’s Future?

Saab is in trouble. With mounting debts and limited capital investment, the Swedish company is a prime candidate to go the way of the dinosaurs. The troubled automaker has not built a single vehicle since the 1st of April, and a much touted deal with China’s Hawtai Motor Group has fallen through. They did however sign a Memorandum of Understanding (MoU) with another Chinese company called Pang Da Automobile Trade Co. Ltd, earlier this week, but we will have to wait and see if the deal goes through.

In light of this, I’ve thought up four plausible (though unlikely) scenarios for Saab. These range from the hugely cynical all the way to the brazenly optimistic. After all, isn’t it better than Saab has some future rather than no future at all? Without further ado, here are your options:

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Saab’s 900 / 9-3 Convertible Turns 25 this Year

This year marks the 25 anniversary of Saab’s Convertible model that was first launched under the 900 nameplate and later on, the 9-3 moniker, which is still used today. And while the Swedish firm’s current financial woes don’t allow for a more appropriate celebration, Saab released some key facts and figures on its drop top model.

The convertible’s history started in 1983 at the Frankfurt Motor Show, where Saab unveiled a new concept model with a powered soft-top based on the 900 liftback. After gauging the public’s reaction, Saab decided to introduce a production version of the four-seater model, which was built by Finland’s Valmet Automotive.

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Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.

The government has approved a proposal from the Debt Office to allow Saab to sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back from him. The minister said this deal would bring €30 million to Saab in the first phase, although the real estate was worth much more than that.

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Saab Roller Coaster Continues as Cash Gets Tight

Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers.

The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan, meaning whatever Spyker's resolution calls for must get the go-ahead from the Man.

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SAAB CEO Jan Åke Jonsson to Retire, Victor Muller Takes Over Temporarily

Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime Saab executive is found, Spyker Car’s CEO Victor Muller will temporarily assume the role of President and CEO of Saab Automobile AB in addition to his role as Chairman of the Board.

The 59-year old executive, who has worked for Saab for close to 40 years, took over the helm of the company in 2005 when it was still under the ownership of General Motors. Jonsson has been credited for playing a key role in the savior of Saab when the Detroit automaker wanted to close down the brand.

“I have been with Saab Automobile for almost my entire career of 40 years, of which almost six years as the head of Saab Automobile,” said Jonsson in a statement. “The last three years have of course been very demanding and forced me to focus on one thing only – my work. Now it is time for me to also spend some time on other things that had to stand back for my duties to Saab Automobile.”

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Saab Releases UK Pricing and Specs for 2012MY 9-3 Range

We had our first look at the modestly refreshed 2012MY 9-3 range at the Geneva Motor Show earlier this month, but today, Saab GB announced prices and specifications ahead of the UK launch next month.

The new model year brings some subtle exterior updates such as the restyled front bumpers, ‘ice block’ headlamps, a new grille, a Saab word mark that replaces badging on the chrome trim at the rear end and the addition of a boot-mounted spoiler for the sedan variants.

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VIDEO: SAAB Design Boss Jason Castriota Talks PhoeniX

We've already brought you the news on Saab's PhoeniX concept that's built on the underpinnings of the next 9-3 series and is on display at the Geneva Motor Show, but the Swedes have just released a video with the firm's new Design Director Jason Castriota giving us a tour of the 2+2 coupe.

In the video after the break, Castriota explains the PhoeniX's bespoke design features and its significance for the future of Saab product design starting off with the next generation of the 9-3 which is scheduled for release in 2012.

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