National Electric Vehicle Sweden (NEVS), the Chinese backed company formed to buy the assets of Saab, says that it has hired 300 workers for the factory in Trollhattan, Sweden and that it hopes to start making cars again there by the end of this year. Mikael Oestlund, a spokesman for NEVS, told Automotive News Europe that the Trollhattan plant is “practically ready” to begin production of the 9-3 sedan. That production is dependent on coming to agreements with suppliers. Also, some of Saabs former suppliers failed when the automaker went under and replacements for those parts must be found. “We are not there yet and therefore we are not able to make the decision of start of production,” Oestlund said. (Read More…)
I have a problem. I own a 2002 GMC Envoy. No, my ownership of a GMT360 SUV isn’t the problem although it is probably enough to get me committed to a mental institution. At 140,000 hard miles, my Envoy is getting old and there’s nothing out there to replace it. That’s a problem.
When Spyker sued GM for mucking with Saab’s failed deal with Youngman, and wanted $3 billion for its trouble, TTAC’s resident garage lawyers did not give Spyker big odds.
Yesterday, the suit was thrown out. (Read More…)
Despite Victor Muller’s assurances that he is innocent, that he has not been accused of any crime, and that Sweden’s Economic Crime Authority most likely only wants to invite him for a friendly chat, Sweden’s Göteborgs-Posten thinks it knows who is the target of the investigation: Victor Muller, and Saab’s board. In the end, Victor Muller was alone on board. Says the paper: (Read More…)
As suspected, the Swedish Saab scandal over avoided taxes grows wider. Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. (Read More…)
Key members of the board of bankrupt carmaker Saab were arrested yesterday on suspicions of tax evasion. Former Saab General Counsel Kristina Geers, former CFO Karl-Gustav Lindstrom, and former CEO Jan Åke Jonsson spent the night in jail. After a serious grilling, the three were released today. At the same time, the offices of Spyker in Zeewolde, Netherlands, were searched by police at the request of Swedish authorities, Z24.NL reports.
My grandma was a bit of a card shark. You name the game, she played it.
You would think that she would show a teeny bit of mercy to a six year old kid like me back in the day. Nope. Not a chance. Whenever she was about to beat me… yet again… grandma would flash an ear to ear grin on her face and bellow out her trademarked version of checkmate.
“Stevie? Do you want the old news? Or the bad news?”
I would flash my own waning innocence in these matters and say, “What about no news?”
No news, indeed. If you are looking to find yet another new name to take on pole position in our weekly mileage race, think again.
Despite being unable to eat, talk or sleep more than a few hours at a time, I have found something more agonizing than an adult tonsillectomy the BMW 3-Series GT. Because we all know what a critical and commercial success the BMW 5-Series GT has been. At least Percocet can numb the pain of having sections of my throat burnt away by a cauterizing wand. Whoever buys this thing is doomed twice over by poor eyesight and awful judgement. Then again, maybe the reaction would have been better if it was badged as a Saab?
NOTE: I received the following email from Saab Automobile Parts North America. As I was not aware of the recent details behind Saab’s parts/service operation (my bad) I felt obligated to share this, unedited, with everyone. – SM
We read, with great interest, your latest Piston Slap post and the many comments in response to “The Last Saab = good Deal?” We wanted to take this opportunity to let you know about Saab Automobile Parts North America, the exclusive authorized provider of Saab Genuine Parts in North America. Venues like yours help us to get the message out that Saab Genuine Parts and Service are available. (Read More…)