The Truth About Cars » Youngman http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Fri, 05 Feb 2016 21:00:23 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Youngman http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Detroit Electric Rides Again http://www.thetruthaboutcars.com/2013/04/detroit-electric-rides-again/ http://www.thetruthaboutcars.com/2013/04/detroit-electric-rides-again/#comments Thu, 04 Apr 2013 19:18:57 +0000 http://www.thetruthaboutcars.com/?p=483619 Detroit Electric is a startup electric car maker that revives the brand of another startup electric car maker by the name of Detroit Electric. As chronicled by Ronnie Schreiber, Detroit Electric cars were produced by the Anderson Carriage company from 1907 to 1939. They sold thousands of them until they were displaced by a better […]

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Detroit Electric is a startup electric car maker that revives the brand of another startup electric car maker by the name of Detroit Electric. As chronicled by Ronnie Schreiber, Detroit Electric cars were produced by the Anderson Carriage company from 1907 to 1939. They sold thousands of them until they were displaced by a better […]

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Return Of The Zombies: Spyker, Youngman, Phoenix http://www.thetruthaboutcars.com/2012/08/return-of-the-zombies-spyker-youngman-phoenix/ http://www.thetruthaboutcars.com/2012/08/return-of-the-zombies-spyker-youngman-phoenix/#comments Mon, 27 Aug 2012 13:39:05 +0000 http://www.thetruthaboutcars.com/?p=457982   Victor Muller managed to sell out to China after all. Today it was announced (full press release here) that Muller’s Spyker and former Saab suitor Youngman will form two companies. Spyker calls them “joint ventures,” but they look more like companies owned mostly by Youngman, with Spyker holding a token share. The first company […]

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  Victor Muller managed to sell out to China after all. Today it was announced (full press release here) that Muller’s Spyker and former Saab suitor Youngman will form two companies. Spyker calls them “joint ventures,” but they look more like companies owned mostly by Youngman, with Spyker holding a token share. The first company […]

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Hot Off The Presses: Youngman Might Also Sue GM Over Saab http://www.thetruthaboutcars.com/2012/08/hot-off-the-presses-youngman-might-also-sue-gm-over-saab/ http://www.thetruthaboutcars.com/2012/08/hot-off-the-presses-youngman-might-also-sue-gm-over-saab/#comments Tue, 07 Aug 2012 19:46:49 +0000 http://www.thetruthaboutcars.com/?p=455818 Bringing suit against GM for not letting Saab live another day could be turning into a popular sport. Lars Holmqvist, former head of Europe’s automotive supplier body CLEPA, and as such an insider when it comes to the latest Saab dirt, says that spurned Youngman of China is also thinking of suing GM. Yesterday, Victor […]

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Bringing suit against GM for not letting Saab live another day could be turning into a popular sport. Lars Holmqvist, former head of Europe’s automotive supplier body CLEPA, and as such an insider when it comes to the latest Saab dirt, says that spurned Youngman of China is also thinking of suing GM. Yesterday, Victor […]

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Turkey’s Brightwell Holdings May Be Saab Suitor http://www.thetruthaboutcars.com/2012/01/turkeys-brightwell-holdings-may-be-saab-suitor/ http://www.thetruthaboutcars.com/2012/01/turkeys-brightwell-holdings-may-be-saab-suitor/#comments Fri, 20 Jan 2012 18:32:34 +0000 http://www.thetruthaboutcars.com/?p=427546 Could Saab end up in Turkish hands? According to Bloomberg, Turkish private equity firm Brightwell Holdings will bid for the remnants of Saab, with a view to producing cars again. Brightwell board member Zamier Ahmen told Bloomberg “We will make a bid very shortly, there’s no question,” but the company is still doing its due […]

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Could Saab end up in Turkish hands? According to Bloomberg, Turkish private equity firm Brightwell Holdings will bid for the remnants of Saab, with a view to producing cars again. Brightwell board member Zamier Ahmen told Bloomberg “We will make a bid very shortly, there’s no question,” but the company is still doing its due […]

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The Saabstermath: The Picking Of The Carcass Begins http://www.thetruthaboutcars.com/2011/12/the-saabstermath-the-picking-of-the-carcass-begins/ http://www.thetruthaboutcars.com/2011/12/the-saabstermath-the-picking-of-the-carcass-begins/#comments Tue, 20 Dec 2011 13:32:54 +0000 http://www.thetruthaboutcars.com/?p=422900 After delegations of Pangda and Youngman had travelled to Trollhättan to inspect the factory, one returning Chinese traveler mentioned to a contact of mine that the factory is great, but it’s in the wrong place. In Sweden, workers would earn way too much and go home early, contrary to the Chinese worker, who would have […]

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After delegations of Pangda and Youngman had travelled to Trollhättan to inspect the factory, one returning Chinese traveler mentioned to a contact of mine that the factory is great, but it’s in the wrong place. In Sweden, workers would earn way too much and go home early, contrary to the Chinese worker, who would have […]

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Our Daily Saab: Lurid Crime Stories And An Unwelcome Bank Wire http://www.thetruthaboutcars.com/2011/12/our-daily-saab-lurid-crime-stories-and-an-unwelcome-bank-wire/ http://www.thetruthaboutcars.com/2011/12/our-daily-saab-lurid-crime-stories-and-an-unwelcome-bank-wire/#comments Sat, 10 Dec 2011 15:40:02 +0000 http://www.thetruthaboutcars.com/?p=421929 Actually, we shouldn’t even mention Saab before the court in Vänersborg renders its verdict on Dec 16. The court will decide whether it follows the suggestion of the court appointed administrator Guy Lofalk to lift the creditors protection on Saab.  But it’s a slow newsday, and Saab is always good for a story.  No, we […]

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Actually, we shouldn’t even mention Saab before the court in Vänersborg renders its verdict on Dec 16. The court will decide whether it follows the suggestion of the court appointed administrator Guy Lofalk to lift the creditors protection on Saab.  But it’s a slow newsday, and Saab is always good for a story.  No, we […]

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Our Daily Saab: Saabinistas Turn Submissive, Beg GM For Mercy http://www.thetruthaboutcars.com/2011/12/our-daily-saab-saabinistas-turn-submissive-beg-gm-for-mercy/ http://www.thetruthaboutcars.com/2011/12/our-daily-saab-saabinistas-turn-submissive-beg-gm-for-mercy/#comments Sun, 04 Dec 2011 11:15:01 +0000 http://www.thetruthaboutcars.com/?p=421323 The Church of The True Saab reports rather breathlessly that a YADTFSS (yet another deal to finally save Saab) has been found. The organ that prides itself to have knowledge of insider information (which it usually never releases) relies on Sweden’s TTELA, which says (translation courtesy Church of The True Saab : ) “According to […]

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The Church of The True Saab reports rather breathlessly that a YADTFSS (yet another deal to finally save Saab) has been found. The organ that prides itself to have knowledge of insider information (which it usually never releases) relies on Sweden’s TTELA, which says (translation courtesy Church of The True Saab : ) “According to […]

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Our Daily Saab: Hold On And Believe http://www.thetruthaboutcars.com/2011/11/our-daily-saab-hold-on-and-believe/ http://www.thetruthaboutcars.com/2011/11/our-daily-saab-hold-on-and-believe/#comments Tue, 22 Nov 2011 16:23:45 +0000 http://www.thetruthaboutcars.com/?p=419599 The last attempt at saving Saab failed when GM said it would not supply or license technology to Saab if it were 100% owned by PangDa and Youngman, scuttling the Chinese firms’ bid for outright control of the company. Now the two firms have sent a revised proposal to The General in hopes that they […]

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The last attempt at saving Saab failed when GM said it would not supply or license technology to Saab if it were 100% owned by PangDa and Youngman, scuttling the Chinese firms’ bid for outright control of the company. Now the two firms have sent a revised proposal to The General in hopes that they […]

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GM Issues Death Sentence To Saab Deal With China http://www.thetruthaboutcars.com/2011/11/gm-issues-death-sentence-to-saab-deal-with-china/ http://www.thetruthaboutcars.com/2011/11/gm-issues-death-sentence-to-saab-deal-with-china/#comments Fri, 04 Nov 2011 15:49:47 +0000 http://www.thetruthaboutcars.com/?p=416903 While the flagwavers at Saabsunited wallow in the good news that the Swedish king announced at an annual moose hunt near Trollhättan that Victor Muller is a great guy, far away in Detroit, GM spokesman Jim Cain issued to Reuters what sounds like the death sentence to the sale of Saab to China’s Youngman and […]

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While the flagwavers at Saabsunited wallow in the good news that the Swedish king announced at an annual moose hunt near Trollhättan that Victor Muller is a great guy, far away in Detroit, GM spokesman Jim Cain issued to Reuters what sounds like the death sentence to the sale of Saab to China’s Youngman and […]

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Our Daily Saab: Saab Lives Another Day, Waits For Chinese Money http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-lives-another-day-waits-for-chinese-money/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-saab-lives-another-day-waits-for-chinese-money/#comments Mon, 31 Oct 2011 12:38:33 +0000 http://www.thetruthaboutcars.com/?p=416156   Today, Saab creditors met in a packed-beyond capacity courtroom on Vänersborg. After a short deliberation, the district court approved the reorganization plan, Göteborg’s Posten reports. It will cost 500 jobs in Trollhättan. On Friday, China’s Youngman and Pangda had agreed to take over Saab 100 percent – in a Memorandum of Understanding, which isn’t […]

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  Today, Saab creditors met in a packed-beyond capacity courtroom on Vänersborg. After a short deliberation, the district court approved the reorganization plan, Göteborg’s Posten reports. It will cost 500 jobs in Trollhättan. On Friday, China’s Youngman and Pangda had agreed to take over Saab 100 percent – in a Memorandum of Understanding, which isn’t […]

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Our Daily Saab: Lofalk To Request Mercy Killing, Saab To Request Lofalk’s Ouster http://www.thetruthaboutcars.com/2011/10/our-daily-saab-lofalk-to-request-mercy-killing-saab-to-request-lofalk%e2%80%99s-ouster/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-lofalk-to-request-mercy-killing-saab-to-request-lofalk%e2%80%99s-ouster/#comments Thu, 20 Oct 2011 16:23:54 +0000 http://www.thetruthaboutcars.com/?p=415338 Guy Lofalk, the administrator of Saab’s reorganization, will ask the court in Vänersborg to terminate the reorganization process. Before, Saab expressed “doubts that the bridge funding of Youngman and Pang Da, of which a partial payment has been received, shall be paid in full on 22 October 2011.” Finally something we can agree on. What […]

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Guy Lofalk, the administrator of Saab’s reorganization, will ask the court in Vänersborg to terminate the reorganization process. Before, Saab expressed “doubts that the bridge funding of Youngman and Pang Da, of which a partial payment has been received, shall be paid in full on 22 October 2011.” Finally something we can agree on. What […]

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Our Daily Saab: Egg In The Face http://www.thetruthaboutcars.com/2011/10/our-daily-saab-egg-in-the-face/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-egg-in-the-face/#comments Sat, 08 Oct 2011 16:31:37 +0000 http://www.thetruthaboutcars.com/?p=414181 In a statement issued late Friday, China’s Geely poured cold water over rumors that it is interested in Saab, but confirmed that there was a meeting – because they wanted to be nice. There is another version that says that Sweden’s Finance Minister caused Geely’s Li Shu Fu a massive loss of face, whereupon he […]

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In a statement issued late Friday, China’s Geely poured cold water over rumors that it is interested in Saab, but confirmed that there was a meeting – because they wanted to be nice. There is another version that says that Sweden’s Finance Minister caused Geely’s Li Shu Fu a massive loss of face, whereupon he […]

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Our Daily Saab: Duck And Cover http://www.thetruthaboutcars.com/2011/10/our-daily-saab-duck-and-cover/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-duck-and-cover/#comments Fri, 07 Oct 2011 19:38:05 +0000 http://www.thetruthaboutcars.com/?p=414048 Where to start? Let’s start with the money. The $96 million promised by China’s Youngman and badly needed by Saab are not here. They haven’t left China either. Not just because China is on vacation. Youngman claims they have not received what they were promised, and until that happens, no money will be sent. “If […]

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Where to start? Let’s start with the money. The $96 million promised by China’s Youngman and badly needed by Saab are not here. They haven’t left China either. Not just because China is on vacation. Youngman claims they have not received what they were promised, and until that happens, no money will be sent. “If […]

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Our Daily Saab: Are These People Serious? http://www.thetruthaboutcars.com/2011/10/our-daily-saab-are-these-people-serious/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-are-these-people-serious/#comments Thu, 06 Oct 2011 12:14:36 +0000 http://www.thetruthaboutcars.com/?p=413850 Yesterday, we reported that Saab was waiting for some $93 million to arrive from China. The matter has not changed. Now, people on the inside get the impression that yellow knight Youngman wants out. This morning, Swedens’s Dagens Industri cited an inside source that says that Youngman wants out, and another Chinese maker wants in. […]

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Yesterday, we reported that Saab was waiting for some $93 million to arrive from China. The matter has not changed. Now, people on the inside get the impression that yellow knight Youngman wants out. This morning, Swedens’s Dagens Industri cited an inside source that says that Youngman wants out, and another Chinese maker wants in. […]

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Our Daily Saab: The Chinese Deal http://www.thetruthaboutcars.com/2011/10/our-daily-saab-the-chinese-deal/ http://www.thetruthaboutcars.com/2011/10/our-daily-saab-the-chinese-deal/#comments Wed, 05 Oct 2011 20:54:41 +0000 http://www.thetruthaboutcars.com/?p=413713 At Saab, which is working (well, not really working) under court protection from creditors, the big question is: “Did the money come in?” The money is the €70 million ($93 million) promised by the Chinese bus manufacturer Youngman as a bridge loan. Saab needs cash desperately. Court protection means no new loans. Cash is king.  […]

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At Saab, which is working (well, not really working) under court protection from creditors, the big question is: “Did the money come in?” The money is the €70 million ($93 million) promised by the Chinese bus manufacturer Youngman as a bridge loan. Saab needs cash desperately. Court protection means no new loans. Cash is king.  […]

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Saab Submitted To Chinese Water Torture http://www.thetruthaboutcars.com/2011/08/saab-submitted-to-chinese-water-torture/ http://www.thetruthaboutcars.com/2011/08/saab-submitted-to-chinese-water-torture/#comments Thu, 04 Aug 2011 18:27:59 +0000 http://www.thetruthaboutcars.com/?p=405841   Saab’s white collar employees were getting blue in their faces from waiting for last month’s paycheck. Saab had to sell off slices of the company to pay workers who sit at home twiddling their thumbs. According to the always well informed Saabsunited (when it comes to good news), salaries were transferred today at 5pm. […]

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  Saab’s white collar employees were getting blue in their faces from waiting for last month’s paycheck. Saab had to sell off slices of the company to pay workers who sit at home twiddling their thumbs. According to the always well informed Saabsunited (when it comes to good news), salaries were transferred today at 5pm. […]

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Saab And Youngman To Spin Undisclosed Amount Of Cash Into 3 Cars http://www.thetruthaboutcars.com/2011/07/saab-and-youngman-to-spin-356m-into-3-cars/ http://www.thetruthaboutcars.com/2011/07/saab-and-youngman-to-spin-356m-into-3-cars/#comments Mon, 04 Jul 2011 23:25:37 +0000 http://www.thetruthaboutcars.com/?p=401582 [Editor’s note: the initial draft of this piece misunderstood the structure of the deal. Youngman and PangDa have paid over $350m for a 51% of Swedish Automobile, Saab’s parent company (which has a market cap of $68m). Funding for the New Product Joint Venture (50% owned by Youngman, 50% owned by Swedish Automobile) has not […]

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[Editor’s note: the initial draft of this piece misunderstood the structure of the deal. Youngman and PangDa have paid over $350m for a 51% of Swedish Automobile, Saab’s parent company (which has a market cap of $68m). Funding for the New Product Joint Venture (50% owned by Youngman, 50% owned by Swedish Automobile) has not […]

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Saab On Hold Again, And Other Underreported News http://www.thetruthaboutcars.com/2011/06/saab-on-hold-again-and-other-underreported-news/ http://www.thetruthaboutcars.com/2011/06/saab-on-hold-again-and-other-underreported-news/#comments Mon, 20 Jun 2011 21:38:51 +0000 http://www.thetruthaboutcars.com/?p=399600 Our friends at Saabsunited are slacking off. They used to have cameras trained on the Saab plant in Trollhättan that allowed them to (prematurely) report the return of the workers to the idling plant. Now they had to learn out of the press that the plant will remain closed for a few more weeks. From […]

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Our friends at Saabsunited are slacking off. They used to have cameras trained on the Saab plant in Trollhättan that allowed them to (prematurely) report the return of the workers to the idling plant. Now they had to learn out of the press that the plant will remain closed for a few more weeks. From […]

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On The Reception Of The Saab/Pangda/Youngman Deal In China’s State Media http://www.thetruthaboutcars.com/2011/06/on-the-reception-of-the-saabpangdayoungman-deal-in-china%e2%80%99s-state-media/ http://www.thetruthaboutcars.com/2011/06/on-the-reception-of-the-saabpangdayoungman-deal-in-china%e2%80%99s-state-media/#comments Tue, 14 Jun 2011 17:26:32 +0000 http://www.thetruthaboutcars.com/?p=398581 So what are they saying in China about the Pangda/Youngman/Saab threeway? The blogs and message boards are full, of course. Cars are of high importance in CCC (car crazed China.) Much more important, what does China’s government say? Multiple agencies of the government will have to approve a deal with Saab. However, officials won’t utter […]

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So what are they saying in China about the Pangda/Youngman/Saab threeway? The blogs and message boards are full, of course. Cars are of high importance in CCC (car crazed China.) Much more important, what does China’s government say? Multiple agencies of the government will have to approve a deal with Saab. However, officials won’t utter […]

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Antonov Drops Out Of Saab Real Estate Leaseback, Youngman Deal Doubted http://www.thetruthaboutcars.com/2011/06/antonov-drops-out-of-saab-real-estate-leaseback-youngman-deal-doubted/ http://www.thetruthaboutcars.com/2011/06/antonov-drops-out-of-saab-real-estate-leaseback-youngman-deal-doubted/#comments Tue, 14 Jun 2011 15:25:56 +0000 http://www.thetruthaboutcars.com/?p=398563 Strap on the man-pants, Saab fans, because there’s another heaping load of bad news for the Swedish brand this morning. First off, Saab’s mysterious Russian backer Vladimir Antonov has backed out of a deal in which he was to buy property at Saab’s Trollhättan plant and lease it back to the company, stabilizing its short-term […]

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Strap on the man-pants, Saab fans, because there’s another heaping load of bad news for the Swedish brand this morning. First off, Saab’s mysterious Russian backer Vladimir Antonov has backed out of a deal in which he was to buy property at Saab’s Trollhättan plant and lease it back to the company, stabilizing its short-term […]

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Saab Firmly Under Chinese Control (If All Goes Well) http://www.thetruthaboutcars.com/2011/06/saab-firmly-under-chinese-control-if-all-goes-well/ http://www.thetruthaboutcars.com/2011/06/saab-firmly-under-chinese-control-if-all-goes-well/#comments Mon, 13 Jun 2011 15:01:52 +0000 http://www.thetruthaboutcars.com/?p=398405 The assembly lines in Trollhättan are still down and will be down for a while. With Spyker & Saab gasping for money, another Chinese party threw them a life line today. The price: Saab will be in Chinese control if and when all is approved. Today, Saab, Chinese distributor Pangda Automobile and car manufacturer Zhejiang […]

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The assembly lines in Trollhättan are still down and will be down for a while. With Spyker & Saab gasping for money, another Chinese party threw them a life line today. The price: Saab will be in Chinese control if and when all is approved. Today, Saab, Chinese distributor Pangda Automobile and car manufacturer Zhejiang […]

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