What percentage of new cars sold this year in the United States have European badges?

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Owners of Saab cars who replace their vehicles are choosing Hondas over other OEMs, according to a study of “defections” by automotive consultancy Polk.

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TTAC’s eulogy on Saab was premature. The Chinese willing, there will be new Saabs in the future. Surprisingly, Swedish defense contractor Saab AB licensed the Saab name to National Electric Vehicle Sweden (NEVS) to be used in future vehicles, a press release of NEVS says. NEVS also “finalized its acquisition of the main assets of Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tools AB, effective August 31, 2012.”

The ultimatum given to NEVS last week apparently instilled fresh urgency into the parties, and an undisclosed amount changed hands on Friday. For the money, NEVS also received  “IP rights for the Saab 9-3, IP rights for the Phoenix platform, tools, the manufacturing plant, and test and laboratory facilities.” There are others who think they also own that Phoenix platform. And the people of Trollhättan better don’t get their hopes up on EV exports to China. (Read More…)

Part of Saab’s presumptive “quirky” image is a serious lack of funds.  Saab “bled red like a stuck pig” as Car & Driver so delicately put it. Saab was sold when GM ran out of money. Victor Muller didn’t have the funds, and Saab’s future owner, Made-in-China Swede Jiang Dalong also seems to suffer the cash flow problem that is so familiar to all who touch Saab.  The presumptive buyer has received an ultimatum by the bankruptcy administrators: Pay in full until Friday, or the deal is off. (Read More…)

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. (Read More…)

  Anonymous writes:

I picked up a Forester for a song and a dance ($500) this past summer, and did brakes and an oxygen sensor. We have less than $750, total, into it. It presently has 256K miles (another reason I don’t really want to use it as a daily driver!) (Read More…)

In what just-auto calls “ a hammer-blow to the proposed takeover,” Scania told Saab-buyer NEVS that it won’t allow the use of  Saab’s heraldic animal, the griffin. Scania (owned by Volkswagen) says no because the buyers are Chinese. (Read More…)

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. (Read More…)

“YES!!!!!!!”

That was the first comment  from the acolytes of the recently a bit depressed fansite Saabsunited, when it was announced that Victor Muller’s Spyker sued GM for $3 billion over Saab’s bankruptcy.

“It’s hard to believe. We have no comment until we see the lawsuit,” said GM spokesman James Cain to Reuters. The complaint is attached to this message. (Read More…)

A hitherto unknown Chinese business man who leads a shadowy “consortium” buys the assets of Saab. The media eats it up. Dalong “Kai Johan” Jiang takes the microphone and says what everybody wants to hear: “Electric cars powered by green electricity is the future and electric cars will be built in Trollhättan.” Jiang says there is a huge market for these made-in-Trollhättan EVs, waiting in China.

Nobody dares to say that it does not make sense at all. We say it. (Read More…)

To the people in the room the buyer of Saab the remaining assets of bankrupt Saab was known before the press conference started today at 1pm at the Saab showroom in Trollhättan. When Dalong “Kai Johan” Jiang takes a seat in the audience, and is joined by his Chairman Karl-Erling Trogen, it is clear what bankruptcy administrator Hans Bergqvist will announce minutes later:

“The buyer is the National Electric Vehicle AB.”

Jiang takes the microphone. He knows his audience and says what everybody wants to hear: “Electric cars powered by green electricity is the future and electric cars will be built in Trollhättan.” (Read More…)

Even after its death, Saab is still good for some excitement. Today, the Wall Street Journal breathlessly reported that an “electric-vehicle consortium buys Saab assets.” When you click on the link in Google, you get your assets handed to you via a rude 404: Page not found. The same is happening with many sites that reported a sale of Saab’s assets to a company called National Electric Vehicle Sweden (NEVS), which is as Swedish as chopsticks.

What is behind those missing links? Who is the nice man who goes thumbs up next to China Communist Party Polit Bureau member Li Keqiang? And why has he allegedly just bought Saab? (Read More…)

Mark writes:

Hi Sajeev and Steve,

Sajeev tried to save me once before but I didn’t listen. Maybe this time I will. Last year, I bought a bomb of a project and he did his best to scare me away. He saw the monstrosity in person. That monster being the 1995 Ford Bronco I bought on a whim. We talked on the phone before I purchased the OJ Bronco. Sajeev told me to avoid it like the plague. Yet, I didn’t listen. I got burned. I owned it for less than 6 months (3 of those months being spent in my garage) before selling it to an offroader in Ohio.

But, now I am in a different situation…

I am back in Canada where gas is significantly more expensive (very unlike cheap Houston Texas gas). My girlfriend and I will be in the market soon for a vehicle and we have the following criteria:

1) Fun to drive: must be a manual, preferably RWD or AWD, and a bit chuckable (not in the “chuck it in the garbage” sense of the Bronco).
2) Practicality: I don’t need a gas guzzler. Something efficient. Two doors are doable. Four doors are better. Wagon or hatch is best. However, it must have enough room for my girlfriend and I, plus two black Labrador mixes (see cute doggy brothers picture).
3) Utility: It needs to be able to tow two motorcycles (~400lbs each) and trailer. Also, we need another room for camping gear, even when the dogs are with us.
4) Realistic: We have finite funds (like most people) so we would definitely be going for something used, under $8000. I couldn’t care less what badge is on the front.

Thanks,
Mark (Read More…)

Fritz Henderson could not save Saab.

Victor Muller could not save Saab.

Vladimir Antonov could not save Saab

Pang Qinghua could not save Saab.

Rachel Pang could not save Saab.

Now, Barack Obama is supposed to save Saab.

At least that’s how the Swedish metalworker union IF Metall sees it. (Read More…)

Curt writes:

Sajeev,

I’m looking for some Saab selling advice.  A couple of years ago I convinced my girlfriend that she would love the functionality and performance of a 2002 Saab 9-5 turbo wagon (5-spd)… perhaps in some small part because I wanted one myself.  As she fell in love with the Saab I grew to hate its constant need for attention and respect its ability to find new and creative ways to fail. (Read More…)