Saab - automotive industry company news 
INDIA: Mahindra & Mahindra readying Saab bid - paper
7 February 2012
Mahindra & Mahindra, one of four companies interested in Saab Automobiles, has signed a confidentiality agreement with the bankrupt company and is in the process of finalising its bid, an Indian media report said. China's BAIC, possibly in conjunction with Panasonic reportedly may also submit a bid.
SWEDEN: BAIC eyes joint Saab bid with Panasonic
7 February 2012
Beijing Automotive Investment (BAIC) may team up with battery supplier Panasonic to buy Saab in order to make electric vehicles, reported ttela.se.
BELGIUM: GM could still have say with Youngman Saab 9-3 plan: CLEPA
6 February 2012
European automotive supplier body CLEPA, is cautioning General Motors could still be involved if prospective Saab bidder, Youngman, starts up production using the 9-3 model.
BELGIUM: CLEPA cautions Saab receivers not to sell assets to pay huge lawyer army
3 February 2012
Europe's automotive supplier body CLEPA, is urging Saab receivers not to sell off the bankrupt automaker piecemeal in order to pay a vast army of lawyers.
TURKEY: Brightwell confident of 'immediate' start if Saab bid successful
3 February 2012
Saab bidder Brightwell Holdings says with some "minor adjustements," production could restart immediately in Trollhattan, should its pitch for the bankrupt automaker be successful.
COMMENT: Where does the Chinese car industry really stand?
2 February 2012
Investment banker Meyrick Cox describes the development of the Chinese auto industry, its structure and offers a view on the challenges it faces in the future.
US: January light vehicles sales surprise
2 February 2012
January US light vehicle sales were stronger than anyone expected.
SWEDEN: Debt Office to sit on first Saab Parts board meeting tomorrow
31 January 2012
Sweden's National Debt Office (SNDO) is to sit on the board of Saab Automobile Parts for the first time tomorrow (1 February) as the State looks to secure its loan guarantee repayment.
SWEDEN: Volvo takes on 50 Saab engineers as it looks to boost EV sector
31 January 2012
Volvo says it has recruited 50 engineers from Saab, with a further 50 being currently evaluated as redundant staff from the Trollhattan manufacturer look for alternative employment.
SWEDEN: Youngman lawyers confident of seeing off other bidders as Saab decision looms
31 January 2012
Lawyers acting for Chinese manufacturer Youngman, say they do not view other potential Saab purchasers as 'serious competitors' ahead of a looming decision from receivers handling the automaker's bankruptcy.
SWEDEN: Debt Office holds fire as receivers seek Saab buyer
30 January 2012
Sweden's National Debt Office (SNDO) says it is co-operating with Saab's receivers to see if a complete sale of the bankrupt automaker can be secured, rather than realising its pledges in the manufacturer.
SWEDEN: Debt office now largest Saab creditor after US$324m EIB repayment
30 January 2012
Sweden's National Debt Office (SNDO) has repaid a SEK2.2bn (US$324m) loan advanced by the European Investment Bank (EIB) to Saab to aid it through restructuring.
INDIA: Is Mahindra & Mahindra a third Saab bidder?
27 January 2012
Mahindra & Mahindra is declining to comment on speculation it may be a third party interested in buying bankrupt Saab.
THE WEEK THAT WAS: Fiat and the truckers
27 January 2012
Fiat CEO Sergio Marchionne has had enough trouble with unions lately, and now, as I write, Fiat is struggling with the logistics nightmare of a truckers strike that seems to be bringing Italy to a halt.
TURKEY: Brightwell to make imminent Saab engineer statement as confidentiality deal inked
27 January 2012
Turkish private equity company Brightwell Holdings is to make an imminent statement on retaining skilled engineers at Saab, following the inking of a confidentiality agreement with the bankrupt automaker's receivers.
SWEDEN: Improved Norway links to help jobless Saab workers
23 January 2012
Swedish regional government is to inject SEK90m (US$13.4m) into the area around bankrupt Saab's home town of Trollhattan, with help given to those made unemployed by the automaker's demise to travel to Norway to seek work.
SWEDEN: "Totally serious" Youngman could see Saab deal hindered by NDRC timescale
23 January 2012
Union sources from a Swedish delegation to China say manufacturer Youngman is "totally serious" concerning bidding for bankrupt Saab, but cautions there will be a potentially long approval time by regulatory authorities - with the receivers liable for wages.
SWEDEN: Youngman could make Saab bid within weeks: FKG
23 January 2012
Scandinavian supplier body FKG says a bid for bankrupt Saab by Chinese manufacturer Youngman, could occur within weeks.
THE WEEK THAT WAS: Unions, Saab and a Ford milestone
20 January 2012
Union news and Saab updates were amongst the most-read stories on just-auto this week.
TURKEY: Brightwell "not interested in stripping" Saab
20 January 2012
Turkish private equity company, Brightwell Holdings, says it is not interested in stripping Saab's assets and intends to keep most of the automaker functioning in Sweden, should its bid for the bankrupt manufacturer succeed.
TURKEY: Brightwell maintains Youngman is "jumping the gun" in Saab bid
20 January 2012
Potential bidder for bankrupt Saab, Brightwell Holdings, says Chinese manufacturer Youngman may be "jumping the gun," when it comes to putting in an offer for the Swedish automaker.
UK: Growing brands look to recruit dealers
20 January 2012
Both Hyundai and Seat are looking to expand their UK dealer networks, the companies have said. The news will help offset the slow demise of Saab’s 58-strong dealer network and the decision by Renault to cut its network by around 55 to 135 by the end of this year.
SWEDEN: Saab State salary pot near empty as delegation starts China visit
19 January 2012
Bankrupt Saab's main white collar labour body Unionen, says its members have around one and half months salary left before the State guarantee runs out
COMMENT: Radio silence from Saab receivers as CLEPA acts
19 January 2012
Just why aren't Saab's receivers on today's (19 January) trip to China as a high-powered delegation seeks to salvage something from the wreckage of the automaker's recent bankruptcy?
CHINA: Bosch spearheads Youngman visit as new Saab rescue plan mooted
19 January 2012
European supplier body CLEPA has arranged for a Chinese-speaking Bosch representative to be on today's (19 January) Youngman-sponsored trip to China in a bid to evaluate its potential new EUR1bn bid for bankrupt Saab.
NETHERLANDS: Muller mulls Spyker sale as Saab owner sees mass board resignations
18 January 2012
Swedish Automobile (Swan) has seen immediate mass resignations from its board following a spat with CEO Victor Muller and the recent bankruptcy of Saab.
SWEDEN: FKG bewildered by Saab receivers' China flight refusal
18 January 2012
Scandinavian suppliers association FKG says it is baffled by a decision from receivers handling Saab's bankruptcy not to accept an invitation from Youngman to attend talks in China.
COMMENT: China to steer US$60bn to the West?
16 January 2012
China's meteoric rise to number one status in terms of global auto sales prompted some lively discussion at last week's Automotive News World Congress in Detroit, not the least of which was the observation there was US$60bn of Chinese cash potentially waiting for foreign company investment.
THE WEEK THAT WAS: Detroit, sunny Detroit
13 January 2012
Triple-D week for me, this, first time in Detroit, first time at the Detroit show, first time on Delta. Despite the dire predictions of certain sages I know, it was all good.
DETROIT SHOW: Cadillac declares war on Germany
9 January 2012
A roster of top General Motors executives, including CEO Dan Akerson, North America head Mark Reuss, global design chief Ed Welburn and Cadillac marketing VP Dan Butler last night (Sunday, 8 January) launched the Cadillac brand's most serious attempt yet to challenge the BMW 3-series, Audi A4 and Mercedes-Benz C-class: the new-from-the-ground-up ATS sedan/saloon.
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