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March 17, 2010

US: Saab sets up shop in Michigan

Saab's US sales subsidiary has announced that its headquarters will reside in Royal Oak, Michigan, creating or retaining approximately 2,000 jobs in North America.

Saab ‘s US sales subsidiary has announced that its headquarters will reside in Royal Oak , Michigan, creating or retaining approximately 2,000 jobs in North America.

The company says it will invest US2.4m to enhance its US Sales and Marketing operations.

Saab Cars North America appreciates the assistance and cooperation of the City of Royal Oak and the Governor’s office in helping make the company’s decision a reality during tough economic times,” said Mike Colleran, President and COO, Saab Cars North America.

“As a direct result in acquiring local and state assistance, we look forward to renewing our US presence as an independent, premium luxury automotive brand with Swedish heritage while maintaining our loyal following and potentially attracting new customers.”

The State of Michigan Economic Development Council worked with the City of Royal Oak to secure the project. Governor Granholm approved a state tax credit, with local contribution by the City of Royal Oak , for a total benefit of USD1.4m over five years to encourage the company to expand in Michigan versus other competing states.

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