ACB: Saabs on Ice

Saab may not be long for this earth, but the brand’s future didn’t always look so grim. Here’s a look back at some of their prouder moments in rally racing.

  

Bankrupt Saab Suspends Warranty Coverage

It has been a long time coming, but Saab’s curtain call seems to be just around the corner. Yesterday, Saab filed with the Swedish courts for bankruptcy proceedings. Today, Saab North America announced that all Saabs sold from December 19th forward will not have warranty coverage. This move follows a significant period of financial turmoil for the brand as they continue to struggle after being sold by General Motors in 2010. It is not known at this time what will happen to Saab post bankruptcy, but suspending warranty coverage is not a promising sign of Saab returning to produce cars any time soon.

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Saab staying in the game with a Chinese partner?

Saab might be partnering with a Chinese automaker. Stay tuned for a potential announcement!

From AutoNews.com:

Saab Automobile AB plans to hold a news conference Tuesday to announce a strategic partnership with China Hawtai Motor Group.

Victor Muller, Saab Automobile chairman, and Richard Zhang, vice president of Hawtai Motor Group, are expected to address the media.

Muller told Reuters that the deal involved “investing in Spyker.” Muller, who is currently in Beijing, declined to give more details.

The announcement will be made in Beijing at 2:30 a.m. ET. It will be 2:30 p.m. in China.

Hawtai Motor Group’s business includes the development, sales and export of vehicles, diesel engines for clean-type sedans and gearboxes for automatic transmissions, according to a Jan. 7 filing from China Minsheng Banking Corp. Hawtai could not be reached for comment.

Read the full article.

  

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