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GM Reaches Agreement to Sell Saab to Spyker
Tuesday, 26 January 2010 13:37

DETROIT – General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB.

"Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for corporate planning and alliances.

“General Motors, Spyker Cars, and the Swedish government worked very hard and creatively for a deal that would secure a sustainable future for this unique and iconic brand, and we're all happy for the positive outcome,” Smith said.

As part of the agreement, Spyker intends to form a new company, Saab Spyker Automobiles, which will carry the Saab brand forward.  The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals.  Other terms and conditions specific to the sale will be disclosed in due time.

The Swedish government is at present reviewing the transaction and the related request for guarantees of a Saab Automobile loan that has been requested from the European Investment Bank.  Assuming quick action, the transaction is expected to close in mid-February, and previously announced wind down activities at Saab will be immediately suspended, pending the close of the transaction.

“Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand,” added Nick Reilly, president, GM Europe. “We’ve worked with many parties over the past year, including governments and investors, and I’m very pleased that we could come to such a good conclusion, one that preserves jobs in Sweden and elsewhere. GM will continue to support Saab and Spyker on their way forward.”

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Save Saab Convoys
Sunday, 17 January 2010 13:48

Czech ConvoyMany of the "Save Saab" convoys took place today or are taking place currently, and the support by fans of the brand has been nothing short of astounding. SaabsUnited has plenty of photos and updates, so head on over there to check it all out. There are still more events taking place here and abroad next weekend, so there is still time to show your support!

The photo to the left is from the gathering in Taiwan. Similar turnouts were reported in Lithuania, Trollhattan (over 2000 cars!), Latvia, St. Petersburg, Moscow, and other locations around the world. Saab owners and fans should be incredibly proud of the massive show of support and visibility they have given to Saab. If nothing else, General Motors and the world can see that this is not Saturn or Pontiac, that we will not go quietly into the night, that we love our Saabs and that we want to be able to buy new Saabs long into the future!

General Motors, we ask you again. Please. Save Saab!

 
Saab History Organizing Drive to Detroit
Sunday, 03 January 2010 01:03

The following is a press release from Saab History, which is organizing a convoy to Detroit to try to convince GM to sell the brand:

Media Invite To Saab Enthusiast Gathering Near GM Renn Center To Save Saab

On Thursday, January 7th, a deadline will expire and GM will ultimately need to decide the fate of Saab Automobile.

“Sell Opposed To Shutdown.” There are two known interested parties that have submitted bids to buy Saab, Spyker Cars & Merbanco.

As time is of the essence, Saab Enthusiasts have therefore decided to take an initiative by gathering near GM’s world headquarters in Detroit, in order to send a message to GM to “SELL SAAB.”

Saab owners and enthusiasts from the U.S. & Canada will gather near the GM Renaissance Center at approximately 1pm by showing their unwavering Saab spirit in lining up their Saabs, holding Signs, taking group photographs and speaking to the press about how important it is to sell Saab.

Since GM emerged from bankruptcy court this summer, they are now 60% owned by the U.S. Government. Saab owners, Saab dealers and U.S. taxpayers alike, all want to see Saab sold in order to preserve thousands of jobs and and nearly $500 million dollars from the 218 Saab dealerships, small business assets in the United States.

“If there are enough Saab owners and enthusiasts parked outside of the GM Renaissance center in Detroit, perhaps we could really show them how serious we are in wanting Saab Automobile to have a bright future and be sold.” says Ryan Emge, editor of SaabHistory.com, an independent promotional news site.

This timely event marks a final effort in the Saab Community to save a company that has historically seen the value in saving the lives of its customers.

What: Saab Enthusiast Gathering Near GM Renn Center To Save Saab

When: Meet On Tuesday, January 5th at noon. / Saab Car Gathering is at 1pm nearby. (Press To Attend)

Where: Lunch At GM Renn Cenn Food Court followed by Saab car gathering at the public lot at the corner of Atwater and St. Antoine alongside the bay behind GM Renn Center.

For more details, please visit: http://www.saabhistory.com/2009/12/30/saab-history-suggests-a-saab-enthusiast-convoy-to-detroit

 
Open Letters to GM from the SCNA Board
Tuesday, 22 December 2009 02:06

The Saab Club of North America would like to present several open letters from the SCNA board to GM Chairman and CEO, Ed Whitacre, regarding the possible sale of the Saab brand. Click on "Read More" below to continue past the President's letter. If you would like to write to Ed Whitacre yourself, please follow this link to SaabsUnited.com for more details on how to do so.

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Dear Mr. Whitacre,

On behalf of the many members of the Saab Club of North America I respectfully request that you push for the sale of Saab rather than allowing it to die.

GM would be better off financially with the sale of Saab. The platforms, parts and new SUVs resulting from the manufacture of the new 9-5, 9-4X and the existing 9-3 will benefit Opel, GM and their suppliers, adding to the profitability of GM. The long drawn out process and expense of liquidating an international brand with the many dealerships throughout the World will be far more expensive than selling the brand. This is a passionate plea for all my membership and the many more Saab aficionados Worldwide - please move in favor of selling the brand!

Respectfully,
Ian Glenday
President, Saab Club of North America
www.saabclub.com

Read more...
 
Steven Wade Featured on CNN Website
Tuesday, 22 December 2009 01:55

Steven Wade, founder of SaabsUnited.com, is currently featured on the CNN website in an opinion piece titled, "Let Saab Keep Following Its Own Road."

Wade states his own connection to Saab, then details an accurate history of the brand, in the process making a case for why Saab is not like other companies that have recently closed down operations.

SaabsUnited is currently running a campaign asking every Saab fan to write directly to Ed Whitacre, Chairman and CEO of GM, with a personal, passionate, and curteous note requesting that GM allow the sale to proceed.

 
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