Former Saab Chairman Muller to be summoned in tax inquiry, report saysMay 23, 2013 09:34 CET  A Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported.... Read More »
SHANGHAI AUTO SHOW Volvo CEO: Luxury car clashes with image 12:01 am U.S. ET | April 29, 2013 Volvo will not develop a flagship sedan to challenge the BMW 7 series, Mercedes-Benz S class or Audi A8. Volvo CEO Hakan Samuelsson said such a flagship doesn't fit Volvo's green image.... Read More »
Volvo purges more Ford influencesFeb. 21, 2013 09:00 CET  Volvo is distancing itself further from its Ford legacy as it prepares to launch a new range of in-house engines and a modular platform. The first engine will be a four-cylinder unit that will debut before the end of this year while the all-new XC90 large SUV that arrives late next year will be the first to use Volvo's scalable platform architecture.... Read More »
Volvo, Geely will establish joint R&D center in SwedenFeb. 20, 2013 13:50 CET  Volvo and its Chinese parent Geely will set up a joint research and development center in Sweden to produce technology for new cars from both carmakers.... Read More »
Saab, hometown bank on long shot revival under Chinese investor 12:01 am U.S. ET | Jan. 26, 2013  Saab is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt. Saab's new parent, owned by a Chinese renewable energy investor, intends to start building 9-3 sedans and convertibles in August.... Read More »
Saab hometown with 32% youth out of work prays for ChinaJan. 25, 2013 06:01 CET Saab is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt.... Read More »
Saab owner signs Chinese investment dealJan. 8, 2013 16:30 CET  Saab's Chinese-controlled owner has signed an investment deal with the Chinese city of Qingdao as part of plans to build and sell electric cars in the country.... Read More »
Volvo sees challenging year ahead after 2012 sales dropJan. 7, 2013 12:31 CET  Volvo said its global sales fell 6 percent last year, including double-digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013.... Read More »
Volvo sees challenging year ahead after 2012 sales drop 6:31 am U.S. ET | Jan. 7, 2013  Volvo said its global sales fell 6.1 percent last year, including double digit drops in China and Sweden and a small rise in the United States, and warned of a tough 2013.... Read More »
Volvo gets $1.2 billion loan from China Development BankDec. 14, 2012 06:01 CET  Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.... Read More »
Volvo gets $1.2 billion loan from China Development Bank 12:31 pm U.S. ET | Dec. 13, 2012  Chinese-owned automaker Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.... Read More »
Swedish debt office takes control of Saab parts unitDec. 5, 2012 15:05 CET  The Swedish National Debt Office will take ownership of Saab Automobile Parts AB, a unit of bankrupt carmaker Saab.... Read More »
Saab mulls speeding up relaunch planNov. 20, 2012 10:46 CET  National Electric Vehicle Sweden, the new owner of Saab, may speed up the brand's relaunch by offering a gasoline-powered 9-3 in 2013 rather than re-starting the brand in 2014 with an EV, a company spokesman said on Tuesday.... Read More »
Spyker will oppose GM's motion to dismiss Saab lawsuitOct. 1, 2012 13:11 CET  Dutch sports car maker Spyker, which is suing General Motors for more than $3 billion on behalf of Saab, said on Monday it will oppose GM's motion to dismiss the case.... Read More »
Sweden's SKF opens bearing factory in ChinaSept. 21, 2012 11:51 CET SKF, a Swedish producer of bearings, seals and lubrication systems, officially opened a factory in Jinan in east China's Shandong province.... Read More »
GM given more time by Spyker to respond to Saab lawsuitAug. 24, 2012 09:38 CET  Dutch sports car maker Spyker said it had agreed to a request by GM to extend the deadline for responding to its $3 billion dollar lawsuit. Spyker is suing GM on behalf of its former subsidiary, Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish carmaker by blocking a deal with a Chinese investor.... Read More »
Europe troubles seen putting 500,000 auto jobs at riskAug. 2, 2012 08:34 CET Efforts by PSA and Fiat to end losses in Europe could cost more than 500,000 people their jobs as automakers and parts suppliers grapple with the effects of the European sovereign debt crisis. The region's auto industry is set to pare payrolls as auto demand contracts for the fifth straight year.... Read More »
Volkswagen profit growth slows on European market's slumpJuly 26, 2012 10:19 CET  Volkswagen Group reported slowing earnings growth as the impact of the sovereign debt crisis weighed on demand in its home region.... Read More »
Volvo testing three new safety featuresJuly 16, 2012 06:01 CET  Volvo is touting three new technologies that it says will help make the Volvos of the future a good deal safer: autonomous driving, ''Intersection Support'' and animal detection. In a statement, the Swedish automaker said it's tailoring technologies to the way people drive, by which it means poorly.... Read More »
Volvo testing three new safety features 3:46 pm U.S. ET | July 12, 2012  Volvo is touting three new technologies that it says will help make the Volvos of the future a good deal safer: autonomous driving, “Intersection Support” and animal detection. The Swedish automaker, in a statement released earlier this week, said it's tailoring technologies to the way people drive, by which it means poorly.... Read More »
Saab's new owners seek to lift block on using Saab nameJune 27, 2012 14:36 CET  National Electric Vehicle Sweden (NEVS), the new owner of Saab, is looking for a solution as soon as possible to the current block on its use of the Saab name and badge. Defense company Saab AB and truck maker Scania have yet to decide whether to grant the company the right to continue using the Saab identity.... Read More »
New Chinese owner will use Saab assets to build EVs 12:01 am U.S. ET | June 18, 2012  The Chinese consortium that last week acquired control of bankrupt Saab Automobile says it plans to use the company's assets to make electric vehicles.... Read More »
Chinese-led consortium completes deal to buy Saab, reports sayJune 7, 2012 13:06 CET  A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts, according to reports in Sweden.... Read More »
DOUGLAS A. BOLDUC Saab's heart still beats 12:01 am U.S. ET | June 6, 2012  Saab is not producing cars any more but it hasn't abandoned its estimated 1.5 million customers. The company's parts and service arm, Saab Automobile Parts AB, continued its expansion this week by opening a North American subsidiary to serve an estimated 500,000 Saab owners in United States and Canada. That's the largest concentration of Saab owners anywhere.... Read More »
DOUGLAS A. BOLDUC Saab's heart still beats 12:01 am U.S. ET | June 6, 2012  Saab is not producing cars any more but it hasn't abandoned its estimated 1.5 million customers. The company's parts and service arm continued its expansion this week by opening a North American subsidiary to serve an estimated 500,000 Saab owners there.... Read More »
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