Saab Automobile AB will introduce the 9-5 SportCombi wagon at the Geneva auto show in March.
The SportCombi, based on the 9-5 sedan, will arrive in the United States this fall.
Supporting a turbo engine, the SportCombi features all-wheel drive and adaptive chassis control. An optional heads-up display projects vehicle information on the windshield.
"The launch of the 9-5 SportCombi is a much-awaited next step in the rollout of our new product offensive," Saab CEO Jan Ake Jonsson said in a statement. "It will take Saab back into the large wagon segment where we have established a strong presence in many key markets with our previous offering."
Following General Motors Co.'s sale of Saab to Spyker Cars N.V. last February, the Swedish automaker has launched a product offensive to boost dismal sales.
Saab sold just 31,696 cars globally last year, down from 39,800 in 2009. In the United States, 2010 sales plummeted to 5,445 units from 8,680 the year before.
Saab has set a global sales goal of goal of 80,000 units in 2011 and 120,000 units in 2012, when it also targets a profit.
In May, Saab will start selling the 9-4X crossover, which will compete with Audi's Q5 and Q7 and BMW's X3 and X5. The crossover is targeted for North America, China and Brazil. In 2012, Saab will replace its aging 9-3.
The Geneva Motor Show runs March 3-13.