Saab cars pics and history

Saab was originally a division of Svenska Aeroplan Aktiebolaget (English: Swedish Airplane Limited), which had been created in 1937 in Linköping. The company had been established in 1937 for the express purpose of building aircraft for the Swedish Air Force to protect the country's neutrality as Europe moved closer to war. As the war drew towards a close and the market for fighter planes evaporated, the company began looking for new markets in which to diversify.
On 25 February, Spyker Cars N.V. announced they had agreed to sell the sports car arm to focus on Saab. They intend to change their name, in May, to include Saab.

Beginning of April several suppliers halted shipment of components to the Trollhättan assembly plant because of unpaid invoices. As a result Saab had to stop production on 5 April 2011. On 3 May 2011, Spyker Cars reached an agreement with Chinese automaker Hawtai Motor to obtain emergency funding for Saab aiming to restart production within a week. However, the deal collapsed on 12 May when it failed to get the necessary approvals. Spyker is still hopeful a deal can be made with Hawtai. Great Wall Motor, another Chinese carmaker, was also rumoured to be talks with Spyker about investing, this was however denied by Great Wall in 13 May.

On Monday, May 16, Spyker announced that they have signed a Memorandum of Understanding with China's Pang Da Automobile Trade Co., Ltd that would give Saab the financing they need to restart production and would give Pang Da an equity stake in Spyker. On May 27 it was announced that 'Saab Automobile today restarted production at its production facility in Trollhättan.'

On the 8th of June, Saab said it has stopped production due to a lack of spare parts only two weeks after resuming making cars following a seven-week halt. Saab will begin to produce cars again, starting on Tuesday, August 9, 2011.

On the 23rd of June, Saab Automobile announced that they were unable to pay the June salaries to the entire workforce of 3800 employees due to lack of funding. The trade union IF Metall gave Saab seven days to pay the salaries to their employees, otherwise IF Metall threatened to force a liquidation of the company.On June 29, 2011, Saab employees were paid.

In June, Youngman and Pang Da announced the intention to buy 54% of Saab for 245 million euro. They also announced that they would finance three new models, Saab 9-1, Saab 9-6 and Saab 9-7.

Saab cars logo

Saab cars

Saab cars

Saab cars

Saab cars

Saab cars

Saab cars

Saab cars