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Saab Automobile on the Way Towards Independence

Filed under:  Brand Related
Comment(s): 1

After 20 years of foreign ownership, the future of Saab Automobile is once again in Swedish hands. On Friday, February 20, 2009, the Vänersborg District Court approved the request for a reorganization and restructuring which Saab’s representative submitted earlier in the morning.

“Today is the beginning of a new chapter in Saab’s history”, says Jan Åke Jonsson, Managing Director of Saab Automobile. “We are now recreating Saab Automobile as an independent unit. The road ahead will not be easy. Many have already suffered considerably as a result of the crisis in the automobile industry and sacrifices will be a part of our future, but after a period of tough decisions we will have laid the foundations for a new beginning.

“Saab has a trademark which is well established both in Sweden and internationally. We have a documented efficient production and we have a strong range of models in development. That is why we have chosen this road. The future will be tough, but the commitment which exists to support the Swedish automobile industry and Saab will help us in the arduous tasks which lie ahead of us.”

The work of piloting the new Saab Automobile into the future will be led by a group of three persons: the lawyer Guy Lofalk, whom the District Court has appointed as Administrator, the Managing Director Jan Åke Jonsson, and the international reorganization expert, Stephen Taylor.

The purpose of the company reorganization is to create a short-term stability that will make it possible to develop a long-term solution for Saab. The Swedish Company Reorganization Act says that an application shall not be approved unless there is reasonable cause to assume that the purpose of the reorganization will be achieved. In today’s decision, the District Court has found that such conditions exist.

“I can already say that I am impressed by the competence within Saab”, says Guy Lofalk, “and with three strong automobile models just around the corner it would be a waste not to try to find a long-term way forward.”

(source: Saab)

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Saab logo.

Saab   Abbreviation for "Svenska Aeroplan Aktiebolaget", Swedish for "Swedish Airplane Ltd." The company started as a manufacturer of airplanes to the Royal Swedish Airforce.
Saab BioPower   
Saab ads   
Saab exhibits   
Saab naming convention   
Saab Sonett : 1956   Six produced.
Saab 9-X "Air" BioHybrid : 2008   Concept Redefines Convertible Design.
Saab Aero X : 2006   Running on 100% bioethanol.
Saab will introduce the 9-3X in Geneva   The Smart All-rounder for Outdoor Enthusiasts.
Saab EV-1 : 1985   
Saab 9-3X at the 2009 New York International Auto Show   Latest in 9-3 Family Combines Advanced Cross-Wheel Drive With Fuel Efficiency.
Saab 95 : 1960   110,527 were made.
Saab 92 : 1947   
Saab 96 : 1960   
Saab Sonett II : 1965   
Saab 9-5 Sedan : 2010   Start of a New Era for Saab.
Saab to be Wound Down   
Saab   Official site.
saab3116 days ago

Good thing for Saab. Well, it is not really easy to be part of a company that has other priorities like what Saab had experienced with GM. I just hope that this will do them good.

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