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News: Payment transferred

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Saab confirms that the first payment of the funding, which was promised by Youngman, now has been transferred to Saab’s account. The efforts to secure the remaining funding, needed to pay salaries and continue the voluntary reorganization, continue and the work is moving progressively forward
 

Swedish Automobile Informed By Administrator Of Application To Terminate Voluntary Reorganization

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Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces it has been informed that the administrator of the reorganization, Mr. Guy Lofalk, will apply for termination of the voluntary reorganization of Saab Automobile AB (Saab Automobile) and two subsidiaries with the District Court in Vänersborg, Sweden. 

Saab Automobile and its creditors have approximately five to six days to submit their view to the District Court before the Court takes a final decision about termination of the reorganization. The management of Saab Automobile will consider future steps and continues the current discussions with Youngman about the necessary funding to pay the wages and be able to continue the voluntary reorganization.

 

Saab GB Files For Administration

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Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) announce that Saab Great Britain Ltd (Saab GB) filed for administration with the High Court inLondon today.

Trollhättan, Sweden: Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) announce that Saab Great Britain Ltd (Saab GB) filed for administration with the High Court in London today. 

The board of Saab GB is of the opinion that administration gives the company and creditors the necessary legal protection until the required funding for the company has been secured. The appointment of the administrator is effected by the directors of Saab GB. Once appointed, the administrator will take on the management powers of the directors. 

Swan received a conditional funding commitment from Youngman for the payment of the wages of the employees of Saab Automobile and for the continuation of the activities of Saab GB. Saab Automobile and Saab GB have not yet received this funding.

Last Updated on Tuesday, 29 November 2011 17:32
 

Swedish Automobile N.V. issues third-quarter 2011 trading update

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Swedish Automobile N.V. issues third-quarter 2011 trading update

Swedish Automobile N.V. (Swan), a holding company that owns subsidiaries which produce and sell premium automobiles under the Saab and Spyker brands, today issued a trading update for the third quarter of 2011 ended 30 September 2011.

Press Release

Last Updated on Saturday, 19 November 2011 14:28
 

Blast from the past for Cambridge Saab

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Local UK car dealership, Cambridge Saab, recently played host to our national Annual General Meeting and unearthed a great heritage story in the process.

The meeting, which took place on Saturday 29th October at the Buckingham & Stanley site on High Street in Harston, Cambridge, was attended by upwards of 50 members of the Saab Owners Club from all over the UK.

A great surprise for Dealer Principal, James Howarth, and his team at the event was to meet a member who had bought his first Saab from the dealership (formerly known as Wightman’s Garage) in 1968, just a few months after the site opened for business.

 

Paying around £900 for his Saab 96 V4 over 43 years ago, rally driver Alan Lawley from Linton, Cambridgeshire, was one of the earliest exponents of rallying in a Saab in the UK and went on to put the iconic car through its paces in many prestigious races in the region, including the ‘Grasshopper Rally’, the ‘Tour of Lincs’ and the roughest and toughest ‘Britvic Rally’.

Alan explains: “My ‘love affair’ with Saab goes back to the 1960s; an affair that has lasted almost 50 years.

 

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“In the 1960s, everyone was using road cars for rallying, then Erik Carlsson came along and brought the brand to the forefront by winning the RAC Rally in 1960, 1961 and 1962 in a Saab; I then realised that Saabs were pretty good! The turning point for me came in 1968 when the V4 was unveiled with a new shell – I saw it in Wightman’s, gave it a test drive and the rest, as they say, is history!

“It was an unbelievably strong car, so much so that I rallied it until the mid to late ‘70s. It certainly stood the test of time and led me to many a victory throughout the years in which I raced it.”

James Howarth from Cambridge Saab adds: “Alan’s our very own Cambridge-based Erik Carlsson! It was fantastic to meet him at the AGM and learn of his rallying past in one of the earliest models sold here. It’s a great piece of history.”

Throughout Alan’s ownership of the Saab 96 V4, Cambridge Saab (as it has been known since the year 2000) serviced the car and undertook repairs to the rallying icon, one of which included a virtual engine strip to rebuild the cylinder heads in 1971 that had cost just £15.96!

 

The_invoice_for_Alan_Lawley_s_engine_strip_to_rebuild_the_cylinder_heads_in_1971_costing_15.96

“Being a rally car, it often needed the odd repair and a few modifications to make it competitive, but considering what I put the car through, it never needed that much work!”, Alan adds.

Keith Long, historian at the Saab Owners Club of Great Britain, who also attended the AGM last week, comments: “Alan’s story is very much a part of Saab’s heritage, not only here in Cambridgeshire but on a national level too.

“It’s the brand’s dedication to strong performance and innovation that generates a loyal following and keeps owners coming back to Saab after Saab.”

Many of the members of the Saab Owners Club of Great Britain took to the road in a series of test drives in Cambridge Saab’s current range of vehicles.

 

Saab_1968_V4_at_the_Tour_of_Lincs

 

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Last Updated on Wednesday, 09 November 2011 14:19
 

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