GM purchased 50% of Saab Automobile AB in 1989 and acquired the remaining 50% in 2000. They sold Saab to Spyker Cars N.V. in 2010.
GM purchased 50% of Saab Automobile AB in 1989 and acquired the remaining 50% in 2000. They sold Saab to Spyker Cars N.V. in 2010.
The handful of new ones they're putting out are made by National Electric Vehicle Sweden. The ownership of this car company has been all over the map.
Before 1968, the airplane factory Saab AB made the Saab car. In 1968, Saab AB merged with the truck company Scania-Vabis and became "Saab-Scania."
In 1995, this group became three companies:
Saab Automobile AB became majorly owned by General Motors.
The airplane factory became the Saab Group...this company has become one of the biggest defense contractors in the world.
Scania AB makes trucks and buses.
Saab Automobile AB is a Swedish car manufacturer. After struggling to avoid insolvency throughout 2011, the company petitioned the Swedish court for bankruptcy following the failure of a Chinese consortium to complete a purchase of the company; the purchase had been blocked by former owner GM, which opposed the transfer of technology and production rights to a Chinese company. On June 13, 2012 it was announced that the National Electric Vehicle Sweden had bought Saab Automobile's bankruptcy estate.
GM in 1989 invested $600 million in Saab Automobile, giving GM 50% control of Saab. In 2000 GM optioned the remain 50% control for $125 million. In 2010 Mg sold Saab to Spyker.
Saab and Scania were merged in the past, but split again about 20 years ago. The Saab aircraft company and Saab automobile company are no longer the same, either.