Cars
The ink on the deal / partnership between Saab and China’s Hawtai Motor Group has barely dried, but the Swedish automaker's chairman and Spyker CEO, Victor Muller is already making headlines again by hinting at the distribution of cheap Chinese cars in the United States, Europe and elsewhere through Saab’s established global network.
- Court Approves Saab’s Bankruptcy, Appoints Two Receivers – But Is It Really Over?
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt. The company's CEO, Victor Muller, blamed General Motors for blocking every rescue attempt...
- Saab: Victor Muller Is Hopeful Of Quick Solution, But Reorganization Is Also On The Table
For the second time in two years, Saab is perilously close to the edge of the cliff. But it may be rescued, once again, at the 11th hour: according to a company source close to negotiations with Chinese investors, Saab Automotive executives are “very...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...
- Spyker To Begin Selling Sports Cars At Saab Showrooms
In a move that won't surprise anyone in the automotive industry, Spyker Cars NV and Saab Automobile owner, Victor Muller, confirmed plans to sell Spyker's high-end sports cars through Saab retailers by the end of the year. "We are signing...
- Spyker Renews Offer For Saab, Gm Says It Will Revaluate
In what could be a final attempt to save SAAB from closing down, tiny Dutch sports car maker Spyker submitted a new 11-point proposal to buy the Swedish brand from General Motors on Sunday. The Dutch company said that its new proposal addresses all the...
Cars
Saab Boss Victor Muller Hints at US and EU Distribution of China's Hawtai Cars, Says Buyers Won’t Care about Safety
The ink on the deal / partnership between Saab and China’s Hawtai Motor Group has barely dried, but the Swedish automaker's chairman and Spyker CEO, Victor Muller is already making headlines again by hinting at the distribution of cheap Chinese cars in the United States, Europe and elsewhere through Saab’s established global network.
"We laughed when the Japanese came. We laughed when the Koreans came. But we will not be laughing when the Chinese come. The Chinese are like a steamroller,†said Victor Muller, during a press event in Washington, D.C.
Muller said that if an agreement is reached with Hawtai, the Chinese maker could make use of Saab’s distribution network to sell its cars globally.
"It took 67 years to build up our dealer network. It is the biggest asset not on our asset sheet, and these guys buy into it for free. If they make the proper cars, can you image how much simpler it will be to push product through the distribution network that is already there? It is like a railway network that is already there," said Muller.
Read more »- Court Approves Saab’s Bankruptcy, Appoints Two Receivers – But Is It Really Over?
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt. The company's CEO, Victor Muller, blamed General Motors for blocking every rescue attempt...
- Saab: Victor Muller Is Hopeful Of Quick Solution, But Reorganization Is Also On The Table
For the second time in two years, Saab is perilously close to the edge of the cliff. But it may be rescued, once again, at the 11th hour: according to a company source close to negotiations with Chinese investors, Saab Automotive executives are “very...
- Saab Details Partnership With China’s Hawtai Motor Group
In his attempt to save Saab- again, and after having secured short-term cash of €30 million (US$44.6 million), Spyker Car N.V. CEO Victor Muller’s next move was to sign a strategic partnership with China’s Hawtai Motor Group. Under...
- Spyker To Begin Selling Sports Cars At Saab Showrooms
In a move that won't surprise anyone in the automotive industry, Spyker Cars NV and Saab Automobile owner, Victor Muller, confirmed plans to sell Spyker's high-end sports cars through Saab retailers by the end of the year. "We are signing...
- Spyker Renews Offer For Saab, Gm Says It Will Revaluate
In what could be a final attempt to save SAAB from closing down, tiny Dutch sports car maker Spyker submitted a new 11-point proposal to buy the Swedish brand from General Motors on Sunday. The Dutch company said that its new proposal addresses all the...