FACTBOX: Key facts about Saab

Mon Dec 21, 2009 8:27am EST

(Reuters) - The fate of Swedish auto brand Saab hangs in the balance as a Monday evening deadline looms for General Motors to decide on a renewed bid from Dutch luxury carmaker, partly Russian-owned Spyker Cars.

Below are some key facts about Saab:

GENERAL:

* Headquartered in Trollhattan, southwestern Sweden

* Employed about 3,400 people in May 2009

* Sold 93,295 vehicles in 2008, or 1.1 percent of total GM sales volume, down 25 percent from 2007

* Sales in 2009 to July 10 total 23,875 units

FINANCIALS:

* Saab has not made a profit since 2001

* 2008 loss estimated at 3 billion Swedish crowns ($392 million). A similar result was expected for 2009.

HISTORY:

* Saab has made cars in Trollhattan since 1949

* GM bought 50 percent of the firm in 1989 when Saab Automobile was established as an independent company. GM bought the rest of Saab Automobile in January 2000.

PRODUCTS:

* Saab's 9-5 and 9-3 models are built in Trollhattan. The 9-3 Cabriolet is made by Magna Steyr in Graz, Austria.

* There are also plans for new 9-5 and 9-3 models and a 9-4 sports utility vehicle.

SUBSIDIARIES:

* GM Powertrain Sweden AB and SAAB Deutschland GmbH -- the latter has a German sales and service subsidiary

Sources: Reuters/Saab Automobile, GM Sweden, GM Europe, Swedish Companies Registration Office

(Writing by Helen Massy-Beresford, Carl Bagh, David Cutler and Carol Bishopric; editing by Simon Jessop and Karen Foster)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.