How's Saab Doing? It Depends On Who You Ask…

Edward Niedermeyer
by Edward Niedermeyer

Reuters reports that Saab/Spyker partner Vladimir Antonov has questioned whether Saab will hit its ambitious 80k unit global sales goal this year, saying

This means that the company could face capital problems

Thelocal.se provides a little more detail quoting Antonov as saying

I’m not involved in how the company is run so I don’t have access to the numbers. But according to earlier versions of the business plan, they have to sell 80,000 cars this year to stay with the plan. From my point of view, I think that’s a bit too optimistic.

If the goal isn’t reached it would be nice for Saab to have €50-70 million ($69-97 million) as a little something extra to lean on. We’re ready to provide that money if we’re allowed to do so by the [European Investment Bank].

Antonov went on to say that bringing in outside investors would be difficult and that if the EIB loan fell through, something he does not foresee, Saab could be bankrupt “in days.” Needless to say, Saab’s Chief Optimism Officer Victor Muller didn’t take kindly to Antonov’s remarks and is firing back in the press.

According to the Reuters report, Muller has said that

the remarks made by Antonov, who last month agreed to buy the Spyker luxurysportscar business [link added], were “complete nonsense” and that Spyker was sticking to all Saab sales targets.

And when Reuters went looking for some third-party clarity on the conflict, Patrick Beijersbergen of Dutch sharholders’ group VEB told them

Muller is someone who is very positive and optimistic, which is good as a businessman, of course. Perhaps Antonov is more realistic. We have always said Muller was taking a big risk with the takeover. We have said before that Spyker may have to do a big share issue. That is still possible if one of the financiers reclaims his money

Finally, Saabsunited.com confirms (through a translated Russian interview with Vladimir Antonov) that the firm’s much-hyped “Phoenix platform,” which is said to be the future of the brand, is actually a development of a GM platform. Antonov explains

Saab – a niche company, we can not compare it to corporations such as Volkswagen, who works for the unification of models between brands. Plan for production – 125 thousand cars in 2012. But we also understand that the unification within the company needed. Therefore, our new platform PhoeniX – a development owned by Saab, although it is a modified platform GM. Saab will be able to build on it from multiple machines in length from 4.3 to 5.4 meters, including the SUV. The entire new model range, already saabovsky own, will be built on one platform.


Edward Niedermeyer
Edward Niedermeyer

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  • Wolfwagen Wolfwagen on Jul 10, 2023

    I picked up a 2003 Saab 9-5 arc wagon (V6 turbo) last fall to be my dd for my 20-minute r/t daily commute and around town car. It needed some work and I finally got it up and moving this spring. It still needs some work (SID and radio are currently out for repair) but it is comfortable, economical and I love the styling, I also don't see one in every parking lot or road. I wish I had found a pre-GM Saab, but they didn't make wagons then.

  • Seth1065 Seth1065 on Jul 10, 2023

    Again I will ask , why the hate , have you ever driven one ? Please enlighten me what do you drive ? Btw I am still driving a Saab

  • The Oracle Been out on the boat on Lake James (NC) and cooking up some hella good food here with friends at the lake place.
  • ToolGuy Also on to-do list: Read the latest Steve S. fiction work on TTAC (May 20 Junkyard Find)
  • 1995 SC I'm likely in the minority, but I really liked the last Eldorado best. That and the STS.
  • Dartdude Typical Joe, bribing people for votes. He will do anything to re-elected, but as soon as he is he will go back on everything he says and does. America has never been this venerable as it is today. NO country respect Joe and what he says.
  • Theflyersfan Since I'm one of a couple of IT guys that supports the network, server administration, and all things computer related at a 24/7 logistics center (only closed on Christmas), I have to work some of the long weekend. But there's still time after we close early on Monday to fire up the grill and smoker, have a few friends over and scarf down some smoky rubbed ribs and burgers. Remember those soldiers who have died. I'm sure those in my generation had grandfathers who fought in WW2 and fathers who fought in Vietnam. I have my grandfather's dog tags and his enlistment card framed as a reminder of the sacrifices they made and to honor his memory.
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