There have been a lot of changes in the car industry, especially within General Motors. They have gotten rid of four brands after getting out of debt this past July. Saab, which has not been a good money maker for GM, was recently purchased by Spyker. Great news for Chicago Saab used cars, those who sell them to loyal customers will still be able to do so!
Saab has been a car brand for the past 72 years. Spyker bought the company for $400 million in cash and preferred shares. Imagine that kind of money to buy a company! To really get Saab back on track as a money maker, several things need to take place. Spyker says that 100-125 thousand Saab autos will need to be sold annually. A great time to push those Chicago Saab used cars off of lots and into the hands of an excited buyer!
Also, $1 billion dollars of “peak funding” needs to come in. Where will this come from? In a statement from a Spyker rep, it will come from the following source: “The $1 billion Saab needs will mainly come from $326 million in the creation of preferred shares from GM receivables on Saab and a planned 400 million-euro ($558 million) loan from the European Investment Bank as outlined in the sale agreement, Spyker said. Another $200 million will come from available cash.” This is definitely a lot of cash being pumped into the Saab network.
Spyker further says they may make a 9-1 model. It would be a small Saab model, but there are a few advantages of this. They cost less to manufacture and can be mass produced a bit easier. In Europe, governments are cracking down on carbon dioxide emissions, so smaller cars will have to enter the lineups of car companies. Saab could pioneer the way in that area!
I am excited about the possibility of Saab autos. They are a classic brand of cars with a lot of offer the right driver. Head to your dealer today to see new and used models, meet the friendly service staff, and get your Saab oil change Chicago!

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Saab is working on more environmentally friendly vehicles. The company plans to manufacture both hybrid and electric models that won’t be in dealerships until late 2011, at the earliest. These new models are going to be hatchbacks, 9-1 or 9-2′s. Also, the company plans to replace the 9-5 saloon and estate, produce a new 9-3, and a 9-4X compact SUV. Saab will definitely be busy over the next year and a half!