GM, Saab agree to five-year alliance - Saab 9-5 Bulletin Board - Saabnet.com
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GM, Saab agree to five-year alliance
Posted by HS [Email] (more from HS) on Wed, 25 Mar 2009 17:56:02
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General Motors NewsGM, Saab agree to five-year alliance
General Motors’ Saab brand was believed to be a goner, but it looks as though the Swedish brand will be able to soldier on. GM and Saab have reportedly agreed to a five-year alliance, which will see GM swapping vehicle platforms for Saab safety, chassis and engine technology.
Lars Hagerborg, Saab’s finance director, revealed the deal to the Dagens Industri. The five year plan should give Saab enough to time to develop its own platforms and doesn’t immediately pull the rug out from under the ailing automaker’s feet. The agreement should also make the Swedish automaker more attractive to potential buyers.
The news of the agreement also indicates the upcoming Saab 9-4X and next-generation 9-5 sedan are likely still on schedule. The future of both models hung in the balance when GM announced it was looking to sell Saab, compounded by the automaker’s decision to file for bankruptcy earlier his year.
Saab is slated to become a standalone entity on January 1st, 2010.
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