The all-new 2010 9-5 Saab top-of-the-line Aero Sedan, arriving in U.S. dealer showrooms in July, will be priced at $49,990 MSRP. The Aero will have a 300 horsepower 2.8-litre V6 turbo engine with dual overhead camshaft valvetrain and a twin-scroll intercooled turbocharger mated to the Sentronic six-speed automatic with transmission with paddle shifting. Then it will be shortly followed by the 9-5 Aero introduction with a 2.0-litre turbo variant. Pricing for these 2011 model year vehicles will start at under $40,000 MSRP.
Saab Cars North America, after its parent company Saab Automobile AB of Sweden was recently purchased by Spyker Cars NV of Holland, is splitting away from under the General Motors umbrella and establishing its own headquarters in the Detroit suburb of Royal Oak. Saab Cars North America says it will create or retain approximately 2000 jobs in North America with plans to invest $2.4 million to enhance its U.S. Sales and Marketing operations.
"Saab Cars North America appreciates the assistance and cooperation of the City of Royal Oak and the Governor's office in helping make the company's decision a reality during tough economic times," said Mike Colleran, President and COO, Saab Cars North America. "As a direct result in acquiring local and state assistance, we look forward to renewing our U.S. presence as an independent, premium luxury automotive brand with Swedish heritage while maintaining our loyal following and potentially attracting new customers."
Saab Cars North America, which on February 23rd had its ownership officially transferred from General Motors to Spyker Cars NV, is cutting prices anywhere from 4 to 12 percent on all 2010 model year 9-3 cars.
The 9-3 Sport Sedan is available in two trim levels, 2.0T and Aero, and both can be specified with either front wheel drive or with Saab's Cross-Wheel Drive system with starting prices ranging from $29,725 MSRP for the 2.0T to $38,940 MSRP for the Aero model. MSRP includes destination and freight charges. The 4-cylinder 2.0 turbo delivers 210 horsepower and the 6-cylinder 2.8 turbo Aero is rated at 280 horsepower.
The 9-3 SportCombi starts at $31,155 MSRP for the 2.0T to $37,845 MSRP for the Aero model. The all-new premium 9-3X with a 2.0 liter turbocharged engine starts at $37,800 MSRP including destination and freight charges.
The 9-3 Convertible model prices range from $40,815 MSRP for the 2.0T to $45,905 MSRP for the Aero. The convertible offers a special edition package with leather steering wheel, Xenon headlamps and XM Satellite Radio for $695.
2010 vehicles will arrive during the next few weeks to dealer showrooms across the United States.
Spyker Cars N.V. has finalized the deal with General Motors to purchase Saab Automobile AB. Saab Automobile and Spyker Cars will operate as sister companies under the umbrella of the Amsterdam Euronext listed parent company Spyker Cars N.V. (Ticker symbol: SPYKR). This transaction secures the future of Saab Automobile.
Jan Ake Jonsson, CEO of Saab Automobile AB said: "Today's announcement is great for Saab's customers, dealers, suppliers and employees around the globe, the level of passion and support shown to Saab over recent months has been remarkable and this does bode well for the future. Now we aim to get back to the execution of our business plan, starting with the introduction of the new 9-5 later this year, and with the continued support of our employees and business partners I am confident we will succeed."
General Motors will start an orderly wind-down of Saab operations after GM failed to complete a sale transaction with Dutch car builder Spyker Cars. Spyker said that during the due diligence, certain issues arose that both parties believe cannot be resolved prior to the December 31st deadline set by GM. Spyker became involved in acquiring Saab after the withdrawal of Koenigsegg Group AB last month.
GM says it "expects Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers. Saab will continue to honor warranties, while providing service and spare parts to current Saab owners around the world."
Last week, Saab Automobile AB announced that it had closed on the sale of certain Saab 9-3, current 9-5 and powertrain technology and tooling to Beijing Automotive Industry Holdings Co. Ltd.
BMW Is Favorite To Gain Saab Buyers - AutoTrader.com
With the announcement today that GM will shutter its Saab division, BMW may be a winner, according to cross-shopping data from AutoTrader.com. Thirty-three percent of Saab shoppers also looked at BMW vehicles while researching and comparing new and used vehicles on AutoTrader.com, a larger percentage than looked at any other brand.
31% of Saab shoppers also looked at Audi models listed for sale on AutoTrader.com. 29% looked at Volvo, 27% at VW and Toyota, 24% at Honda and Mercedes-Benz, 23% at Ford and 22% at Chevrolet. Having said that, Saab's year-to-date 2009 sales in the U.S. through November stands at 7,812, a 61.3% drop from 2008, so when that kind of low volume is scattered around, will it really make a difference?
In other GM news, the company says it will begin loan repayments to the U.S. and Canadian and Ontario governments, paying $1.0 billion to the U.S. Treasury and $192 million to Export Development Canada.
