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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Saab Automobile AB
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Saab Automobile AB |
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NEWS FROM THE STANDARD |
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HP Joins European Corporate Venturing Group
Apr 24 2001 12:44 PM PDT
PROFILE |
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Among its European rivals, Saab Automobile's product development pace is viewed by many as Saab-par. Saab's current lineup includes the turbo 9-3 (available as a convertible, coupe, and five-door hatchback) and the luxury 9-5 (also available in a wagon). Saab Automobile is a wholly owned subsidiary of General Motors, the world's #1 carmaker. GM took over complete control of Saab after buying out Investor AB's 50% stake. Saab has yet to show a profit, even after 10 years of association with GM, a fact that has kept GM from infusing too much cash into Saab. This catch-22 has slowed Saab's already snail-like rollout schedule relative to its European rivals' brands such as Mercedes-Benz, BMW, Audi, and Volvo.
COMPETITION |
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Bayerische Motoren Werke AG (BMW)
DaimlerChrysler AG (DCX)
Volkswagen AG (VLKAY)
DEALS |
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Deal: Carfax Partners With Saab Cars USA
Date Announced: 02.05.01
Value of transaction (US $Mil): 0
Description: Web-based provider of vehicle history reports adds Saab as a merchant partner.
> Search all deals for this company
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 3,490.60
1-Yr. Sales Growth: (0.5)%
Employees: 9,071
Revenue per employee: $384,808.73
KEY PEOPLE |
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Peter Augustsson
CEO
Frederick D. Stickel
CFO
CONTACT INFO |
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S-461 80 Trollhättan, Sweden
Phone: 46-520-85000
Fax: 46-520-35016
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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