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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Saab Automobile AB

Saab Automobile AB
 NEWS FROM THE STANDARD
HP Joins European Corporate Venturing Group
Apr 24 2001 12:44 PM PDT

 PROFILE
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
Bayerische Motoren Werke AG (BMW)
DaimlerChrysler AG (DCX)
Volkswagen AG (VLKAY)

 DEALS
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

 FINANCIAL OVERVIEW
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
• Peter Augustsson
    CEO
• Frederick D. Stickel
    CFO

 CONTACT INFO

S-461 80 Trollhättan, Sweden
Phone: 46-520-85000
Fax: 46-520-35016
Online: Web Site

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