Saab in China

[nzsaab]

Powertrain Expansion and Improvements - 2011 models

For Model Year 2011, Saab is introducing major powertrain improvements: class-leading CO2 emissions of just 119 g/km in the 9-3 range and a wider engine choice for the newly-launched 9-5 sedan.



Saab 9-3 range:

Class-leading CO2 emissions of just 119 g/km with 4.5 l/100km combined cycle fuel economy for diesel-powered Saab 9-3 Sport Sedans in Linear or Vector specification. In terms of CO2 per unit of horsepower, the 180 hp engine delivers the most efficient performance in the compact segment.
More powerful 1.9-liter diesels, all with two-stage turbocharging. New 130 hp TTiD replaces the previous 120 hp, single turbo TiD unit and a 160 hp TTiD version replaces the 150 hp TiD. They join the range-topping 180 hp/400 Nm TTiD variant.
Average10 percent reduction in CO2 emissions across the gasoline and diesel range
New 163 hp, 2.0-liter gasoline turbo available with Saab XWD for 9-3 Sport
Sedan, SportCombi and 9-3X soft-roader
Distinctive TX special edition continued across the range
New rear badging to match format introduced on new 9-5 sedan



Saab 9-5 sedan:

Greater customer choice: powertrain line-up now expanded from three to six engines – 190 hp, 2.0 TTiD introduced, available with Saab XWD, as well as two-wheel drive.
First Saab diesel with XWD system, Offered in addition to 160 hp, 2.0 TiD engine with two-wheel drive.
Rightsized, 180 hp, 1.6 Turbo gasoline engine lowers price entry point. Among most efficient production engines in its class, producing 112 hp per liter
New 220 hp, 2.0-liter BioPower engine – able to run on gasoline and/or E85 fuel (85% bioethanol,15% gasoline) in any blends.

[CCF mod]

Saab announces memorandum of understanding with China's Pang Da

Official Press release

Zeewolde, The Netherlands, 16 May 2011 - Spyker Cars N.V. (Spyker) announces today that Spyker and Saab Automobile AB (Saab Automobile) signed a Memorandum of Understanding (MoU) with Pang Da Automobile Trade Co., Ltd (Pang Da), China's largest publicly traded automobile distributor with over 1100 dealerships nationwide. The MoU includes a strategic alliance consisting of a 50/50 distribution joint venture and a manufacturing joint venture (MJV) for Saab branded vehicles as well as for an MJV-owned brand (the so-called 'child brand') in China. Saab Automobile will have up to 50 percent in the MJV, with Pang Da and a to-be-selected manufacturing partner owning the remaining shares.

Pang Da shall make a EUR 30 million payment for the purchase of Saab vehicles and is expected to make an additional EUR 15 million for the purchase of more Saab vehicles within 30 days subject to certain circumstances. Additionally, Pang Da will take an equity stake in Spyker for a total amount of EUR 65 million at EUR 4.19 per share (the weighted average of the ten last trading days), representing 24 percent of Spyker on a fully diluted basis, and will have the right to nominate a member of the Supervisory Board of Spyker and /or the Board of Saab Automobile.

Spyker, Saab Automobile and Pang Da signed an MoU on the formation of a joint ventures with respect to distribution and manufacturing in the Greater China market, subject to definitive transaction documentation and certain regulatory approvals.

Pursuant to the MoU, Pang Da will transfer EUR 30 million to Saab Automobile as payment for the purchase of Saab vehicles and an additional EUR 15 million within 30 days for the purchase of additional vehicles depending on certain circumstances.

Pang Da will take an equity participation in Spyker for a total amount of EUR 65 million at EUR 4.19 per share representing up to 24 percent of Spyker's outstanding share capital on a fully diluted basis.

The MoU between Spyker, Saab Automobile and Pang Da contains the principles on which the parties will establish a 50/50 joint venture for the distribution of Saab-branded vehicles in China.

The EUR 65 million share subscription by Pang Da will secure Saab Automobile's medium term funding.

Some of the transactions following the MoU are subject to agreement on definitive transaction documents and certain conditions, which include consents from certain Chinese governmental agencies, the European Investment Bank, GM and the Swedish National Debt Office.

With the receipt of Pang Da's EUR 30 million initial payment, Saab Automobile aims to come to an agreement on payment and delivery terms with its suppliers as it secured the liquidity that is required to restart production as soon as possible. In order to improve lead times to customers and dealers on existing and future orders, Saab Automobile will work together with its suppliers to minimize any impact from the recent production stop.

Victor Muller, CEO of Spyker and Saab Automobile said:
"Both parties are confident that this partnership allows Saab Automobile and Pang Da to create a strong business, initially in the distribution and subsequently in the manufacturing of Saab vehicles in China.

"Pang Da is a forward-looking, profitable and well-capitalized public company that, as the single largest automobile distributor in China, sees enormous potential for our brand in their home market. We will work hard to finalize the relevant agreements and firmly establish Saab in the world's fastest growing car market. Pang Da taking a substantial equity stake in Spyker underlines their confidence in our plans for the future and China in particular."

Mr. PANG Qinghua, CEO of Pang Da, said:
"This partnership allows us not only to distribute Saab, the iconic European premium brand, in China but also to set up a manufacturing joint venture which will further enhance the competitive position of the Saab brand in China.

"With the new products Saab has launched since it became an independent car manufacturer early last year, such as the all new Saab 9-5 and the Saab 9-4X which have been widely acclaimed, and not in the least the upcoming successor to the current Saab 9-3, we believe the timing is perfect for Saab to enter the Chinese market. Our size, financial strength and competence in addition to our ability to move fast will be crucial to Saab's success in China.

"Having just gone public ourselves three weeks ago, we are delighted to have the opportunity to become a substantial shareholder in Spyker, Saab's parent. We very much look forward to collaborating with Saab's management to successfully enter our promising home market."

http://www.autoblog.com/2011/05/16/s...hinas-pang-da/

[Juntos]

Who is Pang Da?

[erik (laofan), cmvdc]

good question.