Navigation

Youngman plans new models for Saab

Published August 9, 2011

In 2018 China Car Times was acquired by Autowise. This article originally appeared on ChinaCarTimes.com.

Although Saab is at a critical point between life and death, Youngman is still optimistic about its future and has put forward a 2012+ product plan for the ailing Swedish company.

Huang Zhiqiang, vice president of Zhejiang Youngman Passenger Car Group, said that the first thing Youngman will do after completing the Saab acquisition is to expand Saabâs product lineup to the higher and lower ends, and will launch new products such as the 91, 96X and 97. These new products will be made by their planned Swedish joint venture which will focus solely on R&D of new models.

Huang believes Saab has advanced technologies and strong R&D ability. It has an R&D center with more than 1,000 staff. Saab has a huge potential, but its problem is lack of funds.

Youngman and Pangda revealed that the acquisition plan has already been submitted to Chinaâs National Development and Reform Commission. But they are still drafting the concerned business plan and feasibility report.

Youngman plans three steps for Saabâs future development. First, Saab will resume production in a short period, which could be realized once the Chinese investment is in place. Second, Saab is expected to break even and sell more than 80,000 vehicles annually in the second year after it resumes production, since it has such a strong partner as Pangda. Thirdly, Saab will gradually return to a profitable situation.

However, Saabâs road to production resumption is not going as smoothly as planned. Saab has postponed its production resumption schedule from August 9th to August 29th due to lack of funds. If Saab fails to find an investor to pay the employees in two weeks, it will be forced into liquidation, and its partnership deals with Youngman and Pangda will be voided completely.

Categories:

Tags:

About

The BMW 8-Series rear 3/4

BMW announced to build a new $1.2 billion plant in Hungary

Honda Supercharged V-Twin Patent 1

Honda Reveal Supercharged V-Twin Patents!

7 Chinese Motorcycle Clones That Look Like The Real Deal

Ford Says China Growth Will Outstrip Industry Average

Who is Kandi Technologies Group (KNDI)?

Honda To Introduce 12 Models into China by 2015

Just for FUN! MG3 Launched in the UK

MG UK Responds to Jeremy Clarkson

Five Chinese Cars That Were Ahead of Their Time

China’s Tit for Tat Trade War With the EU

At Autowise, we envision ourselves as not just a automobile blog or an automobile news website, instead we see our website as a platform to connect all automobile enthusiast and provide them with all the information they need.

Office Address: AutoWise, 809 N 30th St. Rogers, AR 75756
Emailcontact@autowise.com

© Copyright 2010 - 2018 AutoWise. All rights reserved.