Detroit Bureau on Twitter

Posts Tagged ‘Jan Åke Jonsson’

Three Former Saab Executives Face Fraud Charges

Ex-CEO among those under investigation.

by on May.21, 2013

Former Saab CEO Jan Ake Jonsson.

Three former Saab Automobile AB executives, including one-time CEO Jan Ake Jonsson, have been detained by Swedish authorities and could face charges involving tax and accounting fraud.

The unexpected development comes nearly 18 months after the long-struggling automaker filed for bankruptcy, most of its assets eventually sold to a Japanese-Chinese consortium. A $3 billion lawsuit filed by the Dutch company that purchased Saab from General Motors, meanwhile, has yet to be resolved.

Stay Focused - With a Free Subscription!

Ex-CEO Jonsson is one of three former executives who could face up to four years in prison based on the allegations raised in Vanersborg District Court which covers Saab’s former headquarters in Trollhattan, Sweden.

(more…)

Saab Sells Old Tooling to Chinese

BAIC buys Saab 9-3, 9-5 and powertrain technology.

by on Dec.14, 2009

The deal doesn't include the rights to the Saab name.

The Beijing Auto deal doesn't include the rights to the Saab brand or model names.

Saab Automobile AB announced today that it had closed on the sale to Beijing Automotive Industry Holdings Co. Ltd (BAIC) some Saab 9-3 technology, the older 9-5 production tooling and some powertrain technology.

Saab will assist BAIC in integrating these unnamed technologies into future BAIC vehicles.

Financial details of the sale were not released.

The older production tooling used for the 9-5 sedan will move to BAIC, where it will produce the cars as BAIC models. The agreement does not include any rights to the Saab brand name, or the model names. BAIC currently produce trucks under its own brand name.

Tac!

Tac!

Saab 9-3 and the new replacement 9-5 model, which is not yet on sale, remain in production in Trollhättan, Sweden.

(more…)