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Saab Abandoning Detroit Headquarters

But incentives likely to keep maker in Michigan.

by on Mar.16, 2010

No Saab story, as incentives keep the maker's headquarters from fleeing Michigan.

Swedish automaker Saab is expected to abandon its current headquarters at General Motors’ Renaissance Center, in downtown Detroit. But barring a last-minute hitch, the company, now owned by the Dutch based supercar maker Spyker, will only head about 10 miles north, to the Detroit suburb of Royal Oak.

Michigan has struggled to maintain its position as the heart of the American auto industry, and after losing Volkswagen of America and its subsidiaries, several years ago, the state government reportedly kicked in with significant incentives to keep Saab from fleeing, as well.  Prior to being purchased by General Motors, the company had been operating out of suburban Atlanta.

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Michigan Governor Jennifer Granholm is expected to announce a five-year package of tax incentives, today, that will be matched by Saab’s commitment to remain in the Detroit region.  The automaker, post-GM, is actually expected to expand its Detroit operations, reportedly promising to invest $2.4 million and create as many as 60 jobs over the next five years – bringing the headquarters total to around 160.  According to data presented to the state’s development agency, Saab expected those jobs to pay nearly $85,000 a year, on average.