Saab Finalizes Deal with Panga Da and Youngman, Announces New 9-1, 9-6X and 9-7

Saab’s parent company Swedish Automobile NV said on Monday it converted the non-binding memorandum of understanding with Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co into a final agreement. However, the deal is still subject to regulatory approval from Chinese and Swedish authorities as well as the European Investment Bank.

In addition to the above agreement, Saab announced the formation of a Sweden-based joint venture company between itself and Youngman called NPJV, which will focus on the development of three new product models.

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What Lies Ahead in Saab’s Future?

Saab is in trouble. With mounting debts and limited capital investment, the Swedish company is a prime candidate to go the way of the dinosaurs. The troubled automaker has not built a single vehicle since the 1st of April, and a much touted deal with China’s Hawtai Motor Group has fallen through. They did however sign a Memorandum of Understanding (MoU) with another Chinese company called Pang Da Automobile Trade Co. Ltd, earlier this week, but we will have to wait and see if the deal goes through.

In light of this, I’ve thought up four plausible (though unlikely) scenarios for Saab. These range from the hugely cynical all the way to the brazenly optimistic. After all, isn’t it better than Saab has some future rather than no future at all? Without further ado, here are your options:

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Saab Officials Confident that 2011 will be a Turning Point in the Company’s History

Saab sold just 31,696 cars globally in 2010, after having cut its sales target from 45,000 to 30,000-35,000 vehicles, due to the restructuring of the brand’s supplier base. However, with fourth quarter (2010) sales up 129% compared to 2009, Chairman Victor Mullen believes that Saab “is firmly establishing itself as an independent car manufacturer”.

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Saab Targets Chinese and Russian Markets, Unlikely to Develop a Diesel 9-4X

Saab has revealed plans to begin distribution to China and Russia. Deals for both countries will be signed before the end of the year, while Saab is also pondering the assembly of cars in the Far East. In other news, the Swedish maker also said that it's unlikely that we'll see a diesel-powered 9-4X any time soon.

In regards to China, Saab CEO Jan Ake Jonsson, told reporters on the sidelines of the Los Angeles Auto Show: "Until we launch the new 9-3 at the end of 2012, it will be just a couple of thousand units (annually), all based on imports. As we lead up to this, we have to make a decision if and when we are going to introduce local manufacturing in China."

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Spyker Details Strategic Plan for SAAB, Says New 9-3 with Hatchback Variant Coming in 2012, Smaller 9-1 Under Consideration

In anticipation of a general meeting on February 12 where Spyker shareholders will officially approve the purchase of Saab, the tiny supercar maker from Holland went ahead and outlined its future plans for the ailing Swedish automaker that include the presentation of a successor to the 9-3.

First of all, Spyker confirmed that Saab will be a stand-alone niche manufacturer with three to four model lines and that the Swedish brand will continue to be positioned against other premium brand brands such as Audi and BMW.

According to the plan, Saab's product portfolio will be completely renewed over the next few years beginning with the launch of the all-new 9-5 sedan early this summer, followed by a station wagon version and an Audi A6 Allroad-rivaling 9-5X crossover variant.

In 2011, Saab will introduced the Cadillac SRX-based 9-4X Crossover that will be built in Mexico, while a year later, the company will launch the all-new 9-3 that will eventually grow to include sedan, sports estate, 'X' crossover, convertible and for the first time in many years, hatchback body styles.

Spyker added that it is also looking into the possibility of adding a fourth smaller model called the '9-1', which would compete in the premium C-Segment against the likes of the BMW 1-Series and Audi A3.

However, Spyker noted that such a car isn't currently included in the official Business Plan, so if the company decides to go ahead with the development, addition financing would be required.

With the exception of the 9-4X, all other models will be built at Saab's Trollhättan factory, with Spyker aiming to produce and sell between 100,000 to 125,000 vehicles per year.

The Swedish automaker will continue to collaborate with GM after the completion of the sale, but Spyker's plan is to gradually "reduce dependency and obtain improved access to other suppliers and the co-development of unique innovations."

Spyker business plan also makes word for Saab's current dealer network which will be re-energized with a new sales and distribution approach in certain markets, starting from this year.

The business plan that was drawn up by Saab management over the past ten months, is said to have been analyzed and supported by Spyker in assistance with the firm's advisers Booz & Co and KPMG Transaction Services, as well as several advisers to the Swedish Government and the European Investment Bank (EIB).

EIB will provide a €400 million loan -guaranteed by the Swedish government- to the newly formed company.

Video: Saab 9-X Air Convertible Concept

Revealed ahead of its Paris show debut, the 9-X Air concept previews Saab's upcoming 9-1 premium hatch that will rival the likes of the Audi A3, BMW 1-Series and Volvo C30. Equipped with a fabric top that automatically folds in three sections behind the rear seats, the 9-X Air is powered by a 200 HP 1.4-liter turbocharged engine that runs on E85 biofuel and is matted to a hybrid electric motor. Hit the jump to check out the first official video of the 9-X Air that includes an interview with GM Europe’s Vice President of Design, Mark Adams or click here for more details and a high-res image gallery. -Continued

Saab 9-X Air Convertible Concept: 32 High-Res Images and Official Details

Set to make its global premiere at the Paris Motorshow in October, the Saab 9-X Air Concept is the convertible version of the 3door 9-X BioHybrid that was revealed at the Geneva Show in March. And despite its name, this concept is not just a lot of hot air as the Swedish firm intends to use the 9-X models as a base for their forthcoming 9-1 premium hatch that will rival the BMW 1-Series, Volvo C30 and Audi A3. Essentially, the 9-X Air is giving us an idea of what a convertible version of the 9-1 could look like. -Continued

The most unique feature on the 9-X Air is the clever roof system that Saab calls the ‘Canopy Top’. The flat-folding fabric top was developed from a Targa roof principle, hence the prominent C-pillars, or as Saab calls them, buttresses, that provide the rear mounting for the Canopy Top.

The fully automatic fabric top folds into three small sections under a rear tonneau cover in the trunk deck. The rear screen between the buttresses retracts automatically into the underside of the raised tonneau cover to allow stowage of the Canopy Top. The screen then moves back into position to provide a complete glass surround for the cabin in open-top mode.

This ‘surround glass’ feature, together with an active wind deflector on top of the windshield header rail, essentially create a ‘wraparound’ wind deflector net, promising to cut turbulence for all four passengers.

As you may have noticed in the photos, the 9-X doesn’t actually have a boot opening. And indeed, Saab’s designers have replaced the traditional boot with a storage compartment, big (or rather small) enough to accommodate two golf bags, that slides out from underneath the rear light bar.

Inside, the 9-X Air boasts a futuristic design with a row of five display screens illuminated in green 3-D graphics that we probably won’t see going into production for another decade or so, but hey, what did you expect from a concept car.

As with its three-door sibling, the 9-X Air Concept is equipped with a hybrid powertrain that comprises a 200HP 1.4-litre turbocharged biofuel (85% bioethanol - 15% petrol) engine matted to a dual-clutch six-speed semi-automatic transmission and an electric motor with a lithium-ion battery pack. According to the Swedes, the 9-X Air can sprint from zero to 100 km/h (62 mph) in 8.1 seconds and on to a top speed of 231 km/h or 143 mph.

Finally, Saab says it has projected an average fuel consumption on gasoline of 5.0 lt/100 km (57 US MPG) and 119 g CO2/km while on E85, CO2 emissions are projected to be even lower, at just 107 g/km, with estimated fuel consumption of 6.5 lt/100 km (36.2 US MPG).