Saab Announced New Headquarters in North America
"Saab Cars North America appreciates the assistance and cooperation of the City of Royal Oak and the Governor's office in helping make the company's decision a reality during tough economic times," said Mike Colleran, President and COO, Saab Cars North America.
"As a direct result in acquiring local and state assistance, we look forward to renewing our U.S. presence as an independent, premium luxury automotive brand with Swedish heritage while maintaining our loyal following and potentially attracting new customers."
"From advanced batteries to homeland security and life sciences to building materials, companies across all industry sectors are choosing Michigan for their growth plans, because our state is a great state in which to do business," Governor Granholm said.
The project was secured due to the the State of Michigan Economic Development Council, which worked with the City of Royal Oak. Governor Granholm approved a state tax credit, with local contribution by the City of Royal Oak, for a total benefit of $1.4 million over five years. This decision is meant to encourage Saab to expand in the State of Michigan.
"This is tremendous news for Oakland County. While the county continues to transform into a knowledge-based economy through my Emerging Sectors, Medical Main Street and Automation Alley initiatives, the automobile industry still employs a large segment of our workforce. This affirms that we remain the global center of the auto industry. Credit is due to the Michigan Economic Development Corporation, my Economic Development Department and Royal Oak," said L. Brooks Patterson, Oakland County Executive.