Saab Finalizes Financial Deals, New 9-1, 9-6X and 9-7 Coming

Saab is an automaker that has been severely hit by financial problems and is on the verge of closing its doors for good. However, the Swedish company is still standing for now and has just announced it plans to go forward with the next-gen 9-3, plus three new models - the Saab 9-1, Saab 9-6X and Saab 9-7.

This is because Swedish Automobile that was formerly know as Spyker, the parent company of Saab, has signed final deal with Youngman and Pang Da, which converting the previous non-binding memorandum of understanding relating to the capital investment of the two Chinese firms announced last month into binding agreements.

The three new Saabs will actually come as a result of a new Sweden-based 50/50 joint venture with Youngman. Under the deal, the carmaker will be responsible for the design, development and testing of the car at its state-of-the-art technical development department in Trollhattan, Sweden. Youngman will provide financing.

No additional information was provided by the carmaker, so we’ll have to put together the puzzle of the future Saab lineup. First, the new 9-1 will be the entry to the range, and recent reports suggest it will be a small hatchback based on the Saab 9-X BioHybrid concept unveiled some three years ago.

The 9-6X will probably be a larger crossover, possibly offering a more luxurious feel than the current offering. It should be pitted the likes of the next-gen BMW X5, though only time will tell if its a worthy opponent. Last but not least, the 9-7 will  be a new flagship sedan aimed at pleasing new customers in China and the US.

With so many new vehicles coming, we have to ask if Saab isn’t stretching itself too far given its limited resources. Are we excited about their new cars? Not really.