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Saab unveils new 9-4X in Los Angeles

Sweden-based Saab Automobile showed off its new 9-4X at the Los Angeles Auto Show on Thursday, hoping its first-ever crossover SUV will be a hit in the US market.

Saab unveils new 9-4X in Los Angeles

“We’re very satisfied. There’s been huge interest in both the car and the company,” said 9-4X programme manager Mikael Jacobsson to the TT news agency.

Referred to by Saab as “muscular and sporty”, the looks and size of the 9-4X place it somewhere between the 9-3X and new 9-5 sedan.

“The 9-4X significantly broadens the appeal of the Saab brand,” Saab Automobile CEO Jan Åke Jonsson said in a statement.

“It gives us entry to the fast-growing crossover segment with a vehicle that reflects our brand values in key areas, such as progressive Scandinavian design and sporty, responsible driving performance.”

Saab sales took a hit in all markets following last year’s turbulence surrounding the company’s ownership, especially in the United States, which had previously been Saab’s most important market.

And reviving enthusiasm in the brand, as well as sales figures has taken time.

Thus Saab is pinning high hopes in the new 9-4X, its first crossover SUV, which was designed with an eye toward the North American market, where small- and medium-sized SUVs are quite popular.

Saab was ready for criticism, however, because there is no diesel or hybrid version of the 9-4X – a fact mentioned in several Swedish media reports.

“The car is directed primarily at the US market and there diesel isn’t number one,” said Jacobsson.

In addition to the United States, Saab hopes the 9-4X can gain a foothold in both China and Russia, although Saab still lacks a Russian sales infrastructure. But Saab CEO Jonsson hopes to have one in place by the end of the year.

Saab estimates it will sell around 12,500 9-4X’s annually during the vehicle’s life cycle. Board chair Victor Muller was even more bullish about the new model’s prospects, telling the Bloomberg news agency that Saab could sell between 15,000 and 20,000 vehicles in 2012.

“That’s likely an expression of his feelings about the car’s potential,” said Jacobsson.

The new 9-4X is set to go on sale in North American in May 2011, with sales in other markets expected to start in August.

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CARS

Former Swedish Saab bosses appear in court

Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.

Former Swedish Saab bosses appear in court
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT
The pair are accused of falsifying the paperwork at the height of the Swedish company's financial difficulties at the start of the decade.
 
A third person – who has not been named in the Swedish media – is accused of assisting them by issuing false invoices adding up to a total of 30 million kronor ($3.55m).
 
According to court documents, the charges relate to the firm's business in Ukraine and the paperwork in question was signed just before former CEO Jan Åke Jonsson resigned.
 
Both Jonsson and Saab's former head lawyer Kristina Geers have admitted signing the papers but denied knowledge of the Ukranian firm implicated in the case.
 
All three suspects deny all the charges against them.
 

Saab's former head lawyer Kristina Geers. Photo:  Björn Larsson Rosvall/TT
 
Saab filed for bankruptcy at the end of 2011, after teetering on the edge of collapse for nearly two years.
 
Chief prosecutor Olof Sahlgren told the court in Vänersborg on Wednesday that the alleged crimes took place in March 2011, when Saab was briefly owned by the Dutch company Spyker Cars.
  
It was eventually bought by National Electric Vehicle Sweden (Nevs), a Chinese-owned company after hundreds of staff lost their jobs.
 
The car maker, which is based in west Sweden, has struggled to resolve serious financial difficulties by attracting new investors since the takeover.
 
In October 2014 it announced it had axed 155 workers, close to a third of its workforce.
 
Since 2000, Saab automobile has had no connection with the defence and aeronautics firm with the same name. It only produces one model today, the electric 9-3 Aero Sedan, mainly targeting the Chinese market.