Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Saab And Gm Prove A Good Match


In Business This Week

SAAB AND GM PROVE A GOOD MATCH

COME FEB. 13, THERE WILL be joy in Stockholm--and in Detroit. Sweden's Saab Automobile is expected to announce its first full-year profit since 1988, thanks in large part to help from General Motors, which in 1990 paid $600 million for 50% of the company. Saab has kept its distinctive styling intact, but its new 900 model shares mechanical guts with the Opel Calibra sold by GM's German subsidiary. Strong demand for the 900 helped boost Saab's worldwide sales 22% last year, to 89,000 cars--but without GM's parts bin to dip into, it likely couldn't have afforded the new model.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus