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Saab, Sweden Form Venture to Develop Auto Transmission Systems

Saab Automobile, the carmaker owned by Spyker Cars NV, has agreed with the Swedish government to set up a venture to develop transmissions for the auto industry.

Saab and Fouriertransform AB, the Swedish government’s venture-capital firm, will staff the company with about 50 engineers from Saab’s powertrain division, the companies said today in a joint statement on the Fouriertransform website.