Saab is teetering on the financial abyss, but the company has announced plans to develop three new models.
Revealed as part of Saab's agreement with Pang Da and Zhejiang Youngman Lotus, the ambitious plan calls for a 9-1, 9-6, and 9-7. Details are sparse but the 9-1 will be an entry-level model (previously known as the 9-2), while the 9-6 and 9-7 will be "prestige" vehicles. Saab will be responsible for all the engineering and design work, while Youngman will provide the "necessary financial investments."
According to Saab CEO Victor Muller, "This joint venture offers Saab Automobile the opportunity to develop models that were not envisaged nor funded in our original business plan: for instance, we will now be able to develop a small entry level Saab, a car that has long been on the top of our wish list."
Check out the press release for additional information