Saab Automobile AB, better known as Saab is a Swedish car manufacturer. It was formed in 1945 out of Saab AB, “Svenska Aeroplan AB (English: Swedish Aeroplane Limited), a Swedish aerospace and defence company, when Saab AB started a project to design a small automobile. The Saab 92, Saab’s first production model, was launched in 1949. The parent company merged with Scania-Vabis in 1968, and ten years later, in 1978, launched the Saab 900, Saab’s best-selling and most iconic model. In the late 1980s, the new Saab 9000 turned out to be a major disappointment and in 1989, the Saab car division of Saab-Scania was restructured into an independent company, Saab Automobile AB; General Motors (GM), with an investment of US$600 million, owned 50%. GM exercised its option to acquire the remaining Saab shares in 2000, spending US$125 million to turn the company into a wholly owned subsidiary. GM sold it to the Dutch automobile manufacturer Spyker Cars N.V. (now Swedish Automobile) in 2010.
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