Saab has taken another step towards safety with the finalisation of a 245m Euro (£220m) financial rescue package, and has wasted no time in announcing it intends to make three new models.
The most eye-catching of these is a small city car named the 9-1, which will aim to take on the likes of the Mini and the Fiat 500 and boost global sales.
As well as the small city car, Saab also announced plans to create a 9-6X and a 9-7, which it says are aimed at expanding the company's customer base in China and the US.
The 9-6X is likely to be a large SUV based on the 9-5 underpinnings to follow on from the 9-4X that is due to arrive later this year. The 9-7 could be a large executive saloon that would be aiming to take on the likes of the Audi A8 and Volvo S80 saloons.
Mr. Pang Qingnian, CEO of Youngman, said of the three planned models: "The Saab '9-6X' and Saab '9-7' will be key to enhancing the prestige of the Saab brand to an even larger group of customers in China and the US, while the entry level Saab '9-1' will appeal to urban motorists around the globe."
The cars will be created under a new agreement between Saab and Chinese company Youngman Passenger Car called the New Product Joint Venture (NPJV). Saab will remain responsible for the cars' design, development and testing to the point of production, while Youngman is set to be a purely financial partner in the deal.
Source - Tom Webster, Autoblog UK