Saab and Sweden create venture to develop transmissions for the auto industry

Article by Christian Andrei, on December 24, 2010

Spyker Cars NV's Saab Automobile has entered an agreement with Sweden's government to set up a venture to develop transmissions for the auto industry. Saab and Fouriertransform AB, the government’s venture-capital firm, will create a staff composed of about 50 engineers from Saab’s powertrain division, the companies recently said in a joint statement on Fouriertransform's Web site.

The companies said that the venture to be formed in 2011, will develop transmission systems like gearboxes, for Saab and other carmakers.

The new company will be called VICURA and will be based in Saab’s hometown of Trollhaettan. Saab CEO Jan-Aake Jonsson said that the venture will drive down the company's break-even point and improve operational efficiency as it works toward becoming a profitable, independent company.

Saab, which General Motors Co. sold to Netherlands-based Spyker in February 2010, aims to sell 30,000 to 35,000 cars this year.

It aims to be profitable and to sell 120,000 cars globally by 2012. Saab presently buys its manual gearboxes from GM and its automatic transmissions from Aisin AW, a unit of Aisin Seiko Co. [via autonews - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries