Saab to spend $156.1 million to boost capacity

Article Abstract:

Saab Automobile AB revealed it will spend approximately 1.2 billion kronor or $156.1 million in its plants and over 150 million kronor in new equipment in the next three years. Included in Saab's planned spending are upgrades in its assembly plant, in its Trollhaettan, Sweden, press facility, purchase of new equipment for Saab's transmission plant in Gothenburg, Sweden, and for Saab suppliers. The move, part of its two-year overall plan to return to profitability, will raise Saab's production capacity and give at least 100 new jobs. Saab will announce the move on May 25, 1998.

Comment:

Will spend approximately 1.2 bil kronor or $156.1 mil in its plants & over 150 mil kronor in new equipment in the next three yrs

Capital expenditures, Saab Automobile AB

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Saab may hit some turbulence after today's IPO

Article Abstract:

Saab AB, based in Sweden, may face some challenges after its initial public offering at the Stockholm Stock Exchange on Jun. 18, 1998. According to analysts, the performance of the company's stock may depend on Saab's ability to land an order. Analysts, including Lars Soederfjell of Myberg Securities in Stockholm, Sweden, said Saab's stock could rise to as high as 160 kronor if the firm were to sign a large export deal. Saab eyes to win at least 20% of orders in the world-wide fighter-jet market over the next 10 to 15 years.

Comment:

May face some challenges after its initial public offering at the Stockholm Stock Exchange on 6/18/98

Organizational history, Transport Equipment, Transportation equipment, Saab AB

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Volkswagen, Volvo begin talks on ties that may lead to merger

Article Abstract:

Volkswagen AG (VW) of Germany is negotiating with Volvo AB of Sweden over a business cooperation that could eventually lead to a merger. According to sources close to the deal, VW Chairman Ferdinand Piech met privately with Volvo President and Chief Executive Officer Leif Johansson at the headquarters of Volvo in Gothenburg, Sweden, to discuss the possibility of an extensive business alliance. Although Volvo confirmed the existence of such talks, automakers VW and Volvo refused to comment or detail the talks.

Comment:

Is negotiating with Volkswagen AG over a business cooperation that could eventually lead to a merger

Germany, Strategic alliances, Motor Vehicles & Parts, AB Volvo, Volkswagenwerk AG

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