Friday, 01 October 2010

Saab & BMW Engine Supply Agreement

 Saab Automobile and BMW Enter into Agreement For The Supply of Petrol Engines

• Engines with latest fuel savings innovations to be used in future generation Saabs
• Major step towards successful future as independent company
  

Trollhättan, Sweden: Today, Saab Automobile and BMW announced an agreement for the supply of engines to be used in the next-generation Saab vehicles. Under the purchase, supply and development agreement, BMW will supply Saab with 4-cylinder 1.6 litre turbocharged petrol engines from 2012. The engines will be adapted to meet Saab’s specific requirements.

The contract was signed on Wednesday in Trollhättan, Sweden. Participating in the signing were Saab Automobile CEO Jan Åke Jonsson, Saab Automobile Chairman Victor Muller and Ian Robertson, Member of the Board of Management of BMW AG, responsible for Sales and Marketing.

Announcing the deal, Saab Automobile CEO Jan Åke Jonsson said: “It gives me great pleasure to confirm this exciting new relationship. BMW’s engines and their fuel savings innovations are widely regarded as a benchmark in the premium segment. We look forward to integrating this technology into our next-generation vehicles in a true Saab way.”

Victor Muller, Chairman of Saab Automobile, said: “This is a major step forward for Saab on our journey to becoming a profitable independent premium car maker. In line with our strategy, we will continue to capitalise on our own engineering expertise while also working with the very best partners. This relationship will enable both parties to explore further opportunities in the future.”

Ian Robertson, Executive Sales and Marketing Director of BMW, added: “As part of our Strategy Number ONE we are continuing to expand our powertrain sales business worldwide. Today’s agreement marks another important milestone along this route. Our engines have a clear lead over the competition when it comes to fuel consumption, emissions and performance and we are delighted to support Saab with our engine expertise.”