SAAB Cars

Saab AB is a Swedish aerospace and defence company, founded in 1937. From 1947 to 1990 it was the parent company of automobile manufacturer Saab Automobile, and between 1968 and 1995 the company was in a merger with commercial vehicle manufacturer Scania, known as Saab-Scania.

In 1968 Saab AB merged with the Swedish lorry, bus and heavy-duty diesel engine manufacturer Scania-Vabis, and became Saab-Scania AB. The merger meant that Saab no longer had to import the British Triumph Slant-4 engine, and could instead use the engine production facilities of Scania. In 1972 they started manufacturing the Saab B engine, and in 1977 Saab took advantage of Scania's experience with turbochargers and added one to the engine, thus creating one of the earliest turbocharged "family cars" with the Saab 99 Turbo, which has been listed by Popular Mechanics as the second best turbocharged car ever made.

Since 1998 the British aerospace company BAE Systems has been the largest shareholder in Saab following its acquisition of a 35% stake from Investor AB by its predecessor, British Aerospace. In January 2005 BAE reduced its shareholding to 20%. Investor AB also maintains a 20% share. Investor AB hold 38% of the voting rights and is, with the other Wallenberg institutions, the majority owner.In December 2005 Saab joined the Dassault nEUROn project as a major partner.

On January 1 2010 the company restructured from fifteen business units into five business areas; Aeronautics, Dynamics, Electronic Defence Systems, Security and Defence Solutions, and Support and Services. According to Saab the restructuring was undertaken to become more market and customer oriented.

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