The General Motor Corp the parent company of Saab Automobiles is developing a new hybrid vehicle based on technology. By sharing more parts with other GM vehicles Saab will also cut development costs. On the sidelines of the Geneva Auto Show, Saab Managing Director Jan Ake Jonsson said:
"Saab is a key part of GM's portfolio. We're their European premium brand in a segment that is growing,"
Jonsson also said: The GM hybrid technology is only one of the environmentally friendly alternatives Saab is pursuing to the standard combustion engine drivetrain.
5% percent global sales growth in 2006 was posted by Saab, but this year it expects to make roughly 133,000 vehicles.