Saab

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SAAB is an aircraft and automobile concern based in Sweden, founded 1937 in Link?ping. Its name is an acronym for "Svenska Aeroplan AB," where "AB" stands for "aktiebolag" ("limited company").

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Originally manufacturing airplanes, the company sought ways in which to diversify its business and in the late 1940s started to manufacture Saab Automobile, based in the city Trollh?ttan. The first car was the Saab 92001 on June 10, 1947. In the late 1950s SAAB then ventured into the computer market with Datasaab.

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In 1969 Saab merged with the truck maker Scania-Vabis, and between 1969 and 1995 the company was called Saab-Scania AB. General Motors bought 51 percent of the automobile division Saab Automobile in 1990, and acquired the rest a decade later. Saab Automobile has not generated a profit since the complete GM takeover.

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Aircraft: An aircraft is any machine capable of atmospheric flight....

Automobile: An automobile is a wheeled vehicle that carries its own motor. Different types of automobiles include cars, buses, trucks, and vans, with cars being the most popular by far. Earlier terms for automobile include "horseless carriage" and "motor car." An automobile has seats for the driver and, almos...

Sweden: The Kingdom of Sweden (Swedish: ') is a Nordic country in Scandinavia, in Northern Europe. It is bordered by Norway on the west, Finland on the northeast, the Skagerrak Strait and the Kattegat Strait on the southwest, and the Baltic Sea and the Gulf of Bothnia on the east. Sweden has a low populatio...