Saab and FHI Continue Partnership With New Cross-Over Vehicle Alliance

NORCROSS, Ga., July 8 -- Saab Automobile AB and Fuji Heavy Industries Ltd. (FHI), the Japanese auto manufacturer of Subaru vehicles, have agreed on collaboration for a new cross-over vehicle.

The project represents an expansion of the cooperation between Saab and FHI that was initiated this year with the introduction of the Saab 9-2X premium sports compact in the U.S. and Canadian markets.

"We continue to see a working relationship between FHI and Saab as a very natural fit," says Bob Lutz, GM's vice chairman for product development. "It makes sense for FHI and Saab to work together early in the development process to deliver their own distinct interpretations of a sporty and versatile 'cross-over' product."

The new collaboration between Saab and FHI will integrate the development of a new Saab cross-over vehicle to be produced at FHI's U.S. manufacturing facility.

"We are pleased that our alliance with GM enables us to continue to work together with Saab," said Kyoji Takenaka, president and CEO of FHI. "This collaboration provides many benefits such as economies of scale, higher joint volume for FHI's U.S. manufacturing facility, etc. and most importantly, creates a win-win situation for both FHI and Saab."