---

Saab Announces Executive Management Changes

21 July 1999

Saab Announces Executive Management Changes; Joel Manby and Daniel Chasins Accept Additional Responsibilities

    NORCROSS, Ga., July 21 -- Joel K. Manby has been named vice
president, sales, marketing and retail network development at Saab Automobile
AB, Trollhattan, Sweden.  In addition to directing global wholesale and retail
initiatives, and market area Americas activities, Manby also adds market area
Asia/Pacific to his responsibilities.  Manby continues in his role of chief
executive officer, Saab Cars USA, Inc.  At the same time, Daniel B. Chasins
has been named president of Saab Cars USA, Inc., an addition to his current
role of chief operating officer, Saab Cars USA, Inc.  Both Manby and Chasins
will continue to be based at Saab's U.S. headquarters in Norcross, Georgia.

    Manby to Focus on Global Retail and Network Development
    Joel Manby's new responsibilities will include applying his experience
with U.S. retail network development to Saab's global markets.  During his
tenure at Saab, annual sales per U.S. dealership have increased from 67 units
in 1996 to 140 in 1998.  Dealer profitability has increased dramatically,
while the retail network has been streamlined from 320 dealers to
225 nationwide.  Additionally, U.S. sales of Saabs are on track for another
significant sales increase -- for the fifth consecutive year.
    Manby will also expand his focus from U.S., Canadian and South American
operations to Saab's position in Asia/Pacific markets.  While economic issues
have impacted most luxury automakers' performance in markets like Japan and
Thailand, the Saab brand has continued to show strong growth potential in
these sectors.  Manby will continue to serve as chief executive officer,
Saab Cars USA, Inc.  He continues to report to Robert H. Hendry, president and
chief executive officer, Saab Automobile AB.
    Manby joined Saab Cars USA as president and chief executive officer in
1996.  Prior to that he had been central region manager of Saturn Corporation,
where he was responsible for sales, service, customer satisfaction and retail
development.  Manby has also served as General Director, Marketing and Product
Planning for the North American Export Sales division of General Motors
Corporation, and prior to that had extensive experience in dealership retail
operations.
    He is a graduate of the Harvard Business School, and resides in
Alpharetta, Georgia with his family.

    Chasins to head Saab Cars USA as president and chief operating officer
    Effective immediately, Dan Chasins has been promoted to president and
chief operating officer of Saab Automobile AB's largest subsidiary,
Saab Cars USA.  With this added responsibility, Chasins will lead all of
Saab's U.S. external and internal operations.  He continues to report to
Joel Manby, chief executive officer.
    Chasins was named executive vice president and chief operating officer in
February, 1999, shortly after he rejoined Saab Cars USA following a four year
international assignment at Saab Automobile AB, Trollhattan, Sweden.
    While at Saab's global headquarters, Chasins was Vehicle Line Executive
for the Saab 9-5 sedan and 9-5 Wagon model line, as well as the previous 9000
model line.  He began his career at Saab in 1992, when he joined Saab Cars USA
as director, marketing.
    Chasins has also held corporate planning, marketing and management
positions for several global companies, including Alcatel NV, a European
telecommunications firm.  In addition, he has worked for the Loctite
Corporation and Echlin Manufacturing, both automotive industry suppliers.
    Chasins is a graduate of the Harvard Business School.  He and his family
reside in Norcross, Georgia.