Saab Automobile AB is a Swedish premium car manufacturer. It was formed in 1945 when Saab AB began a project to design a small automobile. The first production model, the Saab 92, was launched in 1949. In 1968 the parent company merged with Scania-Vabis, and ten years later the Saab 900 was launched, in time becoming Saab's best-selling model. In the mid-1980s the new Saab 9000 model also appeared. The company was restructured into an independent company, Saab Automobile AB in 1989. General Motors took 50% ownership with an investment of US$600 million, and then in 2000 exercised its option to acquire the remaining 50% for a further US$125 million; so turning Saab Automobile into a wholly owned GM subsidiary. In 2010 GM sold Saab Automobile AB to the Dutch automobile manufacturer Spyker Cars N.V.

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