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The company, with registered head office located in Trollhattan, Sweden, develops, manufactures, and sells trucks and buses for heavy transport applications. It offers trucks for long-distance, construction, and distribution haulage, as well as for public services. The company provides buses and coaches with high passenger capacity for use as tourist coaches, and in intercity and urban traffic. It also offers industrial and marine engines that are used in electric generator sets, construction, and agricultural machinery, as well as in ships and pleasure boats. In addition, the company provides a range of services, including repairs and maintenance, assistance in case of breakdowns, tire service, fleet management, and driver training, as well as repair, maintenance, and parts for trailers and bodywork.
Description and history
The company manufactures high technology products as trucks, buses, passenger cars, military and commercial airplanes, satellites, missiles, industrial automation, flow control and heating.
On January 1, 1990, as part of the agreement between Saab-Scania and General Motors, a new company, Saab Automobile AB, was formed for the Saab car operation with a stockholders’ risk-bearing equity of SEK 5,700m.
On March 15,1991, General Motors acquired 50% of the shares in the company for US$600m. The partners have later each provided additional capital of US$ 100m, after which the company’s total risk-bearing equity amounted to SEK 6,900m. During the year Saab-Scania and General Motors formed a new company in automotive electronics, Mecel AB. Saab-Scania Combitech holds 60% of the shares in this company and GM’s wholly-owned subsidiary Delco Electronics 40%.
At a meeting of the Saab-Scania Board on February 22,1995, a decision was made to divide the group into two companies : Saab AB and Scania AB, which are proposed to be wholly owned subsidiaries of Investor. Saab-Scania’s 50% interest in Saab Automobile AB is intended to be transferred to investors.
Develops, manufactures, and sells trucks and buses for heavy transport applications
US SIC Code
City province or state postal code
461 80, TROLLHATTAN
Phone: +46 85285000
Fax: +46 52035016
Country address: SWEDEN
Website url: www.scania.se