Sweden acts to save Volvo and Saab
- Government's £2.3 billion rescue package
- Money in form of credit guarantees and loans
- Research and development funds will be topped up, too
- Saab rapped for eco claims
- Volvo tweaks XC90 range
- Saab launches special-edition 9-5
- Volvo XC60 prices revealed
- Volvo's new 4x4 takes on the tax man
- Our cars update: Volvo V70
- Volvo to launch green range
- Saab's vision of the future
- GM, Chrysler and Ford in turmoil
- Volvo S60: first look
- Chrysler, Ford and GM in trouble
- New Vauxhall Meriva and Saab 9-5 delayed
- GM sells Suzuki stake to raise £156m
- First image of Volvo S60 concept
- What the papers say: December 1
- Ford could sell off Volvo
- First drive: Volvo XC60
- What the papers say: December 5
- What the papers say: December 10
Volvo and Saab have secured a 28 billion kronor (about £2.3 billion) state bailout to help them cope with falling demand.
The struggling Swedish car makers had asked for aid because of the financial woes being experienced by their US owners. Volvo is owned by Ford and Saab by General Motors.
The plan consists of a maximum of 20 billion kronor in credit guarantees and up to five billion kronor in rescue loans.
The country's Government said it would also earmark three billion kronor in research and development funds for the car industry.
The Swedish Government had previously said it would wait on a US decision before announcing any measures of its own, however, the latest rejection of the US plan forced it to announce a domestic rescue package.
The Government reiterated it would not take over the struggling companies.
Used cars for sale
Reviews and News
Our reviews are based on hard data and thorough testing in the real world.
Up to the minute news from around the globe