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Saab was originally created as a division of the Swedish Aeroplane Company (Svensk Aeroplan Aktiebolag in Swedish). The company had been established in 1937 for the express purpose of building aircraft for the Swedish Air Force. With World War II nearing its end, the company began looking for new markets in which to expand. In 1944, Project 92 began, with the goal of creating the first Saab cars. Five years later, the Saab 92 began production. The design highlighted the company's roots in aviation. Notably, the cars drag coefficient of 0.30 was the lowest of any production car at the time. In 1955 the Saab 92 was reworked and became the 93. The engine was upgraded from two to three cylinders but unusually remained a two stroke. The car received a facelift, including the first Saab with the brand's trademark trapezoidal grille. A wagon variant, the Saab 95, was added in 1959 and would remain in production for the next twenty years. The decade also saw Saab's first foray into true performance cars with the Saab 94, the first of four Saab Sonetts. The need for a larger model saw the birth of the Saab 99 in 1967. The 99 was the final Saab designed by Sixten Sason, who had designed all their earlier models. Its design, a clean break from all earlier Saabs, would mark the brand's styling for the next twenty years. The Saab 99 was also important in that it marked Saab's first turbocharged model. In 1970, the 500,000th Saab was built. Six years later the 1,000,000th would follow. Saab signed an agreement with Fiat in 1978 to sell a rebadged Lancia Delta as the Saab 600 and jointly develop a new car platform. The agreement yielded the Alfa Romeo 164, Fiat Croma, Lancia Thema and Saab 9000, all riding atop the Type Four chassis. In 1987 the 2,000,000th Saab was manufactured. However, the company began to struggle and to cut costs, the Arlov plant was closed, but heavy financial losses continued. On 15 March 1990, General Motors bought 50% of Saab for US $600 million, with an option to acquire the remaining shares within a decade. Despite this, losses continued and the Malmo plant was closed in 1991. GM's involvement spurred the launch of the "new generation" Saab 900 in 1993. The new car used the same platform as the Opel Vectra and polarized Saab aficionados, but thanks to its sales, the company declared a profit in 1995 for the first time in seven years. In 2000, GM purchased the remaining shares of Saab, making the company a wholly-owned subsidiary. In March 2005, it was announced that GM would move the production of the next-generation Saab 9-5 from Trollhattan to the Opel plant in Russelsheim, Germany in 2009. The Trollhattan factory now produces European Cadillacs. The next-generation Saab 9-3 is scheduled to be produced at Trollhattan. Current models are the 9-3 and 9-5, both of which are manufactured in Trollhattan, Sweden and the Saab 9-7X SUV, manufactured in Moraine, Ohio. The Saab 9-2X, a rebadged Subaru Impreza that was manufactured in Japan, was discontinued after the 2006 model year. A new Saab crossover SUV, dubbed the 9-4X, will share a platform with the new Cadillac BRX and is expected to go on sale in 2010. It will be built in North America. In December 2008, General Motors Corporation announced that Saab is "under review", which may also include the possible sale of the Swedish carmaker. BMW, Renault and Tata Motors have been reported as potential buyers.
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