December 16, 1949
Swedish carmaker debuts
A Swedish company by the name of Svenska Aeroplan Aktiebolaget produced its first motorcar. In 1965, the concern changed its name to Saab Aktiebolag, and a few years later simply to Saab. The first Saab automobiles were engineered with the precision of fighter planes–the company’s other main product. Today Saab is known for producing safe, reliable, high-performing vehicles. In 1990, General Motors bought Saab’s car operations, excluding its bus, truck, and military jet businesses. Ten years later, GM acquired the rest of Saab’s automotive operations.