October 21, 2003

New Saab 9-2X to debut at Los Angeles auto show in December

Detroit, Michigan – The Saab 9-2X – a new, all-wheel-drive, four-door hatchback
based on the Subaru Impreza – will be unveiled at a special event in Los Angeles in
mid-December in conjunction with the Los Angeles Auto Show.

Positioned below the 9-3 in size and price, the 9-2X is the first production Saab to
have all-wheel drive in addition to turbo performance and hatchback practicality.
Two versions will be available, both with hatchback body styles and all-wheel-drive
as standard. The entry level Saab 9-2X Linear will be powered by a
naturally-aspirated 2.5-litre 4-cylinder engine and the high-performance Aero model
will feature a 227 horsepower 2.0-litre turbocharged 4-cylinder engine.

Leveraging the global resources of the GM Group, Saab Automobile AB is collaborating
with Fuji Heavy Industries to create the Saab 9-2X model in cooperation with Subaru,
Fuji’s automotive division.

The Saab 9-2X is scheduled to go on sale early next summer in the USA and Canada,
with other markets still under consideration. It is the latest step in the most
aggressive new product and concept development program in Saab’s history. Within the
last two years Saab has launched the all-new Saab 9-3 Sport Sedan and 9-3
Convertible models, as well as three concept cars: the ‘four-dimensional’ 9-X, the
9-3X ‘Cross-over’ Coupe and the 9-3 Sport-Hatch Concept, for which a production
version is scheduled.

General Motors owns Saab Automobile AB and holds a 20 percent stake in Fuji Heavy
Industries and the Saab 9-2X program allows both companies to reach their goals by
jointly leveraging the global resources of the GM Group.

Bob Lutz, GM’s Vice Chairman for Product Development said: “The Saab and Subaru
brands have a special flair. It is a natural fit for them to combine their talents
and expertise in bringing the first all-wheel-drive performance car into the Saab
family – a car with great dynamic qualities and exhilarating performance.”

The new Saab 9-2X will be produced in Fuji Heavy Industries’ facilities in Japan,
beginning in the spring of 2004.

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