A story that's just come to my attention from the Swedish newspaper, Expressen, states that GM's new CEO, Fritz Henderson, is appearing reluctant to sell Saab, even preferring that they fail in their bankruptcy proceedings.
The reason?
Because the 2010 Saab 9-5 is apparently so good that Henderson wants to keep it!!
Martin B has sent through a translated summary of the original article:
------
According to Swedish newspaper Expressen, GM´s Hendersson prefers bankruptcy for Saab instead of selling Saab.
The new Saab 9-5 is too good. Therefore GM´s Fritz Hendersson hesitates to sell Saab.
- Fritz Henderson is very afraid to have the Saab as a competitor in the future," says a source within General Motors.
-Geely has put a lot of effort in buying Saab, but Fritz prefers a Saab in bankruptcy
The new Saab 9-5 superior
Internal GM tests shows that the new 9-5 wins over the praised Opel Insignia.
- Even the Germans regards the 9-5 to be cooler and better than the Insignia, states Expressen´s source.
The Insignia top model - the Insignia OPC - has just been introduced to the market, and the Saab equivalent will be the 9-5 Aero. These two cars were recently tested at GM test track in Dudenhofen, and the 9-5 was a clear winner, which, according to the source frightened the GM staff.
------
Damn right it should frighten the GM staff!!
See what you've been missing all these years?
What this is saying, in essence, is that the new Saab 9-5 is so good that Fritz Henderson wants to find a way to keep it in the stable. Selling to a competitor means that they lose it all together.
The article also seems to point to the possibility of pointing Saab towards Fiat, where at least GM can retain a stake in that new entity.
Personally, I think it's a little conspiritorial. I don't think GM are that worried about having the 9-5 in someone else's hands. At Saab's volumes, it would be the last thing worrying them.
But it is kinda nice to think of Saab leaving a worrying former parent behind.
------
There's also this in the sidebar:
This determines the future of Saab
GM bankruptcy
Much talk to General Motors out of business May 31. Then the Saab's reorganization is strong to support Saab further until a buyer places a bid for the American manager.
Fritz Henderson
Unless the General Motors remission of debts in the region of SEK 10 billion to Saab's new owners, there is no way anyone can afford to buy. Henderson can determine whether Saab will go bankrupt.
Fiat bid
There is a bid of Saab from Chinese Geely - but Henderson refuses to sell. Instead, Fiat's purchase of GM Europe to be a way for Saab to get away. But then expect severe cuts and the likely merger with another brand - such as Opel or Alfa Romeo.
--
Thanks Martin!

But we really don't know. Maybe, Henderson just tries to improve GM's position for the negotiations started.
Great car.
This isn't the first time it happend. Remember the first Saab 9-7x project based in the first Cadillac SRX, in its internal tests they saw it was far superior to the Cadillac, that decided to cancell the Saab project for fair to canibalize Cadillac sales.
regards
Maybe if Henderson had been CEO last year, he would not have decided to sell Saab so quickly and instead would have locked Lutz in a closet?....seller's remorse is positive for Saab.
Ironic that Saab built a car that is too good...
regards
Can GM refuse to sell Saab and force it into bankruptcy?
NEGATIVE ATTITUDES GET ZERO RETURN,
LIVE FREE!
I'd like for the 9-5 to come with an M5-killing variant, but the 2.8T at 330hp with it's competitive torque curve, etc should be able to give the A6 4.2, 550i GS460 and the M45 a real run for their money performance-wise, especially if it's as dynamically adept as that report leads us to believe.
I can't wait to see this car hit the reviews, let alone get to test-drive it myself.
I get the feeling that GM is thinking that if it can't have the new 9-5, then nobody should. After all the years of dirty tricks, do you seriously expect anything else? Anyway at the moment I'd think it would be the US government deciding GM policy, not Henderson. I think it's high time GM's reorganization commenced, then people like Henderson will have bigger worries than Saab.
The 9-5 will be demonstrably better in every way, and will cost less to build because of exchange rates and Trollhattan's higher efficiency.
Opel is stuck between a rock and a hard place. They will need to cut margins to compete with the 9-5, but they can't do that without risking the whole company.
Saab on the other hand can either choose to make a big margin on each 9-5 by pricing it a few thousand Euros higher than the equivalent Insigna, or they can end Opel's misery by going head-to-head. I'm guessing they will benefit more from keeping Opel alive, given that they share suppliers.
Killing Saab could cause political problems between USA and Sweden.
I dont buy this claim that 9-5 superiority was suprise to GM Europe. Already many years ago they made plans that 9-5 will have some more expensive parts, like suspension.
I also like to remark that after some Wikipedia research, I would now assume that in order to compete in the business class market -and in particular to convince the managers responsible for company car fleets- Saab must have a top range product with a high power output. 235 kW, as in the OPC, is not too much in this regard. The competition's more powerful offerings:
A6: 162, 213, 257, 320, 426 kW
5er: 225- 373 kW
E class: 200, 215, 285, 386 kW
Jag XF: 175, 219, 283, 306, 375 kW
Much more problematic is the situation with Diesel engines, which are an absolute must in Europe. There is a gap in GM's offerings, as there is presently no powerful Diesel available (A6: up to 176 kW, E: 170, 5er: 210; XF: 202 kW).
Besides, a good 9-5 will be the last of Henderson's worries when GM itself is on the verge of reorganization.
That SAAB is ligtyears ahead of them in all
Aspects and they starting to kick themself..
in the butt.
Thinking ; what a hell we are doing.
Well GM you had 20 years for that.
Now please let yours child go in the peace
because maybe one day you may need that
Child to help you.
Chris
+1
+1
Diesels do worry me, as SAAB will have no answer to the germans when it comes to more powerful diesels.
They need a 530d/3.0 TDI competitor, as I fear a lot of buyers might be tempted by more cylinders and power in this class.
The Saab 9-3 Sportsedan shared 40 per cent of the components with the Opel Vectra, and had 60 per cent unique components and solutions developed by Saab. GM wasn't very happy about this. Since the development of the 9-3, GM has moved much of the engineering to Germany, so how can the new 9-5 be 90 per cent developed in Sweden? I want to have that number confirmed from a Saab-source before I believe it.
Why are GM worried about the 9-5 competing with the Insig?
They're selling Opel, too - so it's not their problem!
Anyway - isn't the 9-5 WAAAAY above the Insig in market segment? Surely the 9-3 is more the Insig competitor?
Now that Insigs are starting to become a fairly common sight here in the UK, I can only say that it really wouldn't be hard to be "cooler" - it's a godawful lardy, blobby, unbalanced, visual mess.
GM will be in bankruptcy very soon. Saab would likely be sold at that time as a "non core asset" for it doesn't fit, and the SWE government wouldn't lend money to a soon to be bankrupt entity.
While fun to discuss, this is a non issue.
Who did the development on the Bosch supplied (I presume) direct injection systems we will hopefully see in the Ecotec II engines? And even if the development was done by Bosch, was it done exclusively for Saab. Or at the same time for Opel and any other company within GM?
The direct injection will be a basically off-the-shelf Bosch system, with just the mounting hardware and mapping specific for the fitment. That's the easy bit...
The Insigna is the only Opel model that's doing well. As a matter of fact, it is outselling the 3 series, Passat, C Class and A4 in Europe right now, and Opel is thinking of adding a third shift to meet demand.
The Insignia will be a much tougher sell once the 9-5 comes along, and that will make Opel a much tougher sell.
Lutz was talking the future cars up last year. Also I spoke to a Russelheim based long-time SAAB staffer last year who promised that SAAB would outpower and out-tech equivalent Insignias.
That doesn't discount just how much of a surprise the outcome might have been for GM/Opel. The chassis tuners are SAAB guys. I wonder if the 9-4X is going to kick the butt of the SRX, that is more significant!
Sorry for the rant, but this burns me up. This guy is so unbelievable. What a jerk. I'm convinced the "Like Minds" analogy applied here. Wagoner, (Nutz, I mean) Lutz and Henderson were all under one roof,........sobering picture.
I suspect, most Saab clients wouldn't buy an Insignia and most Opel clients wouldn't think of buying a Saab even if it's better. In many cases buying cars depends on the brand's philosophy and concerning philosophy Saab is a class of its own.
The only markets in which the 9-5 could steal "important" numbers from the Insignia are IMHO GB and Sweden.
Of course will SAAB use some of the shelf parts from German suppliers, and Italian Diesel engines. But the character of the car(mainly the last resort of the OEM's) has been given to the 9-5 by swedes, as turbin also says.
I know that Eps II SWB has been developed in Germany, but the extension to the LWB version of the SAAB, I don't know, but at least not in germany.
Suspension, Seats, interior...
The sooner GM goes into chapter 11 and they get their restructuring sorted the better !
That will give the US Government appointed administrators the choice to sell what bands and to who !
And with a bit of luck take the decision making away from the incompetents in GM management that created this mess !!!!!!
Saab will sell the 9-5 in parts of the world GM´s american premium/luxury brands do not sell. And in the US Saab can´t touch either Buick or Caddy in sales.
Buick is going well in China and it would be realy strange if Saab were to outdo Buick there.
Saab will go head to head with Audi/BMW/Lexus/Infinity/Accura and Caddy.. But the numbers lost to Saabs advantage is so small it will not affect the competitors budget. Saab will get black nubers in their books and the competitors will get a nescessary wakeup call.
It´s a win-win situation for everybody in the premium segment.
And one can´t cry for Opels sake when it comes to margins.. This might be what the doctor ordered for them.. Get more effective! Study Saab, do what Saab do and get your head out of the clouds.
this is at least the base of the V6 Diesel VMM was developing for GM. So it would fit.
Strange is, The GM version had 250 bhp, and now they only talk about 220 bhp.
I've never understood why on hell GM dropped this engine, they need it and have no alternative.
Ther is an article on automotorsport.se
http://www.automotorsport.se/news/18042/%C3%A5rets-bil-i-europa--%C3%A4r-det-nya-saab-9-5/
about this. They also refeer to the Article in Expressen, and to my point of view, they do summarize it quite well. Henderson is worried about this car going to a wrong competitor like Geely.
Think about Geely selling this 9-5 in China, It would be goodby to Buick in China.
I think GM needs and wants to sell SAAB to somebody that can't "missuse" GM-technolgy against GM.
183 kW = 250 hp
220 kW = 300 hp
I for one would love a 9-5 aero with 220 kW (= 300hp) Diesel V6
Though there seems to be some rumours that Holden will use that very same engine to launch the Commodore in the continental Europe. That would be a great combo for an affordable price!
The only problems is, that according to wikipedia, GM holds the design rights for that engine.
sorry, I have my problems with the kW.
But the text on the VM-M site reads as follows.
But then when listing the technical data it reads like this
Sorry, my mistake.