December 19th – What a horrible day…

December 20, 2011 in News

December 19th…

01:11 in the night. People were worried about what was going on surrounding Saab, I was monitoring the situation in the media and having some direct contact with Victor Muller via text messaging. The deal which were supposed to save Saab had ran straight into a truck… a big GM truck…

01:22 I receive an SMS from Victor Muller where he states exactly what I described the following: Basically GM said no to any chinese involvement in Saab in any way, be it a loan, investment or anything else did not matter. The answer was NO. And GM were, “in not so many words”, saying that they were going to exercise their rights, which meant that they would stop all licenses Saab had for building the current model of the 9-3, 9-5 and the 9-4x. This effectively meant that any money invested by Youngman into Saab would be invested into a car factory without any cars to build… which to anyone makes no sense at all.

Youngman were still convinced that the deal was a good one, but they were scared to lose such a huge amount of money. They had already invested about 50 million euro over 6-7 months into the Saab venture.

This is when I understood that Saab will not survive another day…

01:33 I asked Victor if they were still working on trying to find a solution with GM but they had decided to turn in for the night. Victor was actually just about to go to bed at this time to get about 4 hours of sleep.

05:00 or somewhere around then Victor Muller received a final answer from GM and by then he realized, the race is lost. There is no point in trying to argue a continuation of the reconstruction in court which was scheduled at 13:00 later that day. To ensure that all the employees get paid before christmas and to provide support to the many that had waited so long, Victor made the final decision that Saab needs to enter voluntary bankruptcy.

07:30 I wake up and start to get ready for the day. I had arranged with RikardH and Rune that we would cover the proceedings at the district court for the attempt to extend the reconstruction.

08:30 I headed out towards SAAB, for some reason I had to just visit the factory. While there I noticed that almost all the parking lots were full of cars, lots of employees reported in for work today. It was a very nice sight and it brought back memories from the days when I used to work at Saab. When I arrived at the main gate I noticed that Gunnar Brunius was there to return some keys, he had left the company a few weeks earlier. A TT reporter was there as well and I got a very strange feeling, if she is here, then there is no point in going to the district court because there weren’t going to be any proceedings. The thoughts I had earlier that night were probably true.

09:15 Victor Muller personally arrives at the district court in Vänersborg to hand in the bankruptcy declaration together with Kristina Geers. Photo by Kent Eng (TTELA)

Read Saab’s bankruptcy application here (in swedish)

09:30 While driving over the Stallbacka bridge on my way to Vänersborg to pick up our great photographer RikardH the news broke, SAAB Declares bankruptcy… My first thought was “SHIT”, my second thought was how do I get this out on SU. I grabbed my iPhone, while driving, not too smart… and posted an article on SU via the wordpress App, I didn’t have time to think much about what to write and any fancy words would not really matter anyway. I entered the title “Bankruptcy” and wrote the words “Saab has just filed for bankruptcy…” which was more than enough.

The message of a new article with the title was sent out on Facebook and Twitter right away and it didn’t take too long before SU’s new fancy server was flooded by visitors which proved way too much for it to handle. The server crashed…

I called RikardH and told him what had just happened and we decided that I would pick him up and we would go to the Saab main gate and await Rune’s arrival.

09:55 We arrive at Saab’s main gate. Some reporters from TTELA (the local newspaper) and Swedish Television had already arrived. I parked my car just outside the main door, it was sort of a protest towards the volvo’s and toyotas that the reporters were driving. What made me smile a bit was that the Dagens Industri reporters, who had basically been the most anti-saab of all reporters, arrived in an almost brand new 9-3 SportsCombi =)

10:30 Rune arrives and we decide upon how we are going to work. I will try to cover the video and posts on the site, RikardH will cover Facebook and take low-resolution web photos that he would upload to a specially created media page that we placed on the website. Rune would take the high resolution raw photos that we were going to preserve for historical reasons.

11:15 We find out that there will be a market call from Victor Muller at 13:30 and we are given the access code to that call.

11:30 We decide to get some lunch, most reporters were looking very hungry and didn’t really know what to do. McDonalds Chicken Bacon deluxe worked well for us.

11:50 We are informed that Saab that a press conference will be held by Victor Muller at 14:45. We did know that all the employees were to be informed at 14:00 and all production manager and staff managers were instructed to call all of the employees and inform them of the information meeting. Prior to this everyone were awaiting a decision by the court but Saab decided that they could no longer wait for the court to make up its mind whether to approve the bankruptcy application or not.

13:25 We get into my car which is parked outside the main gate, we call the number and enter the access code to the call, it works well.

13:32 The market call is initiated by Knut Simonsson and Matthias Siedl together with Victor Muller. They explain what has happened and also brief dealers about warranty issues as well as parts warranty. At the end however Victor does explain that there were parties who have contacted Saab during the day showing interest in actually buying Saab Automobile. According to Swedish Law a company which has entered bankruptcy can be sold of as a whole and restarted.

13:50 We receive a recording of the conference call in two pieces which we decide to publish without delay. SU’s server is now working poorly due to the extreme number of visitors but it is working. Here you can listen to:

14:00 Victor Muller walks up on the stage inside the factory and he is met by applause from the employees. They have such a huge amount of respect for this man, it is unheard of anywhere and anytime in history.

14:30 A lot of reporters start to arrive and some of them are pushy and loud as always. Some photographers are almost out right rude when they were trying to get the best position. For us that was not a problem, we had been keeping our position there for a long time and in such having ensured the best spot possible for what we wanted to do.

14:45 Victor Muller enters the press-conference room at the main gate together with Eric Geers.

15:30 I was interviewed Live by Swedish Radio and I tried to give a sound but positive impression. That Saab lovers would continue to drive their cars, that I would certainly do that as well. That I hoped for a new owner who would want to build cars with the same values and morals as Saab had done for so many years.

15:50 Victor Muller is about done with his personal interviews, we didn’t want to trouble him too much but we still wanted to talk to him regardless of his busy schedule. We had opened up a new e-mail account where our readers could e-mail their questions to him. Most questions were answered by either the market call or the press conference. But one were not and that one was regarding to the fans and dealers possibility to gather money and purchase a significant part of a possible future company.

I aslo had one VERY important mission, and that was to shake Victor Mullers hand and on behalf of every fan visiting SaabsUnited, thank him for the amazing work he had done. I did just that!

17:10 After having driven RikardH back home, he did have to go to work a few hours later, we proceeded to ANA, the biggest dealership in Trollhättan. I wanted to talk to my friends there, especially Joachim Lind who had done so much for Saab over the years. I also needed to pick up 8 liters of oil to do some servicing on my cars.

The sales-people there were of course very sad, they had not seen the interview so I filled out some blanks they had in their grasp of the information given to us.

19:12 Saabs bankruptcy was approved by the district court of Vänersborg and the administrators Hans Bergqvist and Anne-Marie Pouteaux take over the management of Saab. Their first priority, to get the wages paid to the employees.

20:33 I started my 260 km drive back home, since I’m working christmas eve the point of going up to Trollhättan was to spend some time with my family and exchange gifts. Driving home I had the most strange feelings I have probably ever had in my entire life. The day felt strange, I had spent time with my friends, we had been working very hard, getting lots of inside facts before anyone else, it was almost fun… Having met Victor and gotten a form of closure of a drama that had lasted a very long time was a sort of relief. I think the best description I heard was that it had been like having a very sick relative laying in the hospital for a very long time. Not knowing if she would survive or not is painful enough, then to finally get the news a bit suddenly that she had died is sort of a relief whoever horrible the news might be.

But I don’t think he worst has passed. The worst is yet to come! If Saab is not sold and restarted the city of Trollhättan will in a few months time face the reality of poverty. People will not spend money on anything, christmas shopping is next to nonexistent and the big holiday sales will probably not raise the money the stores are so badly in need of. Subscriptions to newspapers, gym-cards etc will be canceled because people know that there are no new jobs waiting for them, despite how much the government tries to state this, the grim reality is that thousands and thousands of people will be and will continue to become un-employed because of this, house prices will fall, people will stop buying new cars, more people will become un-employed and at worst it could take 20-30 years for a city like Trollhättan to rise back again…

BUT, I’m still optimistic about the future, I have heard things, and learned of things today that makes me smile! I will go to sleep knowing that there are people out there, who are willing to do so much more than anyone can ever imagine! =)

44 responses to December 19th – What a horrible day…

  1. You were in the middle of an historical moment, and we were all listening…
    Your last sentence pleases me, being optimistic in this situation really does demand kind of a miracle..

  2. Again,
    F— GM. Don’t buy one!!!

  3. Thanks Tim and everyone for all your hard work these past months. I have a feeling that a new fight is just beginning.

    Saab Up!
    Cowboy Up!

  4. While this can be November 2009 all over again, we can’t let it. If Saab has investors interested in it, then good! GM set Saab into liquidation back then, and in the middle of it all, Spyker came in and saved Saab. It’s been a bit less than 2 years since Spyker came into the picture, and what great things have been accomplished since then! The company’s value has definitely increased, due to the newfound independence and great products “in the wings.” Are these dire situations? I think so. Does Victor Muller deserve all of the crap he’s gotten lately? No. Not a chance. Can Saab make it? I’m more than 75% sure they can.

    The situation was much more tense back in November two years ago, and Saab survived that storm. Saab Automobile AB isn’t dead yet, and won’t be for quite a while.

  5. I as well am here for Saab and believe in it. It’s such a difficult time, especially when seeing some of their commercials. They are truly the only car company that makes such serious and thoughtful commercials that resonate with their products and values. They are truly unique.

    Thank you all for your hard work. Know that some, such as I, are mainly readers and not so much posters but I appreciate and am thankful for all that you do.

    I’d also like to believe that Saab is here to stay, and I truly that that’s the case. I’ll be driving my Saab for years to come. Mark my words on stone.

    “For the tenacious, no road is impassable.”

  6. To all the Saab employees, thank you, bless you and do your best for the holiday season. Its not about spare parts for me, it’s about family and you guys/ gals are a part of my extended family. Im sorry for the pain you must endure…

  7. GM makes it simple. Keep Saab in Europe where it belongs. I am sure they didn’t sell to Spyker just so it could go to China two years later. GM apparently knew about Antinov. Maybe they know something about the Chinese as well.

  8. Not the Christmas present I was hoping to read on Saab United.

  9. Somewhere in this whirlwind of blame, anger, sadness and fear…where was the Swedish government?

    Two years ago, GM sat exactly where Saab is today, on the brink of disaster and starting to fall, when the US government bailouts provided infusions of cash, low-interest loans and other credit. The deal went through with huge amounts of internal criticism from conservatives who whined about the taxpayers propping up a private company. Smart people understood that the alternative would have been 800,000 people out of work, and their unemployment benefits, food stamps, mortgage defaults, Medicaid, and other social safety welfare eventually would have amounted to many times the amount of the bailout.

    The program pulled the US auto industry out of the fire and back on its feet, despite the whining, despite the foaming at the mouth by short-sighted fiscal conservatives.

    Why didn’t the Swedish government intervene in the same way? Why didn’t the people of Trollhattan lobby harder for government help?

    Instead of blaming GM for a purely rational and unemotional business decision, instead of wondering what Saab would have done if Company X had bought it in 1990 when it was struggling, instead of organizing rallies and letter writing and other meaningless feel-good actions, why not ask the Swedish politicians why they coldly let Saab die when the blueprint for survival was right in front of them

    • Gee Mike when I bought my Saab it was a GM car OWNED by a US company, The Swedish government had nothing to do with it. Since then I’ve had nothing but mistreatment from the hands of this deadbeat company, still in arrears to ther US Government to the tune of 25 Billion dollars, not counting the tax breaks they got from their unconventional bankruptcy, and the cheating of GM bondholders and liability plaintiffs.

      All these people-the taxpayers, bondholders, victims of shoddy GM design/workmanship, and now Saab owners are all supposed to take a hit so an overpaid UAW workforce can continue to prosper.


      At the time, I stuck up for the GM bailout. I see now how wrong I was, and how those “fiscal conservatives” you denigrate were right.

      • Interesting comments but you duck the issue, almost comically. What would the tax toll have been if 800,000 people directly dependent on GM via parts suppliers, finance companies, vendors, etc — only a fraction of them UAW, and even fewer unionized at all — had been put out of work? What would have happened if the US had let the entire sector die, putting about 3 million people out of work?

        The Swedish government had multiple opportunities to intervene, but aside from a too-little, too-late extension of low-cost loans, it sat on its hands and watched the vultures circle. Your line about overpaid UAW workers is laughable when you consider that the UAW agreed to wage cuts and make up a minority of the people affected by the bailouts.

        And unfortunately, you’re broadcasting your ignorance of the auto industry with the throw away line about “victims of shoddy GM design/workmanship.” Unless you’re Rip Van Winkle, you would see that Buick has retained quality levels than rival Lexus…which is one of the main reasons the last good Saab, the NG 9-5, rides on an Opel/Buick chassis.

        • I don’t know if you had insight on the development of the Eps II platform, but from first hand I know that even the American changes for the Buick/Chevy were done in good old Europe.
          The NG 9-5 is more Saab than the LaCrosse is a Buick, and the same is valid for the XTS.

          • Most of the platform changes were done at GM-Europe, sure….but in Russelsheim, not THN.

            Being closer to Germany doesn’t grant a Swedish factory some extra measure of authenticity and magically make the 9-5 more Saab than the LaCrosse is a Buick. That doesn’t really make much sense. The 9-5 is just one of many variants of a great flexible platform, much in the way of WAG did with the versatile B6

            • It is VAG. And do you mean the Passat B6 or the Audi A4 B6? Sorry but I don’t know what is the versatile part of those cars, sorry.

              THN worked intensively in Eps II.
              Which means that the 9-5 is just a variant, as the LaCrosse, the XTS, the Insignia, the Regal and the Malibu, with the difference that the engineers in Rüsselsheim and in Trollhättan worked on the platform, and the ones in the US not that much.

  10. Well, I don’t know how to say this –
    I had been following the news just like everyone, and today was not unexpected, but no less tragic. I would like to be optimistic but I really do believe this is the end. I thought about it a lot, but just writing it reminds me, in some twisted way, it’s not as bad as it seems. I’m as big a fan as any, but I assumed, just like everything else unique and independent, SAAB would either disappear or be swallowed up by some corporation and changed into a generic brand. I always thought that would happen one day, and today’s not the worst day for it to happen. For the last 10 years, SAAB was swallowed up by a big corporation, and many cars were just not SAABs. But, for just this last year, SAAB proved themselves. It’s alright. I can’t imagine a SAAB in a world 50 years from now. Frankly, SAAB has become misled from their original, modest intentions. I look back at the truly glorious SAABs and smile. As great as SAABs may be, which is phenomenally great, we know nothing could capture the spirit of those 93s and 96s today. The world is just too complicated. So, the inevitable has happened, but SAAB is not dead. We may never see the next 9-3 or Sonnett. But that spirit that only a classic SAAB has is still here, is massive numbers of still-running, reliable 900s, 99s, 96s, 93s, etc. (too many to mention!) So, to quote Swade, times are a-changing. It’s clear that the world has decided there is no place for SAAB. I hate to give up, but just the idea that one day I may be able to drive a real classic keeps me going. For me at least, it’s okay.

    THANK YOU SAAB workers, SU, and particularly Victor – despite how things turned out, I wouldn’t have wanted anyone else to run SAAB


  11. It would have been far better if the US taxpayers had not rescued GM. Then, I am convinced Saab would be alive and producing cars as we speak. The idea of my tax dollars empowering the people at GM, giving them this false sense of professionalism and industry, is most regrettable. GM is and was a government vanity project. It was very illegal how during GM’s own reorganization, certain political players were paid off while others got stiffed, in a manner contrary to law. Is this the basis on which GM leadership derives their legitimacy?… if so, it’s a sordid and weak one. Saab engineers and workers toiled for, it turned out, a bunch of American tricksters and thieves.

    • Multiple things wrong with your post; in the interest of time, I’ll just pick the most glaring.

      Saab would not have been alive without a GM to supply it with engines and drivetrains, so GM going under in 2009 just would have expedited today’s misery. Your tax dollars — and mine — were used to offer financial lifelines to three companies that together employ nearly 2 million people. Without the bailouts, it’s likely that this Great Recession would have become a Great Depression II.

      • Really? I am not so sure. Which parts does GM factually deliver to Saab? I mean, not suppliers manufacturing parts for GM, which they would have continue to produce if GM failed, only for Saab, but real hardware manufactured at a GM owned plant? Please allow to exclude Opel engines/parts, since Opel might have survived a GM breakdown as well.

        • What parts does GM factually deliver to Saab? You mean besides the engines, transmissions and major components like brakes, suspension parts, wiper motors, wheel bearings, etc?

          Oh, not much.

  12. I think this sums it up:

    Teary eyed right now.

    Still a big thanks for VM, what a fighter.

  13. I think Tim makes a good point here. The real tragedy isn’t for us, the fans of the brand. It’s for the people of Trollhättan. It’s their lives that will be directly impacted by this. We’re just collateral damage.

    Likewise, I think it’s unfair to blame “new GM” too much here. Yes, they were the final obstacle to a deal, but their actions are the rational actions of a for profit business. They felt a Saab/Youngman play was just too hazardous to their ongoing success in China. Enough said and not at all unpredictable.

    I think there’s plenty of blame to go around, but I’m going to lay the lion’s share of the blame at the feet of Alliansen and their inaction. Whereas the notoriously anti-state involvement US propped up GM, counter to their nation’s history, Sweden’s ruling coalition made a point of letting Saab stumble, fall and, ultimately, die. I’m tempted to even suggest they “pushed” the victim down the stairs. Of course, Maud Olofsson belongs front and center on the “wanted” poster for her utter failure.


    • Bingo. You hit the nail right on the head.

      Alliansen should have realized that it was a huge step for the US to intervene and buy shares in a massive public corporation. It should have been a wake-up call that the US auto bailout was initiated and supported by a conservative president who had been a fierce free market advocate.

      GM is definitely guilty of letting Saab wither and die of benign neglect, like a houseplant left in an unused room. But the Swedish ruling coalition and finance ministers had the opportunity to save it…and didn’t.

      • One big difference was then when GM was in trouble, it still had huge cars sales. Through the bankruptcy, by reducing debt & costs, GM had a relatively clear path forward. GM didn’t have to massively increase car sales to survive. It appears to have worked.

        Saab’s challenge is much murkier. The debt has all been incurred in a brief period of time – since Spyker. But If you reduce or even eliminate debt, then reduce costs say at a similar % level that GM did, and then double sales – you’re still in trouble. Saab has extraordinary product passion, that somehow hasn’t translated to product sales.

        Saab fans are sometimes criticized for not actually buying new Saabs. I’m 1999 SE driving proof. Swade drives the same year and model (I think his is faster though, and mine is thankfully not yellow). A article yesterday quoted Kerr of Koenigsegg on this:

        It’s a pity that no more buying the new car. And that’s the only thing that can save Saab – that customers actually buy cars from Saab, said Bard Eker.

        The article:

  14. Tim, a big congratulations to you and the crew for their dedication and hard work in covering this fascinating story. You did it better than many journalists did.

    While I have never owned a Saab, I too spent the day like my favorite dog just got put to sleep: an empty feeling, but you know it was inevitable,and needed closure, therefore had to be done.

    I dont think trollhattan is destined for the scrap heap. There are too many talented people there, and many new businesses will now arise from the remnants.

    As someone from Saab said today; when a door closes, a window somewhere opens.

    Just make sure the Saab museum stays intact.

  15. I love you SAAB. Even though I bought a 2011 Audi A4 quattro because I was uncertain about your future. However, there seems to be some glimmer of tremendous hope, without Chinese involvement. It’s seems quite possible for SAAB to be risen from ashes. With that the case….I may more than likely look to invest in a 2012/2013 SAAB. I kinda miss my SAAB…..even though the Audi is quite a nice car….I still like the way the SAAB drove or handled on the road. It’s amazing…the Germans even like SAABs.

  16. Thanks for your coverage yesterday. I don’t think I would have been able to write all these horrible things all day long. Really. Thank you.

  17. DI is just shooting the news regarding who is interested in buying SAAB.

    1. Youngman:–bud-pa-Saab/
    2. Turkish companies supported by the state:

    Both of them want the new technology mostly, but Youngman at least promise some manufacturing done in Trollhhattan. The Turks want only the technology, which I think is not desired.
    I guess Youngman has the biggest chances, since they have been involved the most and know SAAB very much. Unless someone non-Chinese with big pockets show up (which I would prefer but doubt that will happen) they will lead the race.

  18. Hi Saabs united

    I have a special spot in my heart for Saab, and i have been following this story since Saab was to be Wound/shot down in Oct 2009 by then owner GM.

    Reading the news yestoday that saab been forced to file for bankruptcy broke my heart in many pieces, and i coudn’t hold back the tears. I just feel we have lost something so fantastic and good. Saab cars really have some magic in them, in the way they drive, that i haven’t experienced in any other car i’ve driven. And Saab had so much going for it, with the new 9-5 sedan and the 9-5 sportcombi and offcourse the new 9-3 only a year away,

    As some suggested earilier in the comments, would’nt not be possilble for the saab fans to invest in a fund to buy Saab, or at leat set a poll here on saabsunited to see how much interest there is for us Saab fans to buy Saab and get it back up and running. If there is 50.000 people who are willing to invest from 100 to 1000 euro’s. Then maybe we can scrap enough money together to buy Saab. Isn’t it worth a try?.

  19. VM made it clear: It was Guy Lofalks intervention in the process that ended with it.
    I dont know if the swedish law predicts the personal and criminal responsability for the damages that that caused but if it does then someone should call mr Lofalk to assume his share in this hole failure: it is called ilegal and damaging action

  20. And more about Youngman’s plans on Swedish Radio:

    Youngman is planning to start up the production of the current 9-3, which accordingly to them would not be so much restricted by GM. Which might be true. In that case I suppose SAAB would become much more slim in production, at least until the new 9-3 comes. This, I think is a good strategy to at least be present on the market, and with potentially good price (since the model is old) could lift the brand in these hard times.
    The more I think the more I like Youngman, and they have deserved a chance, they were together with SAAB until the last moment! Of course this is business, but I think that there will be no better buyer at this moment.
    Another news is that the bankruptcy administrators will be meeting Youngman before Christmas. Things are moving quickly now!

    • The “9-3 only till the GM-Free Saabs emerge” plan is not that bad. But it simply means 4-5 years of losses that have to be covered by the new owner. I mean, in 2 Years we could see a replacement of the 9-3, 3 Years later we could see an all new 9-5, and after that a normal model development/creation rate could start.

      Are we talking here about 2Bn – 3 Bn Euros? (Those are the costs of the development of new models + the losses over those 5 Years).

      • I think you over-estimate the development of future models. If the Phoenix is truely designed as a modular platform like scania has, they could immediatly start the development of a 9-5 and have it ready within 6 months after a 9-3.

        • Polle, I do not over-estimate anything. I know how long the development of the 9-3 has taken (still not finished), I know that currently some engineers have left Saab, I know that some of the freelancers working for Saab during the first stage of the development of the 9-3 have found jobs elsewhere., so I’m only putting a realistic time frame.

          From what I know, Phoenix is designed following the Scania modular platform example, nevertheless while technical identical a 9-3 and a 9-5 should have their own distinctive personality, and this takes some time.

          But hey, I have no problem if the engineers at Saab impress me once again, and manage to develop a 9-5 in 12 months.

          • I think Youngman are dreaming if they think that GM will allow them a production re-start of the current 9-3. That car is just about 100% GM and any 9-3 sold means an Opel (or Vauxhall or whatever) in the same category not sold.

            But this is one comment I hope is totally wrong.


            • Ivo,
              I respect you, but your last sentence is BS.
              A 9-3 sold means an other car (mostly Volvo, BMW, Audi) not sold. I don’t see Saab owners to switch to GM-Europe.

              But as you say, I may be totally wrong.

              • The “9-3 only till the GM-Free Saabs emerge” doesn’t necessarily include huge losses. Unfortunately it might and probably will include massive lay-offs since the organisation, must adapt to the new reality, which in this case is very slim production of 9-3 model, maybe 20.000 a year. This production could keep SAAB present as a manufacturer on the world market, until the new SAAB vehicles come.
                The old Epsilon platform is out-of-date and I don’t think there are many GM vehicles (if any) based on it. So I don’t think that GM would mind, nor their Chinese partners. Also they got a bad image of SAAB killers, and probably could not give a plausible explanation of why they don’t sell a “middle age” platform to the new SAAB.
                Unfortunately this could also mean that the new SAAB vehicles would be produced in China from the start, but that is something Sweden must face. Swedish government as well as the Swedish public haven’t done much to save SAAB, often just the opposite, so it is time to think that Sweden doesn’t deserve SAAB.

                • I’m not saying that it is note feasible, just that it will cost more than restarting Saab as we knew it till Yesterday.

                  Yes it does mean losses. At 20.000 cars Saab is quite far away from break even, and what would be the savings? To half the production team?
                  I do assume that the personnel costs for the production team is about 8Mill €, and that Saab sells the cars at an average of 22.000 € per unit. To halve this costs would reduce the break even point by 2.200 cars per annum. Put there some energy savings of the same magnitude because of the lower production and you have a break even of 75.000 – 95.000 cars.

                  As long as production stays in THN, I do welcome any efforts to re-start SAAB.

      • Think you jhave to slim down Saab very much, exept for R&D and manufacture know how. Doing the old 9-3 for two more years would be a what not to lose know how on manufacture, rather than making any profit.
        I’m with Youngman!!

  21. Thanks for the great coverage Tim! I’m still hopefully for the next chapter of this saga….

  22. So as the SU crew have been mentioning all along, it was that ONE person that destroyed everything. I’m really trying to be polite here and not insult him, but I really, really hope he eats his fair share of pie due to this entire mess and ends up paying big time. Loflak, kKarma will come right at you, and I pray it comes in the fastest way possible.

  23. Thank you Tim for this complete story.
    This must have been extremely difficult for you.
    We really appreciate the good and neutral text of what all happened on this black day for everyone involved in Saab