Statement from Brightwell to SU

Recently we got in contact with Zamier Ahmed who lead the team that was dealing with the acquisition of Saab. Here is the statement we got from him just a few minutes ago:

It is with great regret that we must inform you that we have withdrawn from the race for Saab. GM’s intransigence to cooperate and forge a relationship to revive Saab and additionally create revenue for GM was “not in the interests of its shareholders”. We remain bemused, shocked and above all disappointed that we could not join the Saab family.
We hope that Saab finds a home where its new owner will sustain the company’s heritage as we planned to.

Thanks for your efforts to Zamier and the rest of the Brightwell team.

While I personally find it pretty sad that they had to withdraw their application without even placing their final bid I guess that it lies in the nature of the process that we have to say goodbye to some parties sooner or later and so I’d still like to draw your attention to my recent post.

Quijote
Member
4 years 7 months ago

Hey GM brass…. #%€£ YOU AND ROT IN HELL

OurMoldySaab
Member
4 years 7 months ago

Hey GM. I am a shareholder. You never asked me what I think you should do.

coggs
Member
4 years 7 months ago

Hey GM. I am also a stockholder. I won’t be tomorrow.

Renato Sunico
Member
4 years 7 months ago

GM doesn’t care about its stockholders

Moises
Member
4 years 7 months ago

I have 3 years waiting to buy a new Saab, If my destiny is not to have a Saab because of GM intransigence, also I wouldn’t have a GM. GM will be my last option to buy and my last option to recommend.
GM is not playing a fair game.

nichell
Guest
4 years 7 months ago

Are we going to be like that guy, only complaining about GM. Are we going to be like that guy who leaves cause he ‘s got to get up early in the morning? Are we going to be like that guy? No we’re not, so let’s grab an ice cold BUD and JOIN THE PARTY.

North Toronto Punter
Member
4 years 7 months ago
I’m finding it increasingly difficult to carve out an automotive space for myself …neither Jerk-Off GM (with their restrictive covenants ) nor BMW/ Audi (whom I ‘d suggest would force Saab into a corner too, that wouldn’t risk their own portfolios). Chrysler’s no better: In precarious mode — and if they hope to revive Alfa (haven’t they treated them rather shoddily–and closing the Museum!), where would Saab be compromised? Volvo is out for a variety of reasons–styling being just one! And after reading an interview with Volvo’s USA CEO on Swedespeed it’s confirmed my prejudices that they are an utterly… Read more »
Paul
Member
4 years 7 months ago

Sounds like you’ll be buying the new entry level Jag to me!

davidgmills
Member
4 years 7 months ago

GM has no intention to cooperate with Brightwell. Can’t say that I blame GM at all. I wouldn’t want to have to cooperate with a company that is not an automobile manufacturer either.

saabfanatic
Member
4 years 7 months ago

Your beloved gm not so long ago was bailed out – you must’ve missed tout on that….now they have thier nose so high that they shouldn’t be talking to other companies? What a comic statement!

JB
Member
4 years 7 months ago

Next they rape Peugeot and kill them. Bastards.

alwaysSaab
Member
4 years 7 months ago

VM is actually advising Brightwell? No? So even VM who knows Saab and GM so well is unable to secure a breakthrough in the dicussion with GM, I am very worried for the rest. Looks like the one that will win the race is one willing to develop a new platform (Pheonix?) totally independent of GM.

I mentioned before many times, to restart production without GM’s green light is not an option at all.

Peter Gilbert
Member
4 years 7 months ago
At this time all over the world children are returning home to be under the roof of their parents. Of all the days for this news to happen, SAAB Group has become one of the top defense companies in the world. What a dream if after all these years the prodigal car to return to the family. This would be so right as Dad now has lots of money and “back to the future.” I do not want to sound like a broken record as this has been said several times, but it is now time for the rest of… Read more »
Chris Hansel
Member
4 years 7 months ago
If Brightwell is out, does that mean GM will not even allow the current 9-3 to be build with their parts? If so, is there any chance for M and M? So far all assumptions have proven wrong. Write my Arizona rep? Are you joking? He is too busy beating up the unemployed, and the poor. He voted against the GM ballout so he has no dog in this fight. The 3000 Saab owners in his district are of no concern to him. He wouldn’t cross the street to help a foreign car company. Sorry dudes , too many on… Read more »
Daniel B
Member
4 years 7 months ago

According to Swedish Radio ( http://www.sr.se/vast) there will be a new pressconference (telephone i guess) with the recievers today at 09:00.

Red J
Member
4 years 7 months ago

Daniel,
this is just the standard Tue 9:00 telephone conference.
I hope to hear some more encouraging news, and I don’t think that they will have much to say about Brightwell.

Daniel B
Member
4 years 7 months ago

Yeah, I just thought so, but interesting to see if we get som more news about the bidding process like you say.

wfg
Member
4 years 7 months ago

Dear All,
Please lets stop writing on GM. No comment, no arguing, no hope, no single word. Lets help Saab to burn all bridges to this monster. Saab will only have a future if this happens. It was probably VM’s biggest mistake to trust on them, so lets burry this unfortunate past and look forward into a bright GM-free future…..please!!

hilmar
Member
4 years 7 months ago

Please, kick GM out of Saab. Who ever is able to do so. And if BMW really wants some platform technology they should choose Saab engineering. Not least because of great people working at Saab. Years ago Mercedes left Chrysler, they knew why.

Angelo V.
Member
4 years 7 months ago

And the built-in customer base BMW will get if they purchase Saab. The sooner GM is completely separated from Saab, the sooner Saab can be onto bigger and better things. GM is a lead weight—-on everything they touch.

MrTinkertrain
Member
4 years 7 months ago

IwontbuyfromGM.
That is all i can say now.
Shame on them.

mpprh
Member
4 years 7 months ago

This is sad news.

I was in Turkey last week and there was excitement at the prospect of a “Turkish” car company rather than the current cheap labour based foreign assembly operations.

It is becoming clear that only an established major motor company will be able to overcome the GM position and bridge the gap to new models.

Marque
Member
4 years 7 months ago

A BIG ThankYou to Mr.Zamier Ahmed and Brightwell Holdings. According to my genuine impressions you were very very much dedicated and painstaking in the Saab cause and I feel you had some of the best intentions any of the suitors of Saab ever had.

So, thank you here again and I trust you will find a way to take a share in Saab’s future in some way, sometime. Doing so in a way that will be flourishing to both You and Saab.

E. Boon
Member
4 years 7 months ago
GM has a big finger in what happens behind the scenes. Even now. Either the new owner starts up production a.s.a.p. In which case GM determines who that new owner is. (And GM more trusts the Germans than the Chinese to – for the time being – use GM patents) Either the new owner has the financial means to first develop non GM platform based cars. (But dealers need sales and customers need cars TODAY). Either the new owner has the factory make something else than Saabs and it’s the end of SAAB. It’s guessing, but most reasoning ends up… Read more »
Wittendorff
Member
4 years 7 months ago

GM states that they NOT will sell licenses to any buyer of SAAB and that they not have been talking to BW.

http://sverigesradio.se/sida/artikel.aspx?programid=125&artikel=4989521

Scire
Member
4 years 7 months ago

GM is the epitome of ‘corporate terrorism” … the new type of capitalism exported by the US. The country’s founders would have arrested and executed these ruffians and scoundrels. What a laugh, “at the best interest of the shareholders.” Enough is enough.

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