Turkish Brightwell pulls out – “GM wants to kill Saab”

Zamier Ahmed says this to www.di.se tonight.
Reason to this is the attitude if GM
Everything was under control and we where excepting final feedback from GM. They changed their position in the very last minute. I am sorry to say that I have never seen such behavior from a company of that size ever”
Said by Zamier Ahmed and he is really disappointed.
He claims that they have put a plan on the table for Saabs future, GM has not only showed their unwillingness to cooperate but also the conclusion made by Ahmed that GM wants to kill Saab.
Brightwell says that everyone has been very cooperative in their work process lawyers, everyone…
More tomorrow on this….

orion
Member
4 years 6 months ago

Doesn’t surprise me!

StefanH STHLM
Member
4 years 6 months ago

🙁 A stab in my heart, this late in the evening………

Coke is it
Member
4 years 6 months ago

I hope GM’s attitude is because they have reached an agreement with someone else. Please let BMW be the owner of Saab and let them produce all current models.

All this waiting is killing me.

maanders
Member
4 years 6 months ago

I doubt this is the case. What this likely means is that they refused to consider licensing anything meaning a new owner would have to start over with new models only….no resumption of production.

Greg Abbott
Member
4 years 6 months ago

Disappointing news, but not really surprising.

It is possible that GM’s last minute change of position is because they have reached an understanding with a different bidder. But sadly it is more likely Mr. Ahmed is right.

Eric
Member
4 years 6 months ago

Not surprising.
I think the best fit for Saab, would be BMW, if they are indeed the Munich automaker in play for Saab. They wouldn’t need any GM licensing & GM’s stake should be dissolved if BMW is the chosen one to get Saab.

Like many here, I am tired of GM’s shit.

quickbird
Member
4 years 6 months ago

Mr. Zamier Ahmed forgot the fact that: GM already killed Saab at Dec. 10, 2011, it is just want to cook the body and eat it right now.
WTF…

Eric
Member
4 years 6 months ago

Saab wasn’t dead yet then, it was in a coma.
Similarly to it is now.
Pontiac, like Oldsmobile, Saturn & HUMMER I will consider dead.
But not Saab. not yet if ever.

Smithy
Member
4 years 6 months ago

My reaction:

But yes, I really do hope that within the next days or so, we’ll also see a bid on the table coming from a party that doesn’t need GM’s technology. Even though I do like the 9-5 very much. Maybe they can keep the exterior? 😉
Ok, no more dreaming….

Timeshifter
Member
4 years 6 months ago

The same reaction here! 😀 I posted it on facebook with the same picture…
BTW: After today seeing a TopGear episode about SAAB, I pray for BMW!

Ride
Member
4 years 6 months ago

What a news just before going to sleep. :O But yet it isn´t that suprising either.

Bravada from GMI
Member
4 years 6 months ago

Really, GM told specifically that they weren’t even talking to Brightwell a week ago or more. It took a week for Mr. Ahmed to acknowledge that?

TurboLamko
Member
4 years 6 months ago

Hoping still 🙂

Frustrated though…! GRRR

paddan
Member
4 years 6 months ago

Wow – shocker.

StuartA
Member
4 years 6 months ago

Of course Zamier Ahmed is right. But i don`t understand why he surprise???. GM`s stance has been known for years … Why do you think spyker was the one who GM approved first time round, quite simply they knew they did not have the financial backing to make it work… Did he not follow what happened first time around…. remember what happened with the Koeniqsegg deal? deal all but done almost done publicity photographs taken then GM moved the goal posts….

Radu
Member
4 years 6 months ago
Well this can have two meanings: a) either B is anticipating a deal ans want to test reaction of the consistent market of Saab and potentially acquire more leverage in the last steps, or b) is actually the end for B which perhaps were used as a gamble card for another deal more consistent and more feasible for another bidder, which in the first place (it is sad to say) may have the agenda of engineering, steel price and other elements like green power fueling the vehicles to complete the “efficient dynamics” brand! Or perhaps Saab is actually wanted dead… Read more »
jonthaa
Guest
4 years 6 months ago

Ah – A level headed reply from someone who tries to look behind the smoke and mirrors 🙂

Greg Abbott
Member
4 years 6 months ago

You’re over thinking this. Brightwell was naive to think that they could negotiate a deal with GM, that’s all. Brightwell’s bid serves no purpose for the other bidders other than possibly to raise the price.

Bravada from GMI
Member
4 years 6 months ago

And you’ve just answered yourself regarding the purpose of the bid.

saabman
Member
4 years 6 months ago

This doesn’t surprise me in the least. I was always skeptical that Brightwell was in any sort of real negotiation with GM. Maybe they were (what do I know, after all), but given how GM has acted it seemed quite unlikely to me. The only way for Saab to continue is to try and purchase parts for the 9-3 from GM or start totally fresh with BMW or another company that will provide the parts needed. The latter is the superior option in the long run, but will mean a much longer restart time.

Radu
Member
4 years 6 months ago
Well this can have two meanings: a) either B is anticipating a deal ans want to test reaction of the consistent market of Saab and potentially acquire more leverage in the last steps, or b) is actually the end for B which perhaps were used as a gamble card for another deal more consistent and more feasible for another bidder, which in the first place (it is sad to say) may have the agenda of engineering, steel price and other elements like green power fueling the vehicles to complete the “efficient dynamics” brand! Or perhaps Saab is actually wanted dead… Read more »
TurboLamko
Member
4 years 6 months ago

We still need to keep caln and NOT give up!!

clean_kirill
Member
4 years 6 months ago

capitalism…

Radu
Member
4 years 6 months ago

PS: or perhaps someone else needed a sign! In this instance is interesting to know what VM has to say – lat time I heard he was counselling Bwell!

sandborg
Guest
4 years 6 months ago

Why did he choose them? Why?

belgian_roadster from Eupen, DG
Member

I personaly don not believe that GM will change its mind to anyone who wants to take-over SAAB. Not YM, not Brightwell, not BMW…
Only thing that could make them change their mind is a very big hole in their pockets.
Opel (GM Europe) is in very bad position, but they are stand-alone now.
Don’t know if they still receive money from Detroit.
If they do… then let’s hope Opel will go bad for months to come!

aslak
Member
4 years 6 months ago
not enjoyable to say i’m right but i already told that B.H was in this game just to get their name out and get press coverage. 1 month ago no one knew them, now they are thousand times more known in the automotive world and press. the p.r they got from this game could be measured in millions of dollars. tv interviews, magazine, daily paper headlines. full loudness, full noise and i’m sure it will pay off for them. they never had the funds, they said they had. they never talked to gm really they said they did. unfortunately mr.manas… Read more »
quickbird
Member
4 years 6 months ago

I have the same feeling….

saabfanatic
Member
4 years 6 months ago

“GM wants to kill Saab”

I don’t know why some of us are sill surprised to see this? Whoever wants to take over SAAB, they have to do it whithout GM PERIOD….This’s been said many many time, let’s make sure we all undrestand that! Forget Goverment Morons!

900 classic cab
Guest
4 years 6 months ago

I’m with you. It’s about time that anyone who is willing to by SAAB understands the obvious. Forget about GM and don’t waste more time because chances become less everyday…

Alex740
Member
4 years 6 months ago

Agreed, the idea that GM is going to help SAAB at all is incredibly naive and goes against almost every move in GM’s history. GM is the epitome of a large faceless corporation, they have written off SAAB and don’t want to pay their lawyers anymore money to deal with what they see as a headache. I’m sure everyone at GM HQ is kicking themselves for not shuttering the brand when they had the chance.

nichell
Guest
4 years 6 months ago

Now it’s BMW vs Mahindra.! Are we going to be like that guy who leaves Saab and buys an Audee? Are we going to be like that guy? Are we going to be like that guy, always complaining. No. We’re not going to be like that guy, so let’s go buy an ice cold Bud and celebrate.

ivo 71
Member
4 years 6 months ago

No, it’s not. Not one source has so far confirmed that BMW is involved in the bidding. Until someone with knowledge does confirm it, BMW is not a player, no matter how much we all want them to be.

A reliable source, anyone?

Ivo

nichell
Guest
4 years 6 months ago

Point. Point. Very good point Ivo. Let’s change that to Mahindra vs the Young Man.

Jesse Crandle
Member
4 years 6 months ago

I’m getting the feeling Youngman is either not wanted by SweGov or China doesn’t want another car company they can’t just chop and 100% move to mainland. Plus their behavior has been kind of erratic, and as much as I hate to say it (I’m prepared to see lots of red thumbs next to this comment) it’s looking like Mahindra is the only real official bidder who could pull this off. I really really hope BMW is at least partnering with someone to pull this off, GM free…

ivo 71
Member
4 years 6 months ago

@ Vagabond: yeah, a point, sure. One that I wish I didn’t have to make, though…

Ivo

bender
Member
4 years 6 months ago
Still so very confused as to how the bankruptcy of Saab has made things easier for them with issues regarding GM. As far as I can tell, nothing has changed after he bankruptcy since GM is still very much here and apparently has very much a big part in the the bidders’ decision. My understanding is that if Saab wishes to restart, they can as long as they don’t use GM’s POS IP but that it is necessary to use it for a little while until they get back on their feet. If this is the truth and GM doesn’t… Read more »
900jubileum
Member
4 years 6 months ago

Really not suprising. I think that if Saab gonna survive, it have to bee without GM. But I still hope for the best!

EuroDriver
Member
4 years 6 months ago

Not a surprise there. Don’t have anything to say, just that I hope this doesn’t discourage any other bidders.

Jesse Crandle
Member
4 years 6 months ago

So I guess my big question is who is Victor Mueller rooting for now?

CSD_ChineseSaabDriver
Member
4 years 6 months ago

No surprise at all.

Never count on GM. Forget BMW too.

Too much wishful thinking here.

900 classic cab
Guest
4 years 6 months ago

+1

EuroDriver
Member
4 years 6 months ago

BMW wouldn’t care if they got the platforming rights. They have very well engineered platforms, that could be used for the time being till Phoenix is completed. As for YM, they cannot offer anything close.

Greg Abbott
Member
4 years 6 months ago
Shifting Saab over to BMW platforms in any short term time frame is not easily done, and even if it could be done, would be insanely expensive. BMW platforms are RWD, except for MINI. Putting FWD on a RWD platform is not economically viable and is certainly not happening quickly. As for the MINI or 1-series platform, I doubt it can scale up to 9-3, 9-4x, or 9-5 size at all, much less in a reasonable time frame. Phoenix would be ready well before that. And even if BMW had a platform which Saab could use right away, you’re still… Read more »
joseglv
Member
4 years 6 months ago
It´s no suprise.. really… BUT WHAT PI**ES ME OFF it´s the attitude of GM can pass with no punishment!! They don´t care the efford or the countles hours people spend to save Saab! Saab to them is an menace and they will allways try to move the goal post!! We don´t know for sure if it is BMW but if any of the BMW man in charge will read this, please BUY Saab and we will help you KILL GM! Eye for an eye… ( GM law ) Well we don´t pay back in the same way…. But i know… Read more »
CSD_ChineseSaabDriver
Member
4 years 6 months ago

The only serious bidders are YM and Vovlo.

M&M didn’t even make a bid.

Losers.

Snowshoe
Member
4 years 6 months ago

How do you know that M&M is out?

Jesse Crandle
Member
4 years 6 months ago

I seriously hope that’s incorrect, I’m getting a pretty nasty feeling M&M is our best official shot at this. The only person I’ve heard of even giving a bid is Youngman, and they’ve given a lot… and been shot down a lot.

MeanSabean
Member
4 years 6 months ago

Hey ChineseSaabDriver, were you get your info??????? are you related to Nostradamus??????
unless you can prove otherwise, give me a break!!!!!

Turbo_Charged
Member
4 years 6 months ago

Bit disturbing comment /motive, wonder who is actually behind “Chinese SAAB Driver”? I understand YM & Volvo are the only ones with a Chinese dimension.

Alex740
Member
4 years 6 months ago
Wow, Brightwell is out, what a surprise that is. How he can act so shocked that GM isn’t willing to play ball when it’s been so blatantly obvious to so many of the people here is the biggest surprise to me. I don’t think BW had any real intentions of buying Saab and if they did it would have been a disaster, glad to see them out. As for GM, the only way Saab is saved is by someone willing to start from scratch, GM doesn’t need Saab and they want the threat and money drain neutralized. My fingers are… Read more »
Jesse Crandle
Member
4 years 6 months ago

It couldn’t have been completely a scam, could it? I mean would Victor Muller really back somebody he didn’t think was going to try and win?

ivo 71
Member
4 years 6 months ago
I don’t think it was a scam, the reputation of Brightwell as an investor is too good for that kind of games. Moreover, they don’t need being ridiculized by the media for being either naive or of bad faith. That kind of publicity doesn’t enhance the stature of a serious investor. And I can absolutely imagine Zamier Achmed’s shock if GM kept feeding Brightwell a crock of… well, llet’s say a line which they cut just before a deal seemed to materialize. They did the same with Spyker at the time, moving the goalposts as soon as they seemed to… Read more »
Alex740
Member
4 years 6 months ago
I wouldn’t call it a scam, I’d say a mix of naive and big talking. BW never had the funds or the know how to make Saab work and their estimation that they could have Saab up in running in 8 weeks was laughable. I don’t see BW intentions as being nefarious or deserving of the description of “scam” but I don’t believe they were ever a serious player and the non news that GM isn’t going to play ball gave them an easy way out of the bidding when perhaps a little reality of what a Saab purchase would… Read more »
CSD_ChineseSaabDriver
Member
4 years 6 months ago

GM & BW:

How is it possible that a Giant GM would treat BW serious?

Like VM without money at all how could GM treat VM serious?

Sad

CSD_ChineseSaabDriver
Member
4 years 6 months ago

IMO, there is ONLY one bidder who wants SAAB to exist as a brand.

The other bidders like Volvo and Baic only want parts of Saab factory.

MM not made a bid at all.

So it is pretty clear who will get what.

ivo 71
Member
4 years 6 months ago

How do you know what M&M did or didn’t? They have this gag agreement with the receivers, don’t they? So we -and you- wouldn’t know if they made a bid or not.

Ivo

GerritN
Member
4 years 6 months ago

OK, so I’ve been lying low for a while since there is not much that I can add to the discussion. I do read the comments though and CSD_ChineseSaabDriver’s comments are getting really long in the tooth. It’s fine if you’re rooting for Youngman but you’re starting to sound like a Youngman placed troll.

Snowshoe
Member
4 years 6 months ago
The behaviour of GM is consistent. Sort of playing along and humming without committing and letting the other party put in a lot of work. At a late stage they issue a statement or or in some other way pulls the plug on things. With this kind of tactics they maximize the costs for the “negotiating” party while keeping the waters muddied for other players. Thus making it more difficult to anlyze the situation and focusing on the right path to chose. Ignore GM until a deal is struck. If GM later want to play ball and provide components then… Read more »
Garrett
Member
4 years 6 months ago

It looks more and more like GM’s plan was a double homicide of Saab and the company that took Saab over (ultimately SWAN) and GM wanted it to look like murder suicide of Saab by SWAN and keep their fingerprints off of murder weapon.

Greg Abbott
Member
4 years 6 months ago

GM is not that competent. Saab is not that important to them, one way or the other. Combine neglect and annoyed distraction at having to deal with such a small problem with GM’s traditional arrogance, and you get the outcome visible today.

Xon
Member
4 years 6 months ago

Go for it YM!

Steve
Member
4 years 6 months ago

Thank you for this extremely valuable information!!!!

I was considering a baseline corvette despite GM’s actions, now I just can’t stand to think of it!

nichell
Guest
4 years 6 months ago

Is YoungMan the only bidder? I question whether a company that has no expertise in dealing with union employees and union managers, like in Sweden can run a business efficiently. It’s easy to make money in China where unions are banned. The Chinese managers may not know how to deal with unions in the west. How can the Swedish Gov’t /Administrators sell Saab to a company that does not have unions. Weird but I guess it is possible. Follow the money.

ivo 71
Member
4 years 6 months ago

If Geely knows, so could Youngman. Consultants can be hired.

Ivo

Viper
Member
4 years 6 months ago
GM = Shit cars that are bland and boring. If they ever go bankrupt and no one saves them like last time, no one will really care. Well they will care to save jobs, but in terms of GM’s history of making shit cars, no one will care. As for Saab, if BMW rumours are not real or do not happen, haven’t Yougman said they will buy it without GM and thus for now build the old 93? Its better than nothing and in the long run Saab will prevail with new models based on PheoniX and not shit GM.
LV Saab
Member
4 years 6 months ago

Is any of this GM behavior tied to what is going on in France? P-C and Opel have excess capacity. P-C could use the Phoenix technology. Is something happening in France that would cause something to happen in Sweden. GM still owns preferred stock, in the US they would be a creditor just like a supplier.

LV Saab
Member
4 years 6 months ago

Does P-C go to the US through SCNA?

Red J
Member
4 years 6 months ago

Sad news!!!!!!!

Martin T16s
Member
4 years 6 months ago
I said it last week and I was shot down in flames, but I will say it again. Despite the so called claims that the BMW interest was well highlighted by other sources I for one did not know this until it was let loose on here. I said at the time that I thought this was against our previous policy of not starting rumours if certain parties were working away behind the scenes and we would respect their privacy. The fact that there were over 200 posts in response to the BMW rumour breaking loose in here proves the… Read more »
ivo 71
Member
4 years 6 months ago

The rumors about BMW being interested in Saab were circulating on the continent for months, especially in Germany. But since no confirmation could be obtained one way or the other, BMW must be considered not involved until they -or the Receivers- say they are. Mahindra, on the other hand, have confirmed their interest to the media but refrained from releasing any specifics about what they want to do with Saab if they buy it. Or if they have, in fact, placed a bid but that’s of course what the gag agreement with the Receivers was about.

Ivo

Mark
Member
4 years 6 months ago
It has to be remembered that GM never wanted Saab to succeed. It only chose buyers that would be unlikely to make a go of it. First Koenigsegg and then Spyker. I mean no offence to either company, but in GM’s eyes neither company was likely to succeed. I’m now certain it only sold Saab as a PR gesture because we in the Saab community were doing quite a reasonable job of making it look bad. When GM previously wanted Saab to fail, why would it now want it to be sold to any buyer that has a chance of… Read more »
Jesse Crandle
Member
4 years 6 months ago
Even before GM said they were going to sell Saab I was pretty much under the impression Saab was just a pocket of technology for them to drain. They had safety, turbos, the Trionic system (I might be wrong but I’m pretty sure they thought they’d be allowed to steal that tech). I watched a video last week about the turbocharged 1.4 liter in the Chevy Cruze, basically everything they described was a Saab thing. Forged strengthened pistons, sodium filled valves, oil squirters to cool the pistons, water cooled turbos. I mean yeah these features are in a lot of… Read more »
Mark
Member
4 years 6 months ago

I’m not a huge fan of Ford, but at least when it sells off a brand, at least it shows some sense of honour and decency. With GM, the only way a brand usually escapes it is in a coffin.

Angelo V.
Member
4 years 6 months ago
I’d be very surprised if GM DID license this technology. They’ve now telegraphed their punches over and over. How can anyone be surprised at GM’s behavior? This guy’s shock is a replay of Muller’s dismay back in December—-how is it that world class executives don’t know what some outsider like me knows? GM SUCKS. Get used to it. Understand it. Work around it or shut up already. By the way, Muller’s support of Brightwell reminds me of politicians backing a candidate—-and when that candidate leaves the race??? If they then throw their support to another candidate, there’s zero credibility. Hopefully… Read more »
Peter Gilbert
Member
4 years 6 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 »
Angelo V.
Member
4 years 6 months ago

I contacted my Congressman and two Senators last night. I urge all U.S. Saab enthusiasts to do the same. Mention how GM 1) Needed a massive bailout themselves 2) Still owes U.S. Treasury 20 billion dollars 3) Is causing further U.S. unemployment at dealerships by continuing to obstruct the sale of Saab—-not to mention 3000 Swedish jobs. 4) If they license technology, they save the jobs and earn on each Saab sold—-which they can use to help pay down what they owe taxpayers.

mnztr
Member
4 years 6 months ago

I hope BMW buys saab and says very publicly in the most arrogant german manner possible that the will not use gm ip because is does not meet BMW standards…..

Peter Gilbert
Member
4 years 6 months ago

Well said! BMW owns Rolls Royce, who needs GM!

Kimberly
Member
4 years 6 months ago

It has been obvious since Day 1 that GM’s goal was to put SAAB six feet under.

DUTCH900C
Member
4 years 6 months ago

PangDa was the first “fictim” of how GM acts, Brightwell is the next! I really hope China now will block GM for building cars in that country and will set GM out of there. I begin to think that is the only way to confirm GM how wrong they are acting! It’s a big shame how that “comany” acts!

DUTCH900C
Member
4 years 6 months ago

“comany” must of course be: “company”

ivo 71
Member
4 years 6 months ago

No, it mustn’t 😉 .

Ivo

KaiC
Member
4 years 6 months ago

It is really nothing new for us.So we should not be childish and naive any more . Thinking about how to save saab by ourself but GM is the right way.Everyone who loves Saab should be clear-headed now!

Chris Carrier
Member
4 years 6 months ago

This might be a bit prejudiced, but if I could judge from what I hear from governments in the middle east in the last few decades, arabs tend to be rather dramatic and absolutist. Black and White, (we’re) Good and (they’re) Evil, It’s THEIR fault, so “GM WANTS TO KILL SAAB” rather fits that line of talk.

zippy
Member
4 years 6 months ago

GM has no reason to want Saab to survive IMO but I live in hope.

Christof Rytz
Member
4 years 6 months ago

After having several not very constructive e-mail conversations with our “good GM friend” James Cain, my impression is, that GM does still not understands how bad its reputation (and the sales figures) in the european markets are. In order to give GM the right feedback I suggest:
a) do not buy any (new or preowned) GM product (except SAAB)
b) sell the GM products (except SAAB) in your portfolio and replace it with non GM products (as I did with two Opels)
c) do not buy any car magazines that has reports or articels with GM products (as I do since 2 years)

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