ttela calling…

A while ago ttela.se rang up BMW and VW asking if they were interested in Saab. They got more or less standard answers that said “no comment on rumors”. But they did not give up and this time they called BMW and Magna.

– We have not changed position on the matter, said Markus Sagemann, press officer at BMW’s headquarters in Munich.

But he adds that there may be an interest shown in specific things in Saab’s bankruptcy estate.

– We had an engine contract with Saab, that unfortunately could not be completed. But any interest in the brand Saab or a major part of the estate has not been relevant.

And as far as Magna repeats’s press officer Tracy Fuerst what they previously said to TTELA. First, that the company does not comment on speculation, but refers to the company’s CEO, Don Walker, who has made it clear that they do not want to acquire some brands. This is the answer to the question whether they are interested in Saab, or in any way the assets of the estate.

– We do not compete with our customers, car brands.

As I stated before if BMW is in there they will most likely not be in the driver’s seat so I do not read to much out of this. As for Magna this is the standard statement they made ever since they missed their goal to acquire Opel. But since over the years Magna have been pretty eager to buy one or another car brand I would not take this as the one and only truth. I’d never underestimate the dedication of Mr. Stronach and honestly, looking at the experience and ressources Magna has I’d like to see them in this.

When it comes to the parties we know about I can say that Mahindra & Mahindra are still in this process and pretty dedicated. To me they are a top bidder who has the ability to get Saab back on track and to stand the tough first years. Yes, they are very quiet. But as they are from India take this as a sign that they are at work.

Simply9-5
Member
4 years 6 months ago

All things considered I could care less if a new Saab was purchased by the Keebler elves (I’m still hoping for Youngman since they’ve put so much effort into all of this).

As long as the brand name exists, new Saab’s are built, and sold I’m happy.

alwaysSaab
Member
4 years 6 months ago
This bidding process is indeed complicated. Understand the administrators have earlier received proposals from some 5 or 6 bidders and now the administrators are saying that they want them to submit a final one by March 2012. Why is there a final one unless the administrators have reviewed the first biddings received and are not happy with all of them and the bidders were asked to go back and take a relook at what the administrators want? If this is the case, I am a little concern as there may be some clauses that are difficult for the bidders to… Read more »
phermansson
Member
4 years 6 months ago

Because the first bids were just preliminary bids… that was a way to sort out all companies that were not serious enough. In March the bidders have had time to familiarize them selves a lot more with what they are actually buying and now its time for the final real bid…

alwaysSaab
Member
4 years 6 months ago

Thanks, Tim for the clarification. So, come end Mar 12 is the real nail biting time.. hope the white knight(s) are still around town and have the perseverance, determination, financial might and never-say-cannot attitude to see it through.

Piet-Hein S.
Member
4 years 6 months ago

somehow i hope BMW will buy Saab. they have the funds, know how to run a car manufacturer, and i don’t see the problem if the THN plant (apart from Saabs, of course) also produces Minis/1-series/whatever. the staff is flexible enough to assemble various models on one production line, i think.

Renato Sunico
Member
4 years 6 months ago

I’m frankly done reding about rumours. Won’t come back to this website for few weeks, by then hopefully we’ll know something. I’m going by the assumption that Saab is non-existent.

Thorfinn
Member
4 years 6 months ago

That seems unnecessarily negative. The SU crew seem to me to have done a fine job in weeding out the more insubstantial rumours…leaving us SU readers with the clearest view available of what’s going on. No point expecting to know every detail of every negotiation. That just ain’t about to happen.

Iiari
Member
4 years 6 months ago
While the view of rumors is a bit draconian, it is indeed a stressful process to follow. Especially given the large number (almost all?) of the multiple rumors from lots of closely placed “sources” over the last year that all were failed or didn’t come to pass certainly hasn’t helped the blood pressure. I don’t think the view of Saab’s future is unnecessarily negative at all. I’ve taken much the same perspective, essentially assuming that Saab is non-existent right now and, as long as I can get parts in the years ahead for my Turbo-X, I’m fine with that and… Read more »
bpsorrel
Member
4 years 6 months ago

Agreed. I love my ’08 Convertible, but if in around a years time there’s no new Saab to buy to replace it, I’ll simply buy an Audi A5 Convertible. There’s no point in stressing out about it. We all need to have a “plan B” in case the of the worst.

RS
Member
4 years 6 months ago

How can you afford it?! It’s a $40k car. I’ve been reading for the past few months how Saabers won’t buy anything costing more than 20, but have no trouble tuning and upgrading their existing cars for thousand and thousands of dollars 😉

Angelo V.
Member
4 years 6 months ago
RS: You haven’t heard that from me I trust. Saab customers DID buy cars costing more than 20K and they DO spend money upgrading their existing cars—-problem is that there weren’t enough of us to keep the company in business. Bankrupt. That’s spelled B-A-N-K-R-U-P-T. You see, if things were hunky dory with all of us rich fools and tens of thousands more buying Saabs and spending money on upgrades, we wouldn’t be here guessing if the company will be sold as a whole or “parted out” like an old, wrecked Chevy. So the idea for an under 25K sticker price… Read more »
RS
Member
4 years 6 months ago
Did you see the wink? Are you now calling all NG 9-5 buyers rich fools!? Seriously? Maybe it’s time for you to take a chill pill. A V6 Aero XWD was worth 50+ thousand (or more than 100k in many countries) as is an A6 4WD. You just don’t seem to get it when I tell you Saab did not have a sub 20k/entry model to sell, that’s why they didn’t do it. VM couldn’t stop talking about a new 9-2 in 2010 when you weren’t on here. Putting a 19k price tag on the 9-3 would only have bankrupt… Read more »
Iiari
Member
4 years 6 months ago

Perfectly stated RS.

Angelo V.
Member
4 years 6 months ago
It’s not perfectly said at all. Here’s a question: How much (i.e. what percentage) of the resources under the Muller regime were allocated for rapid development of an entry level Saab? There was no sense of urgency from what I could tell—-seems like they blew through hundreds of millions on things not related to getting a car to market that could actually save the company. They had a great ego stroke at the top end with the 9-5 and 9-4—–a great ego stroke for a few months, then they were knocked out about as fast as an in-prime Mike Tyson… Read more »
Angelo V.
Member
4 years 6 months ago

Oh, and the old Trainer tried to sell us on bringing in a new trainer from Turkey—-and now should probably move onto a different fighter. The Turkish trainer thing didn’t quite work out.

RS
Member
4 years 6 months ago
Angelo, you are oversimplifying things. It takes years and hundreds of millions (billions in the old days) of dollars to develop a new car model. Maybe they also wanted to complete the new platform -Phoenix- so they could have one to build the darn car on in the first place? Saab-Spyker would have needed massive amounts of debt to develop the new line-up which they had trouble of finding. Heck they would have even needed a lot of money just to keep the operation running with the cost structure they had in place until growing sales numbers would have started… Read more »
RS
Member
4 years 6 months ago

Or as in this case. Lack of it.

Kimberly
Member
4 years 6 months ago

> I’m going by the assumption that Saab is non-existent.

At this point SAAB is nonexistent. Anyone who denies that is silly. We’re just hoping for a miracle from on high to resurrect the brand GM tried their very best to slaughter.

Angelo V.
Member
4 years 6 months ago

How is Saab non-existent? Aren’t the three Receivers trying to decide what to do with assets of Saab, including possibly selling this non-existent entity as a whole? A bear who is hibernating isn’t non-existent.

Peter Gilbert
Member
4 years 6 months ago
As tense as this all is I went to my dealer, Concours Motors yesterday just to say hej! It’s been a while and I asked the parts manager if there was any good news. Behold some new parts are flowing again so I ordered my new spare key for my 9-5 Aero. I put it away for safe keeping as I left for the New Jersey convention last year. When I returned I forgot where I placed it. I have a strange feeling that next week I shall process 3 keys! I also was able to replace the cracked speaker… Read more »
Angelo V.
Member
4 years 6 months ago
Among those I consider “realistic” bidders, Mahindra has been my favorite for several months. I was hoping for Mahindra (and wrote that here) before it was even disclosed that they were interested. The rumored emergence of BMW swayed me—-for one, I own a BMW and it’s a wonderful car. Secondly, BMW knows a thing or three about building cars and selling them—-worldwide, very successfully. Third: The positive perception of BMW would really boost Saab’s chances of success in the short and long run. But alas—-perhaps Mahindra will value Saab more than BMW will value Saab. Maybe Mahindra will look at… Read more »
davidgmills
Member
4 years 6 months ago

The administrators just need to sell it to Mahindra and be done with it. Youngman is so far behind Mahindra when it comes to the ability to make and market a car (4,000 employees versus 150,000 employees) that Youngman should have been dismissed some time ago.

I have never thought BMW was for real so that pretty much makes this a no-brainer for me.

saabserb
Member
4 years 6 months ago
We shouldn’t rate the bidders accordingly to their size. GM was the biggest in the world when they bought SAAB and look what happened. Also look what happened to Volvo, it just flourished under Geely’s ownership. So far I only know that Youngman would like to keep producing SAAB cars. They have got over the GM stop, they are trying to find the solution for hinders every day. They will try to produce the current 9-3 and their “Lotus” cars, which are light years behind the real Lotus cars, but beggars are not choosers. And then after few years they… Read more »
Angelo V.
Member
4 years 6 months ago
Saabserb: Sorry, but your comparisons don’t do it for me. First of all, yes, GM WAS huge—-and they kept Saab on the market for 20 years when reportedly, Saab only turned a profit 2 or 3 of those years, if any. Next, Victor Muller bought Saab (small company) and wasn’t able to stay in business even two years. They are bankrupt. That brings me to the next comparison: Volvo was a viable car company when Geely got them—-making cars, selling cars, dealerships everywhere and no crisis of closing down. Fully operational. Plus, Ford cooperated with technology, parts, platforms, giving Geely… Read more »
saabfanatic
Member
4 years 6 months ago
“Youngman should have been dismissed some time ago” davidgmills, did you come to this conclusion in your dreams or this another one of your anti Chinese comments in here. You don’t lose any opprtunity to bash Chinese , do you? Your usual west versus east trash taking is a good indication of your true intetions! At the same time, What doeas the number of employees – that you got from google BTW – has anything to do with dimissal of Youngman? FYI, gm – Saab’s number one enemy – has a lot more employees than Mahindra,Youngman,… combined together, according to… Read more »
davidgmills
Member
4 years 6 months ago
I am no fan of the Chinese right now, and make no bones about it as I believe they have been hugely responsible for the demise of western business. I was just watching a video yesterday of what the Chinese have done with respect to the rare earth market. China is the major supplier of rare earths to the world (only because other countries don’t want the pollution that rare earth mining causes) and China is now insisting that any manufacturer who needs a rare earth for its product, produce its product in China, or suffer a ridiculous tariff that… Read more »
Thylmuc
Member
4 years 6 months ago

“Men något intresse för märket Saab eller en större del av konkursboet har inte varit aktuellt”

While I do not speak Swedish, from my knowledge of German, I would believe that “has not been relevant” might not properly reflect what he said?! Does that mean “presently not true” or “not on schedule” or what?

fanofsaab
Member
4 years 6 months ago

I interpret BMW’s statement as “we’re not interested in the company, just parts”. Based upon this, should we really be pulling for them?

Kimberly
Member
4 years 6 months ago

> All things considered I could care less if a new Saab was purchased by the Keebler elves (I’m still hoping for Youngman since they’ve put so much effort into all of this).

I care but I’d buy a SAAB only if it’s built in Europe or the USA. I would not buy one manufactured in China.

> I’m frankly done reding about rumours. Won’t come back to this website for few weeks, by then hopefully we’ll know something. I’m going by the assumption that Saab is non-existent.

Simply9-5
Member
4 years 6 months ago

Well good for you, brand loyalty reaches only to a certain point I see.

It seems like 95% of what is imported by the US comes from China, so if China is going to be serious about bringing cars into the US and Europe then they will have to reach the acceptable standards set by these two regions. If they can deliver a product that is on-par with US/European products with the same level of safety then I’m sold. Of course that’s not to say that Youngman won’t keep production in Sweden for the brand name’s sake.

Angelo V.
Member
4 years 6 months ago
A dose of reality? The Saab name and way of designing and building cars is important to us—-it’s why we’re customers and why we are here following this saga. If a deal gets done for the purchase of a “whole” Saab, keeping together as much as possible—-a few good dealers, engineers, assembly line workers, etc., fundamentally it will still be Saab—-very, very damaged at this late point in time, but still Saab. A company like Mahindra or Youngman will benefit greatly by trading on the name and still having a core group of frenzied customers, ready to consider Saabs as… Read more »
Olav
Member
4 years 6 months ago

Basically I agree.

alyeska2112
Member
4 years 6 months ago

Well said, Angelo!

David-SAAB
Member
4 years 6 months ago

When is the Angelo V. Blog site starting up. You could lead a revolution! 🙂

Angelo V.
Member
4 years 6 months ago

The problem with me having a blog would be that it wouldn’t just be cars—-it would be cars, music, politics, advertising—-too scattered and eclectic for people to want to follow. I’m happy to be a pest on other blogs for now.

davidgmills
Member
4 years 6 months ago

Those are my interests as well so maybe if you tell me where you blog I could dog your ass and keep you in line. Just kidding.

Frank Wulfers
Member
4 years 6 months ago
Like many, I am just tired of the deals and rumors in the last year. Every few weeks, there was the next company or country that was going to save Saab. Many Saab enthusiasts seem to cheer on any glimmer of hope from any company, no matter what country or company it is coming from, the intention of the company or the offer being made. Most are scavengers looking to get a brand and factory for cheap. Are we that desperate? Many of the employees moved on, Saab Cars North America is gone, Victor moved on (back to Spyker), the… Read more »
JasonPowell
Member
4 years 6 months ago
Frank, I would say there is still a lot of pride within Saab. I for one am not ready to move on and I know I’m not the only one. People have embraced a lot of the rumors and bidders because they so desperately want to see Saab survive, even non Saab drivers don’t want to see a brand with such heratige just disappear. As far as rumors go, I think sometimes, where there is smoke, there is fire. The statement from Magna is word for word exactly the same as they emailed me last month and to me it’s… Read more »
alyeska2112
Member
4 years 6 months ago
Frank, I love your website and your dedication to Saab, but I can’t agree with you here. If Saab were truly dead, why would there still be even one company hoping to buy it, much less the handful we’ve been seeing, some of whom are huge multinationals – surely these corporate giants know something of what they’re doing. Then there’s the rabid and loyal fanbase around the world. We won’t LET Saab die, not yet. We’re on SU and your website and scores of other platforms, shouting and cheering and rumormongering because we refuse to let Saab be taken away… Read more »
Frank Wulfers
Member
4 years 6 months ago
I should have noted I meant the company as we have known it in the last 10 years is dead. The Saab spirit is still alive and will always be. The companies that are interested in Saab are in it for getting established in Europe and possible North America. And use the European brand advantage for their own market. Do you think they care about the Saab enthusiasts who cherish their 20 year old Saab or go to the Save Saab meetings? About Saab blogs and Saab forums? It’s all about business, not about saving that wonderful heritage and making… Read more »
alyeska2112
Member
4 years 6 months ago
Do you think they care about the Saab enthusiasts who cherish their 20 year old Saab or go to the Save Saab meetings? About Saab blogs and Saab forums? Absolutely, because we keep Saab in peoples’ minds. We’re vocal, we draw attention to the brand. We advertise their company for free. We also buy Saab parts, employ Saab mechanics, and many of us own more than one “20 year-old Saab”. We help enormously, and any interested buyer would be foolish to discount us. If Saab was such a wonderful business to invest in, where are the Western European and North… Read more »
Angelo V.
Member
4 years 6 months ago
Frank: I live within a stone’s throw of the white house (okay, a long throw being in Northern, VA, but still). You know as well as anyone else where the new money is—-China and India to name two. NEW MONEY needs an OLD BRAND far more than any American or European company probably does—-which is why I’ve become more skeptical about the BMW rumor. It shouldn’t come as any surprise at all that a Chinese company and an Indian company are brought up so often. Frank—-do you think the IBM name on notebook computers was valuable? A Chinese company bought… Read more »
RS
Member
4 years 6 months ago

I wonder what really happened with the SAAB-GM relationship? Stumbled on this old video and it’s filled with good intentions, high hopes, enthusiasm and talk about making Saab a European premium brand for the future.
Have a nice weekend absorbing what’s been said over 20 years ago: http://www.youtube.com/watch?v=EUK0sdFTgd4&feature=related (maybe something for the receivers and bidders to watch too).

zippy
Member
4 years 6 months ago

I believe IF BMW have any interest its the Phoenix platform that they, along with Youngman, are interested in. I hope I am wrong.

Thylmuc
Member
4 years 6 months ago

Yeah, I think you are wrong. I asked a BMW engineer I happen to know, and while she was not aware of any plans to buy Saab (and hadn’t even heard that rumor), she quite frankly told me that there is quite a number of front wheel drive projects going on at BMW. And these will certainly compatible with all the other BMW components. So, no need for Phoenix.

saabman
Member
4 years 6 months ago
So this is only related to the above in a general way in that it has to do with Saab’s bankruptcy and the ripple effect. I am sorry for going off topic, but I don’t know where else to raise this question, as I don’t see anything in the forums or groups. Today I received a notice in the mail of Saab Cars North America’s Chapter 11 bankruptcy filing, presumably because as an owner of a 2011 Saab I am deemed a creditor of SCNA. Did anyone else in the US or Canada receive the same, and do we know… Read more »
KingRichardSaab
Member
4 years 6 months ago
Hi SaabMan, (fellow warranty less brother!) I like you are one of the “lucky” people that recieved that letter. I LEASED a 2010 9-3 (snow silver) back in July of 2010. As a ALLY leasee (lucky me, and that is another story for another day), I thought about sending a claim for the cost of the rest of my lease, since as we all know about the lack of our warrananty. But then I thought why bother wasting my time, not to mention making myself angry about the situation (again). Because someone would read my letter, laugh and throw it… Read more »
Angelo V.
Member
4 years 6 months ago
King Richard: You make an excellent point that I have brought up a couple times. You say that Ally Financial person had no knowledge of this. And for crying out loud, THAT PERSON IS IN THE INDUSTRY. The fact is, the vast majority of the public (I can speak for the American public) has no idea about Saab’s bankruptcy. If they can get cars back in showrooms in any reasonable amount of time—-the majority of people—-overwhelming majority—-won’t even know that any of this happened. Some have talked about the public image damage done—-and I agree about that—-if we’re discussing car… Read more »
KingRichardSaab
Member
4 years 6 months ago
Angelo, like you, being an American I don’t have to tell you about the “people” that I talked to on “the customer service” department at Ally. Believe it or not, I talked to a total of THREE people, (asked for the first customer service rep’s manager…and then repeat 3X) They all said the SAME THING, here is Saab NA phone number, talk to them. I kept saying there is NO LONGER a Saab NA…didn’t matter. Finally gave up. My main point even though I LOVE my 9-3, the lease I took out with Ally was for a NEW 9-3 WITH… Read more »
Galway-Saab
Member
4 years 6 months ago
Happy St Patricks Day to Saab and the Saab community especially SU . I have been coming to this site for the last year and I think J. Clarkson was right recently when he said that Saab owners were the most intelligent . I remember an add I saw for Saab some years ago in America which asked “what becomes of the broken Hearted ?” .The answer was “The smart ones buy a Saab” . Lets hope ….the new owners are smart and this time next year we will be viewing the new 900/9-3 in Geneva .Sorry for off Topic
Angelo V.
Member
4 years 6 months ago
http://news.yahoo.com/saab-denied-bankruptcy-protection-124000341.html An oldie but a goody. I always marvel at the comments sections of these stories. One person talks about how their daughter is driving a Saab that the family purchased when the daughter was 8 months old—and the car has over 200K miles on it. Of course, a Toyota owner has to chime in that his Toyota has over 200K and “Toyota isn’t bankrupt.” Some people are just idiots. It’s such an old article, no one except someone as crazy as me is even following it anymore—-but I think I just might add my own reply to the Toyota… Read more »
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