It was known before the sale that there were certain investors GM would not be amenable to. VM either underestimated how much investment it would take to finance his plan, or he hoped GM would relax its comfort level with his potential money sources after the fact. GM wasn’t going to be more altruistic just because he was dying on the vine…[Read more]
GM had their own problems to deal with. They didn’t need the distraction of dealing with an underfunded entity that was destined to fail. Not worth the ongoing distraction, legal costs etc.. Better to sell the assets to entities who would use them for something other than building SAABs. Ironically, that may be where things end up after all.
Zippy, a telling sign was that GM would have preferred to shut SAAB down rather than sell. The potential proceeds from a sale were probably less than the value of intellectual property that would have been at risk in the hands of a viable buyer, and the proceeds from a not so viable buyer probably were not worth the trouble. It always seemed that…[Read more]
Arelik, the solution to high parts prices is for suppliers to sell to NEVS at say a 35% discount. This might enable NEVS to profitably produce and sell the elusive “priced right” SAAB. If this scheme was properly explained to suppliers, they would realize that they would be making 15% more than if they settled for the customary 50 cents on the dollar.
I guess the name on the badge is important to people, but I’d rather have a new car with a new name on the hood that maintains the SAAB qualities than a rebadged vehicle that with a SAAB label but lacking those qualities.
“However, cars were noise restricted to 87.5db” That’s impressive. An old 96 two stroke with modified exhaust plumbing and a fraction of the power would probably exceed that. Seriously though, even reading about this car is fun. Thanks for the post.
Reading about SAAB enthusiasts like Andrei emphasizes what a shame it will be if the brand is not revived.
It seems that the “prestige” of owning a Mercedes or BMW should be discounted when the sheer number of them out there is taken into account. That doesn’t seem to be the case however even though there are so many of them. SAABs in contrast were not owned by every Tom Dick and Harry, but apparently that worked more against the brand than for it.
The report was that they planned to produce100 cars. Someone here suggested that they be high performance versions of the 9-3 with larger brakes, upgraded suspension, seats etc. and chipped for more peak power. It seemed like a good way to end the 9-3′s long life, but if NEVS does produce those 100 cars they will probably have the same old…[Read more]
Would you consider a minimum of ten years the foreseeable future? A plan that calls for an initial investment then putting money in year after year to cover losses for at least ten years before maybe starting to make some return on investment is probably about as good as it gets for this project..
- Load More