Additional reconstuction reading from the press

More fodder for those or you looking for a different angle on things….
From Forbes: Saab Bids GM Farewell
Defining quote:
“Today is the beginning of a new chapter in Saab’s history,” says Jan Ake Jonsson, managing director of Saab. “We are now recreating Saab Automobile as an independent unit. The road ahead will not be easy.”
From CNNMoney: GM Units In Europe, Korea, Appeal For Aid To Stay Open
Defining quote:
“[Let’s picture] Saab as an independent car company with … low sales volumes,” said state secretary Joran Hagglund at the Swedish Ministry of Enterprise, Energy and Communication. “If you listen to analysts, then they say there’s not a chance such a company can survive. So what I’m really saying is that you should keep your expectations very low.”
From Bloomberg: Saab Seeks Protection From Creditors as GM Pulls Out
Defining quote:
“Unless the Swedish government is prepared to put a lot of money into Saab, I think that this is just another step down the road to the graveyard,” said Stephen Pope, chief global strategist at Cantor Fitzgerald in London.
From Reuters: Saab Story
Defining quote:
“Saab said it would seek funding from public and private sources through the reorganization, and that GM would provide liquidity.”
From Sky News, UK: Safe, Strong And Not Here For Long
Defining quote:
“The question is who’s going to want to put up that sort of money for a for a company that can’t stand on its own two feet? “
From the Sydney Morning News: Sweden ready to let Saab drive off cliff
Defining quote:
“Saab employs 4100 workers in Sweden, and another 10,000 jobs are linked to subcontractors, making it an industrial powerhouse in a country of just 9 million. Unemployment in Sweden reached 7.3 per cent in January.”

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