EnG Snippets Monday Edition

There’s still plenty to write about which I’m sure is frustrating to Swade, given that he’s not got internet access.
In this post:
– One of the better summations of the past week from the Saab perspective comes from the AP wire photo of Jan-Ake Jonsson.
– Jalopnik’s Project Car Hell has some fun at GM Europe’s expense.
– Continued reports of interested buyers for Saab.


First, from the AP wire comes this poignant punctuation from last week’s events:
Jan Ake Jonsson, CEO of General Motors’ Swedish-based subsidiary Saab, talks at a press conference in Trollhattan, Sweden, Friday Feb. 20 2009, after Saab went into bankruptcy protection. The Swedish government on Wednesday rejected a request from loss-making GM to inject money into the carmaker. GM, which is seeking help from the U.S. government to avoid bankruptcy at home, has been looking for buyers for Saab but said it needs more funding to spin off or sell the division.(AP photo/Scanpix Sweden/Adam Ihse)

jan-ake jonsson press during bankruptcy.jpg

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Jalopnik Project Car Hell: Babnkruptcy Bundle Edition
Jalopnik has a very funny send up in their recurring Project Car Hell series of two rusting heaps advertised for sale in Piper, Missouri, United States (just outside Kansas City).
Project Car Hell, Bankruptcy Bundle Edition: Saab Sonett or Turbo Opel GT?

PCH_Sonett_OpelGT.jpg

Personally, I’d pick the Sonett, naturally.
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Finally (but not to be missed): The press is still reporting that someone is looking to buy Saab. It’s a little thin on content, but the fact that the rumors are still whirling says something.
I’ve said in the past that carmakers like Fiat and Peugot would be in the best position to gain simply because they still lack presence in North America and have weak sales in many parts of Northern Europe. Fiat seems to have taken the plunge with Chrysler. That leaves Peugot and a handful of more obscure marques as suitors. However, I wouldn’t count out Saab as an “investment only” play — having someone interested in Saab only as a business, not a car company, to profit from in the longer term of perhaps five or ten years.

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