I don’t want to tell a guy how to suck eggs, but I hope someone at Saab, probably at SaabUSA, is going to take the bull by the horns here and emphasise that Saab’s latest announcement is a good thing, not a bankruptcy.
I think that the US could probably help its own companies by taking the Chapter 11 proceedings out of their Bankruptcy Code and making them a set of separate corporate reconstruction laws on their own.
Examples:
Consumer Reports has virtually killed Saab with their reportage of the proceedings. A totally negative article.
Dave Thomas over at Kicking Tires took a much more responsible approach and his article gives a much better description of what’s really going on.
Yes, this is a stressing time and companies don’t do what Saab’s done because they’re healthy. But there’s a right way to cover it and then there’s the way Consumer Reports (and others, I’m sure) have done it.
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If you only read one article about Saab today, make sure it’s this one at The Truth About Cars.
It’s Gold.
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For those who might have missed the link, I participated in a live blog/chat about Saab at TTAC last night whilst JAJ was doing his press conference.
Tough work at 1am, but it worked out OK.
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And my own moment of Zen to add to Eggs’ collection from earlier.
I love my Monte, but lately I’ve been missing my Viggen more and more. It really was the pinnacle of that era.
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