The 2010 Saab 9-5 is so good that Henderson doesn’t want to let it go.

A story that’s just come to my attention from the Swedish newspaper, Expressen, states that GM’s new CEO, Fritz Henderson, is appearing reluctant to sell Saab, even preferring that they fail in their bankruptcy proceedings.
The reason?
Because the 2010 Saab 9-5 is apparently so good that Henderson wants to keep it!!
Martin B has sent through a translated summary of the original article:
According to Swedish newspaper Expressen, GM´s Hendersson prefers bankruptcy for Saab instead of selling Saab.
The new Saab 9-5 is too good. Therefore GM´s Fritz Hendersson hesitates to sell Saab.
– Fritz Henderson is very afraid to have the Saab as a competitor in the future,” says a source within General Motors.
-Geely has put a lot of effort in buying Saab, but Fritz prefers a Saab in bankruptcy
The new Saab 9-5 superior
Internal GM tests shows that the new 9-5 wins over the praised Opel Insignia.
– Even the Germans regards the 9-5 to be cooler and better than the Insignia, states Expressen´s source.
The Insignia top model – the Insignia OPC – has just been introduced to the market, and the Saab equivalent will be the 9-5 Aero. These two cars were recently tested at GM test track in Dudenhofen, and the 9-5 was a clear winner, which, according to the source frightened the GM staff.
Damn right it should frighten the GM staff!!
See what you’ve been missing all these years?
What this is saying, in essence, is that the new Saab 9-5 is so good that Fritz Henderson wants to find a way to keep it in the stable. Selling to a competitor means that they lose it all together.
The article also seems to point to the possibility of pointing Saab towards Fiat, where at least GM can retain a stake in that new entity.
Personally, I think it’s a little conspiritorial. I don’t think GM are that worried about having the 9-5 in someone else’s hands. At Saab’s volumes, it would be the last thing worrying them.
But it is kinda nice to think of Saab leaving a worrying former parent behind.
There’s also this in the sidebar:
This determines the future of Saab
GM bankruptcy
Much talk to General Motors out of business May 31. Then the Saab’s reorganization is strong to support Saab further until a buyer places a bid for the American manager.
Fritz Henderson
Unless the General Motors remission of debts in the region of SEK 10 billion to Saab’s new owners, there is no way anyone can afford to buy. Henderson can determine whether Saab will go bankrupt.
Fiat bid
There is a bid of Saab from Chinese Geely – but Henderson refuses to sell. Instead, Fiat’s purchase of GM Europe to be a way for Saab to get away. But then expect severe cuts and the likely merger with another brand – such as Opel or Alfa Romeo.

Thanks Martin!

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