*UPDATE* Good news! Lawyer Rolf Åbjörnsson & Minister Annie Lööf speaks to Swedish Radio

Rolf Åbjörnsson says he has been approached by several interested parties. This has been told both to Swedish Government and the Saab Unions in Trollhättan. He could not say who the interested parties where. He sounded sincere and reasonable. Sounds like he will enter the stage when the bankruptcy has been properly filed and handled by the district court.
In my ears it sounded promising.
Keep calm and carry on! It is not completely over yet just new people…..
At 17:35 Annie Lööf on Swedish Radio confirms that there are interested parties who want to come into discussions with the people that will run the bankruptcy organization.

UPDATE* Rolf Åbjörnsson will most likely appear in the TV4 Morning Show. I had an interesting talk with him tonight. Guess he is now free to speak since the District Court in Vänersborg has filed and stamped the papers tonight. My guess is that we could very well have some breaking news tomorrow. Who are the present constellations with interest in Saab?

Kimberly
Member

I really doubt GM will approve any deal which would save SAAB.

mo
Member

Unfortunately I believe the same thing, but I’m not sure about what bankruptcy changes as a matter of law.

Niklas G
Member
Considering how much money Youngman was prepared to pay for a joint venture with Saab, and with legal firewalls + GM keeping them away from anything GM, If they (and anyone else interested) get a new chance to buy non-GM parts of Saab with no strings attached, no debts, no GM or EIB killing every new business opportunity that appears, then why shouldn’t not someone see a good business opportunity there? A Chinese company buying everything not GM, spending whatever needed for completing a Phoenix platform, NG 9-3, and/or 9-5 with no GM inside, perhaps even offering to keep the… Read more »
Quixcube
Member

The only “good news” I can imagine coming out of this is that the current models are not likely to ever be produced again. And that is “good” only because it means that if anything ever happens at Saab again, it will be entirely focused on new 100% Saab models. A mighty big “if” but that’s just how it goes sometimes I guess.

On a separate note, I am truly sorry for everyone who will be out of work regardless of what happens next 🙁 God bless you all and the best of luck to everyone.

Niklas G
Member

Parts of Saab Automobile surviving is still a lot better than all of Saab Automobile being dead and buried. It certainly would be a big shame if the NG 9-5 is killed here, but if it is, most people here would probably still do anything to save everything that possibluy can be saved from this bancruptcy.

A big tragedy for all the employees though. loosing their jobs probably takes most of the fun away from finally getting their November and December salaries.

mattlach
Member
I see where you are coming from, but let me just say this. I am the happy owner of a 2011 9-5 Turbo 4 Premium (6 spd manual, technical package). I upgraded from my 2004 Aero last June because it was starting to feel a little tired and creaky with lots of milage on it, because I couldn’t see myself driving any other brand of car currently out there, because I felt Saab needed some support in its hard times and because I could. This thing surprises me every day in how great a vehicle it is. it is both… Read more »
saabista63
Member

Nine lives? Or is it ten?
It is hard to believe there is still another possibility – but well, let’s see what they are heading for.
And then, it’s still just Monday. There are four more days till Christmas Eve.

AngryEngineer
Member

Are the interested parties interested in starting up production of Saabs or…?

Greg Abbott
Member

Let’s hope these interested parties move quickly. At this late point Saab’s remaining life as a viable business is measured in days, if not hours.

scmit02
Member

This wouldn’t be a GM approval situation. I don’t know Swedish law, but I think all contracts become null and would have to be renegotiated.

Personal feeling is any interested party would be interested in Phoenix, the new 9-3 and some of the new, GM free tech, oh and the plant/distribution network. This party, again purely my opinion, would have to be a car company that could replace GM tech with their own. Perhaps BMW could get GM to agree to licensing, since they are partnering in some aspects already.

saabyurk
Member

I would be fine with someone continuing with just the Phoenix, GM-free. But, I wonder if there would be a way to keep the dealership network at least partially alive in the meantime?

spacy
Guest

If Pang da have a title/charge to Saab GB, then they are not moving to quick to say so.
Now Saab has gone this route it can be only weeks before the GB arm is wound down too.

meg haviland
Member
Keeping fingers crossed! You go Rolf!! Time to get GM to approve whatever is in the pipeline. Don’t they realize that it’s also their reputation on the line??? What about their lack of holding up to their end supplying parts for the pre-deal on 09 Saabs and back….competition is a good thing. Without it there’s no reason to improve, but to fall back into mediocrity. That’s what put them into having the US bail them out…. Thinks about it GM, RELEASE SAAB. Griffin up. My thoughts and prayers go out to those in TH and their families in these trying… Read more »
GerritN
Member
I don’t think that GM cares at all what happens to Saab. They have written off their investment 2 years ago already, the only reason for their continuing involvement with Saab was to make sure that their IP and market share was protected. GM just doesn’t want to be bothered with Saab again, they want to make a zero time investment and the easiest way to accomplish this is to say no to everything that Saab can come up with. Am I surprised, No! Am I angry with GM, No, what’s the point? Will I buy a GM product in… Read more »
kochje
Member

you are so right,GerritN

simonswisssaab
Member

Somebody or somebodies will pick up Saab for £1.00. We will learn very soon. Saab a new beginning – Yes!

Peter Gilbert
Member

I’ll gladly pay $20!

Radu
Member

Let’s wait! It is not over yet! Not until anyone sais no Saab will further be produced! Perhaps now is time to go to new platform and forget about GM! My feeling is that this is done intentionally to get rid of GM who might loose interest in the licenses – they will not be worth anything in the near future! Who knows who comes across the corner!

TurboLamko
Member

+++1

CSD_ChineseSaabDriver
Member

“My feeling is that this is done intentionally to get rid of GM who might loose interest in the licenses – they will not be worth anything in the near future! Who knows who comes across the corner!”

Exactly my feeling too, I suspect this bankruptcy is just a complot of Swe.Gov (GL) to get VM down, then restart Saab, they also care about all those direct and indirect jobs.

pako GREEN
Member
Radu I hope that you are right that “this is done intentionally to get rid of GM” They are acting like spoilt american brats, they are “Gutless Morons,” better off without such a big company. It is so sad that they feel such a big threat by such a small company. Is is because that the tech that they are so strongly guarding was created by SAAB anyway. Are they scared of the best SAAB cars being created again, starting with the Spyker Scania Phoenix platform scalable from 9-1 all the way to 9-7? All their reactions suggest so, I… Read more »
davidgmills
Member
Wait till all the Swedish car companies are owned by the Chinese. I wonder how many Volvo parts are now being made by the Chinese. At least GM allowed Saab to use European parts. The Chinese just want to sell their products made in China to Europe. If the Chinese have to put a European name on it so the car will sell, if they can make the car with 80% Chinese parts, they don’t care. Here in America we have all kinds of products with European or American sounding names that are made in China. Most of our products… Read more »
Niklas G
Member
This is also what VM & Guys said in that recorded telephone call here at SU. VM said that the Swedish law, contrary to the law in other countries he knew of, allows companies that are in bankrupcy to be revived and that there were a number of parties who had shown interest in continuing Saab through a bankruptcy. Then another guy at Saab filled in that, as he had understood the Swedish bancrupcy laws, the new administrator’s first priority in any bankrupcy case will ALWAYS be to seek a buyer for the whole entity rather than to sell out… Read more »
hilmar
Member

Well, wait and see … the game of chess isn´t over yet.

Radu
Member

I think is the right moment to get rid of GM! Tough but good moment! Let’s not forhet there are still great people in Trollhathan that know how to build cars! Keep calm and carry on!

Peter, Sweden
Member

This really is good and exciting news, but one can wonder why these companies wants to talk about these things now — their money could’ve come to good use earlier on.

Bravada from GMI
Member
I do believe there are always many interested parties when a bunch of assets are to be sold for pennies, but this doesn’t always mean any of those parties are interested in restarting Saab. On the one hand, restarting Saab without the debt burden and all the obligations, by simply buying out selected assets, would open up options Saab didn’t have before. On the other, this is buying a car company that essentially has no product to build for the coming two or more years. I believe it is more about parties interested in selected assets for their particular interests.… Read more »
Pedro
Member

Yep, agreed.

Peter, Sweden
Member

What if all people who like Saab at Facebook would invest €1000 in Saab? It’d be a nice start, and would also give Saab amazing PR. And there is no any other company better suited to be owned by its own fan community 🙂

I’m in!

Swizzy
Member

Me too!!!

Nicolas
Member

Is such idea a possibility? I was considering he sdame thing but as SU told me before Saab will not accept money from gifts.
I really would donate, but we need a hell of a lot of people waning to invest/donate.
Crazy idea?

lilla
Guest

I like crazy ideas! If it helps, we should do it..

Marque
Member
Would need to do something similar I guess. Although, I’m not on facebook and I think, by €100 a much broader pubilc can be addressed. However, to raise a sum of eg. €100m, we would still need 1million people to contribute. I think to rake up that amount of people that actually pay, it would be an enormous job to do. In 2009, the Germany-based assiciation, Rescue Saab could gather less than 20,000 people to sign their petition during a reasonable timeframe. According to them, there were 1.5million Saabs owned around the globe. We can’t get every second Saab driver… Read more »
meg haviland
Member

Said the same thing on the blog of the 9-4x auction from WGBH.
I’m in!!

kochje
Member

I did already the investment a while ago in SWAN; did all Saab addicts follow; no, not at all.
So this is not a serious attempt to save our beloved branche.

saabdog
Member

I think this is the moment a number of interested parties have been waiting for. Bankruptcy gives them the opportunity to pick up Saab cheaply with little or no strings attached to GM. Also wouldn’t be surprised to see a new suitor emerge very soon.

Chris Hansel
Member

I never doubted it for a minute. Someone would want that brand name with as many world-wide followers. As VM said in his Tim interview however, half a million Euros to re-start. I don’t see anyone going that route. I think the other poster is right, all agreements with GM are now in legal limbo until the Swedesh governement, via the courts, mades a determination.

Bravada from GMI
Member

I believe with a very fast-track approach, a current-9-3-based vehicle (Phoenix-based if you please) could perhaps be launched within 18 months of injection of significant funds.

Trying to keep the entire organism from decomposing until then would require paramount determination and rather massive funding, but I could still see it as possible, given how MGs are being assembled in Longbridge so many years after the Rover collapse.

I only wonder whether Rachel Pang has given up definitely.

Saabissimo
Member

Rolf Abjornsson has been circling around the wounded griffin many months waiting for it to finally fall, all the time publicly pushing for bankruptcy as the best solution and taunting his old foe Lofalk and his reorganisation efforts.

So I’m not surprised he is popping up in media again today.

aop
Member

exactly , he was preaching the bankruptcy solution for Saab form months now.
He’s just trying to make a buck out of Saab bankruptcy , I wouldn’t put too much trust in it.

jond
Member
The bankruptcy should mean that the Company can be sold by the receivers as a going concern completely free of all debts and other obligations. That is bad news for the suppliers, who are owed money, and SweGov, SWAN and GM. The problem appears on the surface to have been GM’s intransigence, but actually is really down to the huge losses built up over the last two years, which had left crippling debts to be covered by any buyer of the Company. Now these latter can acquire the Company and be free of those debts and minority interests and that… Read more »
quickbird
Member

From a Chinese news, it seems YM is very happy with what it get. YM get the Phoenix platform technology and set up the company “SaabAutomobile Development AB”. They said they would continuous inject money to SaabAutomobile Development AB for the development of 91 to 97 model. They didn’t mention they would buy Saab as a whole, but they did interest in Saab Powertrain and Saab R&D center…

TurboLamko
Member

SAAB UP!
Griffin UP!

scmit02
Member

I think at this point you are getting an existing company with R&D, employees (not all will stay though the process), operations, etc for a discounted price that could be less than starting from scratch.

jond
Member

And an international brand. Even if they don’t get to use the Saab name, everyone will know that the cars they start to produce are true Saabs.

belgian_roadster from Eupen, DG
Member
Has anyone ever thought of this being VM latest plan? VM tried and tried to find a solution without hurting the brand name with a bankrupcy fill. He wanted to do it in a smooth way, like Volvo, Ford and Geely. But all efforts were pulled down by GM. So no other way than bankrupcy. Everyone is learning about this particular swedisch law now, and if it’s true that all binding contracts, debts, EIB etc etc are canceled, then SAAB is a free company….of course, a company that can no more produce cars, because they do not have the rights… Read more »
aop
Member

VM is not done yet !
I guess we will be back on the upper rollercoaster ride before Christmas.
Saab Up!

scand
Member

He, and swans contribution to Saab are legally done as of when the court accepted the bankruptcy petition.

The current “CEO” , such as it is , is the administrator .

richard
Member
This was my thought as well. This is VM’s backup plan B, or is it C? It is obviously not the best option, but the last option that allows Saab to be released from debt (assuming the conjecture here is the legal truth in Sweden) and that any IP agreements with GM are either re-negotiable, null and void, or not a concern if Saab restarts production in the future with their new platform. VM is nothing if not methodical about contingencies. It sounds like the bankruptcy process in Sweden is geared towards keeping the company intact if investment can be… Read more »
Uddo
Member

VM to the news agency TT
“I estimate that as many as 50-75 interested parties have contacted the Swan on Saab during the past nine months.
– Of these, perhaps five were serious.”

gannet
Member
I think there is more emotions than brain. of course there are interested parties. But why now, not months ago – didn’t they know about Saab back then? of course they did, observing, waiting. Vultures. There is factory, properties, machinery, tools, all sort of things that will be for sale soon. Buy dead, split, sell with profit – common business. If there is someone interested in Saab now (hours after bankrupcy – what a rush to be first in line), they are not interested in car production. Get real. If they would be, they would do it months ago. I… Read more »
kochje
Member

+1

CSD_ChineseSaabDriver
Member
As I said yesterday bankruptcy does not automatically mean the end of Saab. Saab will certainly live for a long long time, it is just unimaginable that such a beauty brank would disappear. I was pretty calm to the filing of bankruptcy, and I am still very positive about the future of Saab. It is great news that other parties are now showing up, I think Saab will become the real Saab again with the new investment on the Phoenix, kick GM out, completely. My guess: Volvo might take over Saab. Or BAIC (which already got the old 93/95). Of… Read more »
FB
Member

My guess: Peugeot/Citroën

Tone
Member

I’d like to see someone like Mahindra & Mahindra buy Saab. After all, I think many people would feel more comfortable with an Indian company buying Saab than a Chinese company, and Tata have done an excellent job with Jaguar and Land Rover. M&M are also only into SUVs and pick-up trucks at the moment, and they bought SsangYong a while back … on paper, it makes sense.

Mandy
Member
Hopefully some chinese company (preferable the ones we already know) will buy the “former” Saab factory from the bankruptcy division, not using anything GM nor the name, but building it’s own new brand on own platform, own tools, parts etc. Could it be named Griffin maybe? Or Victory? And the first models could called Griffin or Victory United, Griffin or Victory Revenge or the like. The people are there, knowledge, expertise is there, techinicians are there. And as somebody suggested, maybe building wind mills or something else until the car assembly is up and running in Trollhattan whatever time that… Read more »
saaburban
Member
Conclusions…. on buying Saab in a bankrupt state. 1. Who got money to buy: the chinese 2. Who got NDRC blessing to buy: Youngman (Pangda) 3. Why do they want to buy: branding & knowhow 4. What do they need to create 3 new models: First: R&D Second: Production in China & Sweden Third: Marketing & dealer network in the world & china Conclusion:Ym buys bankrupt saab, starts R&D immediately, waits 2 years to start production in sweden & china, negotiate right to use Saab brand, developes 3 new attractive models with competitive price, gets new and old dealers to… Read more »
CSD_ChineseSaabDriver
Member

Good points. Hope this time it really comes true.

SAAB, MY LOVE

Iiari
Member
Interesting analysis… First of all, to preface, I’m not holding on to any hope anymore. I’m tired of announcements of “interest” and “inquiring parties.” As far as I’m emotionally concerned, Saab died today. If anything substantial happens, then great. But I’m not latching on to any more vague statements… That said, your analysis IS interesting. I’ve said for months now (look back at my comments) that Saab would best be purchased as a “dead” automaker for 1-2 years, mothballing the factory, not paying workers, and ditching all the GM IP. The current 9-3 apparently barely breaks even, and the 9-5… Read more »
nichell
Guest

I think BMW could pick up the remains, like they did with the BMC Mini. They can then turn around and build another mini, …say the Saab 900 Mini, with a 900 mini retro look. They will then have expanded their line-up. Definite possibility. …Vagabond Christmas 2011wish.

gannet
Member

BMW got Mini and Rolls-Royce to get market segments, they did not have.
completely different story. Saab would fire into their own territory. Pointless for them.
Beside, they do not have front drive platform Saab could use.
building 9-5 on 5er/7er platform would be crazy – it would be awful bastard.
9-3 on 3er platform? same.

Plus they still remember painful and costly experience with Rover.
I would bet nobody even thinks about Saab at the moment in Munich.

(I got BMW 5combi recently – when I saw waiting for 9-5combi would be like waiting for Godot)

nichell
Guest

Congratulations on your BMW 5 Combi purchase Gannet. Did you buy it ‘new’ or used? Interesting…good luck. My Grundig Satelit 650 doesn’t work.

gannet
Member

I dont understand how bankruptcy “cuts” strings with GM. how? all cars that could Saab make at the moment is GM based. And it really does not matter if it is 40%, 30% or 65% of parts and components. Saab, even bought by anyone, cannot live without GM.
Catch 22. Totally.
And thinking, that any investor will wait for years before first nonGM based Saab will be ready for customer, is crazy.
GM is in charge, holding all the cards, even now. Sad.

I wonder if they planned this even 2 years ago, I would not be surprised.

spacy
Guest

I read earlier today on SU, that the new Phoenix platform is still based on 50% GM technology

Smithy
Member

And I read somewhere that it was only about 10 to 15 %…

Polle
Member

As I understood, it uses 10% GM parts, not technology

Red J
Member

terry, the new 9-3 would use 55% GM parts not the platform. And the 10% – 15% GM tech, as explained by VM today, could be changed to a non GM tech. I t is only a question of money.

CSD_ChineseSaabDriver
Member

And I really want to say:

Deep respect for Victor Muller, he did his best, and in my book he is a great business man, I wish he will have again a great role in the new Saab.

I also have great respect for Youngman, they did their best, they trust in Saab, but GM is a su.cker.

saabserb
Member

In his latest article Jonas Froberg mentions a company from Turkey interested in buying whole SAAB:

http://www.svd.se/naringsliv/saabanalys-jonas-froberg_6720401.svd

kochje
Member

I am really dissapointed that now new contacts do show up.
Why?, just to take up the good and interesting pats at an affordable price?
They should have come earlier in order to continue the existing conmpany.
What about the employees, the dealers and all that are directly involved in working with Saab?
It might well be that parts will continue but we should have had peope with the guts to save the company as it was.
Unrealistic?, why?

CSD_ChineseSaabDriver
Member

I doubt GM will then say YES to them

kochje
Member

I agree with you; GM will just always say NO.
Whatever party will present itself; they will always hit the concrete GM wall.

Saabman
Member
This is my first post on here, although I have read plenty of posts. I have worked for Saab GB for many years and today was a disaster. 20 of the most experienced hard working Saab GB employees were made redundant (me included) and there are only 6 people left. Whatever happens to Saab in Sweden the brand impact has been reduced to next to nothing. We blame many people and feel very let down but I can’t see past the Swedish government. If they had put together a more supportive deal two years ago GM would not have been… Read more »
kochje
Member

I feel sorry for you and the other Saab UK employees, like all other dealerships arround the word which need to lay off people now.
I agree however with you for 100% that I cannot understand that a government of such a devellopped country in Europe did let go down one of his most iconic industries.

CSD_ChineseSaabDriver
Member
My God, Rachel Pang gave an interview to Chinese media today, she is pretty positive about producing Saab new cars, she also talked about the newly established JV with Saab: Saab Automobile Development AB Chinese http://auto.163.com/11/1219/19/7LLLK9N300084TV0.html GoogleT: Young car: Investment unscathed development platform based on Saab 2011-12-19 19:27:55 Source: Netease car integrated with 0 in cell phone to read news Pangcai Ping said the funds invested part of the development is for the establishment of the Swedish Saab company, other investment funds in exchange for the technology. Young people have successfully purchased the Swedish car brand new Saab platform technology… Read more »
CSD_ChineseSaabDriver
Member

This is a summary page about Saab

http://auto.163.com/special/bankruptcysaab/?ewai

hilmar
Member

I try to understand – this will be the way out of this mess ?! If it comes true it will be a terrific move ! 🙂

GerritN
Member

Aaaaaaah, no more Google translate pleeeeez!
Can a human please translate and make sense of this? Looks like there is a lot of info there but it is just turned into googlygrok.

Allan B
Member

I can only half understand the story posted by CSD, but it sounds like a pretty major newsflash. SU what do you make of this?

CSD_ChineseSaabDriver
Member

OK, I only translate the most important messages in this interview given by Rachel Pang today after Saab filling bankruptcy:

1. Rachel Pang is already in China, with the Phoenix platform technology which YM has paid for.
2. YM did their best for Saab, but GM always says No, so they had no more choice but to give up.
3. YM has already set up a JV with Saab, the Saab Automobile Development AB, based in Sweden.
4. YM’s next step is to start Saab Automobile Development AB, and let this JV (in Sweden) to develop the new 91、92、93、94、95、96、97.

hilmar
Member

Wow ! 🙂

quickbird
Member

Don’t think this really works. Even YM build some cars based on Phoenix, it is a YM car, not the original Saab from Sweden. like the car build by BAIC…

Really hope some company can buy SAAB as a whole instead chopping it into several pieces and buy part by part….

spacy
Guest

Response:

1. Youngman have not paid 70mil euro in full….
not to Saab directly, but some to Swan JV and only for a ‘shared’ use agreement?

2. Agree

3. YM has not set a JV with Saab automobiles, but with Swan. Any agreement that was with Saab, is now gone with bankruptcy.

4. As 3.

quickbird
Member

3 really means YM will invest new money to Saab Automobile Development AB and give the Phoenix technology to the JV for developing the 91-97 model. This has nothing related to SAAB anymore. It is just YM’s act.
Thus even the car developed by the JV, it is not Saab, it is just a car from YM, like the car build by BAIC…

skwdenyer
Member
Without the benefit of being able to read Chinese… the implications of this are: a) YM already have sufficient Phoenix data with which to develop a new car; b) YM already have a JV company with SWAN; c) YM are proposing to invest assets (the Phoenix data) and money in a R&D operation in Sweden to take forward the Phoenix designs. This poses as many questions as it answers. Re the JV, this is what was written by Saab: Zeewolde, The Netherlands, 12 September 2011 – Swedish Automobile N.V. (Swan) announces that Saab Automobile AB (Saab Automobile) signed a technology… Read more »
quickbird
Member

You are right. YM is very happy what they got now. It is Swedish Saab Automobile Development AB.

But it is nothing related to Saab. The car they build is like another car built by BAIC.
Our Saab is dead if nobody come and take over it by a whole in the next several days.

CSD_ChineseSaabDriver
Member

Yes you are right, thanks for making it more clear

ivo 71
Member

SWAN hasn’r declared bankruptcy or insolvency yet.

Ivo

Allan B
Member

Thanks for that, CSD. Come on, SU insiders!

Det finns någonting i görningen, eller hur?

Niklas G
Member
Gosh, sometimes it sounds like different parties is living on different planets. Youngman believes that they have already bought the Phoenix platform and will go on developing new cars based on it? Not a word about any such possibilities from Muller in all the interviews about the bancruptcy. In the TV news today it was also mentioned some rumours that (parts of?) the new technology had been moved to some company in the netherlands and the expert asked about this said that if true, it depended on the circumstances whether it was legal or not. But as always, it’s just… Read more »
scand
Member

Are they basically saying, they don’t really care that it went bust, because they have all the platform IP in China already?

CSD_ChineseSaabDriver
Member

Not true, see my above summary. YM really did their best for 8 months day in day out, not only for the Phoenix but the complete SAAB because they believe in SAAB.

ArchDandy
Member
I am a realist and I still belive in Saab in the future and I hope that the liquidator understand the potential in Saab Automobile. And I think this is great news. There are some people in the world with a lot of money and are like us, Saabfanatics. They want´s to invest and develop Saab. The game is not over, it´s just a beginning but what is the name of this game? We will know soon. I just feel it, my feelings tells me that there´s are some solution and that´s why I am calm right know. I cannot… Read more »
nichell
Guest

Wonder how Geely was able to buy Volvo. I guess Volvo didn’t have any Ford technology. Hmmm interesting..

gannet
Member

Ford did not mind, GM did mind. Painfuly simple.

Ford did not mind to sell Jag to India either.

If GM had Jag, I quess they would rather kill it than sell it. I do not understand how GM can be the biggest car manufacturer in the world with such policy about they brands. They close brands like “click” – e.g. Oldsmobile (oldest they had).

nichell
Guest

GM , better known as Government Motors, was destined for the automotive scrap heap and would be there now, but they were given a new life, courtesy of the American taxpayers, specifically the Government, the Obama administration and are now partly owned by the Unions. They were a very badly managed company and did not know how to turn a profit without Government help.

saabdog
Member

They won’t be the biggest for much longer. What goes around, comes around.

davidgmills
Member
Unlike Saab, both Volvo and Jaguar had their own look and feel that were quite different from Ford. Ford of Europe was not putting Volvo and Jaguar badges on their cars and selling them. GM basically over twenty years had merged and integrated Saab with Opel and GM America in terms of platforms, engines, and looks etc. Ford didn’t have Volvo or Jaguar anywhere near as long as GM had Volvo or Volvo and Jaguar would have become integrated into Ford and eventually become Ford clones. So GM was in a much different spot when it came to selling Saab… Read more »
Baver
Member

That may be true, but why didn’t they, GM, give a crap about selling all of their precious IP to China with the failed Hummer sale? The Hummer H3 had a OG Saab dashboard in it.

sa10
Member

During of bankruptcy most promising assets will transferred to the new SAAB (SAAB-PhoeniX) and a year later, we are able to buy a new saab
Skeptics should look at this: http://www.youtube.com/watch?v=Ps0DSihggio
By this time, GM and many others will go bankrupt, financial crisis is over.
And all will be happy to buy new saab 🙂

hilmar
Member

The “New Saab” is born – or do I misunderstand anything ?

Mike Wray
Member

Really hope that something can be done with someone stepping in to buy the company and ridding the brand of its GM ties, but echo the great many other comments on here that my thoughts are also with all those who have not been paid – I really hope they get some good news out of all of this.

JoPlSe
Member

Seriously, what are the options? Does anyone have any idea which companies that are interested and strong enough to go through with such a deal? BMW, Audi, VW, a Japanese brand?…….. If it is a substantial competitor to GM then GM may just close the door once again.

spacy
Guest

Only if they [whoever they are] need/use GM IP/parts bin

kochje
Member

Just ignore GM as of now, hope at the end they will feel what is is to be thrown away.

TurboLamko
Member

I believe it’s time to arrange the SAVE SAAB convoy again like 2 years ago to show support for Saab and show that we want them to stay alive!! And that we enthusiasts won’t give up so easily!! SPREAD IT!!

Saabman
Member

Saab has gone, all that remains are people who live in cookoo land! Did you listen to the market call that was posted on here? Knut simonson wishing everybody happy christmas when we are being made redundant….. Too many people is Sweden live in a bubble. He said we will have a call next week, not with us because we are not there anymore…. OUT OF TOUCH…

TurboLamko
Member

Not giving up so easily! Always worth a try though…

kochje
Member

But so do it in front of the Swedish embassies so the government of Sweden gets blamed of not having thrown the rescue line on time.

Marque
Member
+1 SweGov really should get its portion finally. Imagine thousands of Saabs circling around Swe parliament, and Swe embassies around the world. That would make a statement and would cost us nearly nothing. I bet Swegov would hardly like the situation to be pulled into the center of the world’s attention – especially being so in a negative context! At least they deserve it for their neglectful approach, to say the least, but harmful may be more appropriate. We may have to act until it’s not too late. If Saab’s gone for good, then it is very very late to… Read more »
Nate 9-3
Member

Sounds like a great idea to me. This idea has traction.

TurboLamko
Member

Then we have to spread it fast!

Jelmer
Member

I agree, verry good idea! And if thats not working block the Orsund bride Kopenhagen Malmo with Saabs

Marque
Member

I hope you are not being serious about the bridge blocking. But then I also hope you’re not making fun of the situation. That would be very disappointing.

spacy
Guest
In the UK, when the then Labour Goverment went to the Vauxhall Plant in Luton praising them & patting on their back. Meanwhile, up in Birmingham the LDV van plant was seeking some Goverment help or Bankruptcy. The Labour Goverment helped Vauxhall but not LDV. LDV when up the wall, the UK last specialist van maker’s production line , etc, all went like all the others today, to China. The workers & people of Birmingham, were not very happy…..and said to the then business minister [now; Lord MANDELSON] ‘You [the Goverment] wait, we Will remember this when the General elections… Read more »
zippy
Member
I have been trying to ignore this whole situation all day as I have an important job interview tomorrow but my whole take is that GM sold Saab to Muller knowing full well that the company would not survive more than 18 months therefore absolving themselves of any blame when the proverbial you know what hit the fan a second time. The SweGov sat back and did sweet FA to even attempt to help Saab unlike the US government which saved GM from certain closure. All I can say is I am sure GM has its (lame) reasons for wanting… Read more »
Marque
Member

We all do.
In the meantime, break a leg for tomorrow!

TurboLamko
Member

I am gonna pray for Saab as far as possible!!

Baver
Member

Well said. Good luck on the interview!

MarkS
Member

I still have a glimmer of hope!

Mark
Member

Hold on to that hope. Somehow I don’t think Saab has quite used up all of it’s nine lives just yet.

Mark
Member

My gut feeling has always been that Saab would survive. Perhaps it will in a slightly different form?

BTW Arild has done a terrific summing up of GM on Life with Saab: http://www.lifewithsaab.com/

It sums up a lot of things I have written myself at SaabsUnited and TrollhattanSaab over the years, both in comments and a couple of articles I managed to write.

This is not the end folks, I’m sure. A new beginning perhaps?

Cowboy Up!

TurboLamko
Member

+1

Angelo V.
Member
I hope the name survives. For several years now, I’ve been of the opinion that the future for Saab is in lower priced cars with less content. Less expensive cars, perhaps a smaller hatchback—-frankly, less technology, not more. Cars that might match Volkswagen’s range, or Mazda’s, or Subaru’s. If Saab (at least the name) survives, hopefully the U.S. and other nations’ dealer networks will mostly stay intact—-and as soon as possible, a couple new models will be offered. Maybe they can be rebadged existing cars to bridge the gap until something newer and more genuine is designed. What’s Daewoo doing… Read more »
Mark
Member

Daewoo is GM Korea and only uses the Daewoo brand in Korea now. It makes cars like the Chevrolet Cruze for many other markets.

TurboLamko
Member
Johnaaj
Member

…and Saab’s friend Bård Eker and Koenigsegg is interested again.
Look at this published in Norwegain newspapers today (in Norwegain):
http://www.dn.no/dnBil/article2295423.ece

TurboLamko
Member

That would be very nice if they could save SAAB 😀

Jarkko
Member

I have always thought that Fiat should purchase Saab. They have very poor sales in the Northern part of Europe (as I guess Saab sells poorly in South). Also Alfa is marginal up here – and Lancia don’t exist. My reasoning would be a Alfa based Saab. Why not?

Or Nissan/Renaul? Now that Renault don’t work with Volvo in the Nordics anymore. A premium brand for both companies.

Any hope?

Red J
Member

Jarkko, Italy and Spain have been good markets for Saab, even bleeding Greece and Portugal. 😉

And regarding an Saab based Alfa Romeo, the last thing I’ve read is that AR will be restarted form 2013 on with RWD Chrysler platforms.

Daniel B
Member

Holding on to a straw that CJ and his group still might be interested in Saab. I always felt that they had the knowledge and experience to make Saab work again.
/Daniel

TurboLamko
Member

Is there any chance that CJ/Merbanco is intrested again? Hope that!

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