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The Future of Saab?

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Comments

  • nippononlynippononly SF Bay AreaPosts: 12,669
    Saab still isn't permanently dead yet? Amazing.

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    edited April 2012
    Oh, different Youngman. No fiddling around this time?

    Youngman Makes Another Bid for Saab (Straightline)

    The bankruptcy court gave Saab six months to pay their bills. They couldn't. So the judge gave 'em another six months. /badda boom
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    edited June 2012
    "Bankrupt Saab has been sold to a Chinese-Swedish investment group that plans to make electric vehicles and focus on "future transportation solutions."

    The company "will start a new operation" to develop and produce electric cars, the administrator of the bankruptcy process said on Wednesday. No sale price was given for Saab. The new owners did not say how much they plan to invest in the Swedish automaker."

    Saab Sold, Will Concentrate on Production of Electric Cars (Inside Line)
  • fezofezo Posts: 9,195
    Don't suppose that will do anything for folks like my brother when he needs parts for his 2001 9-3 convertible....

    I see they are only buying parts of Saab - leaving things like the 9-5 and 9-4 with GM.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    edited June 2012
    GM wouldn't part with their technology behind the 9-4 and 9-5. They squashed one prior deal because of that.

    Sounds like there's still some jockeying going on over the rights to the Saab brand name.

    Some Swedish state that's owed money has interest in the spare parts business so tell your brother to brush up on his nusvenska.
  • fezofezo Posts: 9,195
    I suspect that before it comes to that he'll move on to something else though he does hang on to cars a long time.
  • harmiclirharmiclir Posts: 8
    Got in a fender-bender in my '03 9-3 two days ago. GEICO, which is a great company and has taken care of me for years, told me that within two years there will be no spare body parts for any Saab brands and that it can't guarantee that future repairs will be made.....our Saabs are probably worth more now for parts than as cars.

    Get out of your Saab while you still can. I love the Saab. It has very low mileage and I'd have been able to keep it for another ten years with some loving care. Not going to happen. Oh well.
  • robr2robr2 BostonPosts: 7,600
    Well Geico is wrong. SAAB Parts AB was independent of SAAB Cars AB. They were not part of the bankruptcy and are still in business.

    SAAB parts will be available for as long as it is financially feasible for SAAB Parts to be profitable making them. Further, there are plenty of aftermarket companies that make body and mechanical parts.
  • bachebache Posts: 1
    Do I have any recourse? My 2010 9-3 Saab was determined to be a Lemon but the Bankruptcy judge denied the claim. Since then the Engine lost compression with only 25k miles on the car. I still have 12 payments left on the lease.

    Does anybody have any ideas? Class action lawsuit?
  • robr2robr2 BostonPosts: 7,600
    Unfortunately, 2010+ SAABS were warrantied by SAAB US which of course is bankrupt. A class action suit would require multiple plaintiffs suing a company that doesn't exist anymore.

    I think you are out of luck.
  • harmiclirharmiclir Posts: 8
    Fine. You don't want to take my word or Geico's word for it then I suggest that you drive VERY carefully as long as you own your car because you will not be able to get it repaired in any reasonable period of time or for any reasonable cost. There is NOTHING profitable connected with Saab at this point. The only reason I have a new rear bumper is that another Saab was conveniently totaled the week before I brought it into a very well-regarded body shop.

    As to engine spare parts, who knows? Saabs are worth more "dead" than they are "alive" at this point. Whatever happens in China or with any relic of the old Saab is irrelevant to those of us who own, and love, a Saab.
  • texasestexases Posts: 5,424
    Well, it does look like GEICO is wrong. Read more here.
  • robr2robr2 BostonPosts: 7,600
    ...then I suggest that you drive VERY carefully as long as you own your car because you will not be able to get it repaired in any reasonable period of time or for any reasonable cost.

    No skin off my nose - I drive a VW.

    The only SAABs which may have an issue with parts availability is the new 95 and the 97. So few of those were made that body parts will be tough to find. Mechanical parts will be easier as they are basically GM.
  • harmiclirharmiclir Posts: 8
    seemed like considered opinions of Geico and my highly regarded body shop. You can accept it or ignore it. No skin off my nose, either.
  • nippononlynippononly SF Bay AreaPosts: 12,669
    I don't think I would make any more of those lease payments though. ;-)

    2013 Civic SI, 2009 Outback Sport 5-spd (stick)

  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    Maybe.

    Saab Deal Delayed (Straightline)
  • Whether this deal goes through or not will have no real effect on any of us. The "new" Saab is going to produce electric/hybrid cars for the domestic Chinese market.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    edited August 2012
    I dunno, there's still a lot of brand equity in the Saab name that could be put to use in the EU and in North America. I could see the name being licensed for another ICE model, maybe produced by a partner automaker if they convert the Trollhattan factory to nothing but EVs.

    Last I heard, the various parties were still fighting over rights to the brand name.

    And I understand that the Swedish government was taking over Saab Auto as a loan repayment, but I don't know if they get to keep the name either.
  • Stever@EdmundsStever@Edmunds YooperlandPosts: 38,946
    "Dutch company Spyker said it was suing General Motors for $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately driving Saab into bankruptcy by interfering with a planned deal with a Chinese investor."

    Spyker sues GM for $3 billion over Saab bankruptcy (Reuters)

    My guess is that Spyker wants to settle this fast in exchange for the use of some of GM's technology.
  • I wish I could have any confidence that this was going to "end well" for Saab but I think you are quite correct that all that is left of our beloved company is a carcass, otherwise known as the "nameplate." I don't believe that Spyker has any leverage with GM at all at this point and that GM has already written down its investment in Saab to zero and will flick Spyker aside like a flea.

    There is no value in Saab for US or European Saab-owners. Any "Saab" that exists, GM tech or none, will function only in China.

    Game over.
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