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Just wait for the Chinese to be ticked off enough at this to just seize GM's portion of their joint venture in China - the one that sells more cars than GM does here.....
NOw, in more actual reality I suppose this means the death of Saab has arrived.
"The company has been on life support the past nine months, and in the third quarter the company manufactured only 130 and sold 1,235 cars.
So why have media kept reporting about Saab Auto, one may rightfully ask? The reason is that somehow, this quirky little car brand with its few, but fiercely loyal enthusiasts, has been a source of great affection, nostalgia and Swedish nationalism."
Watch for the name to survive though; someone will bid for the brand and whatever assets get sold.
Saab Bankruptcy: What Does It Really Mean? (WSJ)
One more for the no-GM-ever-again brigade. And my family were GM people going back aways
Imagine having a competitor come after you with your own technology.
At least in North America, the courts would be a little more sympathetic to a technology theft lawsuit.
General Motors To Honor Some Saab Warranties...Because They Have to
Wonder how many sudden acceleration cases popped up when people couldn't find the ignition switch?
And Vonnegut ran a Saab dealership. That's a bit bizarre.
What Saab had, and still has to a remarkable degree, is a core of super loyal owners and fans. The problem is that core is too small to achieve the economies of scale required to be competitive today. GM's plan to address that by sharing platforms and components with Opel was reasonable, and might have worked, if executed differently. I think the main problem was that GM execs didn't understand Saab well enough. They understood Saab's uniqueness conceptually, as in an MBA case study, but that level of understanding was too superficial to introduce models that would continue to appeal to Saab loyalists, and to expand the base of ownership. That's too bad, but the marketplace has rendered the final verdict.
One thing that can be said about Saab is that if there was ever a car brand with nine lives, Saab was that brand.
The problem with those owners is that most were loyal owners and fans of pre-owned Saabs. Although they were huge supporters, even they knew not to buy a new Saab.
Saab may never build another car, but name will live on (USA Today)
And this is a bad thing? :confuse:
"Even though the company entered bankruptcy protection late last year and has largely ceased operations, its cars still have a following of clubs and enthusiastic individual owners. A lot of these folks are planning to meet at dealerships, mechanic shops, restaurants and other spots today, tomorrow and next weekend in what could be a final show of support for Saab before the lights go out for good."
Saab Owners Still Rallying To Support Brand (WSJ)
They wouldn't reveal how many bidders remained in the race Tuesday or when proceedings are expected to be concluded."
Saab's assets are too small to cover debts (Detroit News)
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
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
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)
I see they are only buying parts of Saab - leaving things like the 9-5 and 9-4 with GM.
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.
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.
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.
Does anybody have any ideas? Class action lawsuit?
I think you are out of luck.
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.
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.
2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)
Saab Deal Delayed (Straightline)
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.
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.
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.