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Car Forum / Saab Cars / March 2009BREAKING NEWS: SAAB files for bankruptcy. Asks government for help in making it an independent car company again.
http://www.nytimes.com/2009/02/21/business/worldbusiness/21saab.html?_r=1&hp Saab, the Swedish automaker owned by General Motors, filed for bankruptcy protection Friday and asked the Swedish government for help in making it an independent car company again. In article <727b0072-ba92-4bc6-86fa-a019f97ac784 @m40g2000yqh.googlegroups.com>, power@manlymail.net says... > http://www.nytimes.com/2009/02/21/business/worldbusiness/21saab.html?_r=1&hp > > Saab, the Swedish automaker owned by General Motors, filed for > bankruptcy protection Friday and asked the Swedish government for help > in making it an independent car company again. My next thought will be VAG buying it up, and Saab/Scania being re- united.  SignatureCarl Robson Get cashback on your purchases Topcashback http://www.TopCashBack.co.uk/skraggy_uk/ref/index.htm Greasypalm http://www.greasypalm.co.uk/r/?l=1006553 >> Saab, the Swedish automaker owned by General Motors, filed for >> bankruptcy protection Friday and asked the Swedish government for help >> in making it an independent car company again. >> > My next thought will be VAG buying it up, and Saab/Scania being re- > united. They're working on a plan to unite Saab with Opel and Vauxhall. Saab has applied for an investment loan from EIB.... Cheers! > >> Saab, the Swedish automaker owned by General Motors, filed for > >> bankruptcy protection Friday and asked the Swedish government for help [quoted text clipped - 8 lines] > > Cheers! I hope Saab would be the ruling partner in that Arrangement and choose the best advice from the other two. SignatureCarl Robson Get cashback on your purchases Topcashback http://www.TopCashBack.co.uk/skraggy_uk/ref/index.htm Greasypalm http://www.greasypalm.co.uk/r/?l=1006553 >>>> Saab, the Swedish automaker owned by General Motors, filed for >>>> bankruptcy protection Friday and asked the Swedish government for help [quoted text clipped - 10 lines] > I hope Saab would be the ruling partner in that Arrangement and choose > the best advice from the other two. I read that that the export and import of cars and parts are stopped. With Saab loss for 19 of the last 20 years, I'm surprised if anyone would pay to get it, and I doubt that it will be the leading anything. I'm worried if I will be able to get spareparts. Frustrated Balo <balohalo@online.no> gurgled happily, sounding much like they were saying: > I read that that the export and import of cars and parts are stopped. One minor supplier stopped supply for one day. www.saabsunited.com is about the best, most reliable, and most level headed news site at the mo. > Balo <balohalo@online.no> gurgled happily, sounding much like they were > saying: [quoted text clipped - 5 lines] > www.saabsunited.com is about the best, most reliable, and most level > headed news site at the mo. My understanding, reading swedish newspapers was: Swedish customs stopped all exports and imports due to SAAB was not able to pay customs. In addition one supplier stopped supply. GM has paid the 1,1 billion SEK bill, so operations could continue. Hope Saab can have a positive cash flow.... > With Saab loss for 19 of the last 20 years, I'm surprised if anyone would > pay to get it, and I doubt that it will be the leading anything. Rubbish! Saab made a plus, one of the years 2005 - 2007. Only reason for not showing in the books, was "transfer-pricing" from GM. Only Opel were suppossed to make a plus, which made GM take the plus and "give" it to Opel... Signaturehttp://www.rescue-saab.com/en http://www.saabklub.dk/ > > With Saab loss for 19 of the last 20 years, I'm surprised if anyone would > > pay to get it, and I doubt that it will be the leading anything. [quoted text clipped - 3 lines] > suppossed to make a plus, which made GM take the plus and "give" it to > Opel... But its no longer making a plus because no one is selling new cars. Total UK car sales have dropped by 30-40%, cars are left in fields, Honda UK plant is on 3 day week. In that situation, either every car maker can contract or some can go out of business. Since volume is necessary for economies of scale, and since cars are largely substitutable items, it will be the latter option, unfortunately. I will be sad to see Saab go, but they lack truly innovative and mouth watering cars while Vauxhall/Opel and Ford largely have entered their territory. |
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