Saab has "weeks" to live.

[Jesda]

http://jesda.com/2011/04/08/saab-has-weeks-to-live/
http://wheels.blogs.nytimes.com/2011/04 ... roduction/
http://www.saabsunited.com/2011/04/ams- ... nment.html

Cliffs:
--Saab can't pay its suppliers. Normal practice is for suppliers to be paid well after the parts have been shipped, but because Saab is a high risk, suppliers do not want to extend additional credit. Negotiations are in progress while production shuts down.
--A Russian billionaire named Vladimir Antonov wants to buy 30% of Saab and keep Saab and Spyker going.
--The feds were opposed to Antonov's investment in Saab during GM's reorganization because of accusations of laundering and other crimes, but the FBI cleared him. Now the Swedish government is dragging its feet.

If the Swedish government continues to stand in the way, Saab will be gone by summer.

[drksolest]

dang... I hope they pull through, the first stick i drove was a sabb

[IBCoupe]

Now what will ***holes buy?

[drksolest]

Subaru sti'z

[IBCoupe]

You mean the new Subaru Corolla?

[MinisterofDOOM]

You mean the new Subaru Corolla?

[Jookmasta]

i still am awestruck at the new impreza. the new corolla seems to have gotten better looking while the impreza went backwards?

[gwoods]

Now what will ***holes buy?

they will always have BMW and Audi?

I have a Saab tag line they can use for free in their adverts,

"every Saab owner has a sob story"

The ad can start with scripted interviews of real Saab owners telling about the time that their Saab caught on fire (93 turbo) or how it will not run if its raining outside ect ect lots of material here.

I just want to know where Saab will be buried so I don't piss on the wrong grave?

[Jesda]

Now what will ***holes buy?

That must be a New England thing.

Around here, they can choose between a four-ringed or propeller-badged chariot. For the a-hole with more expensive taste, the Hummer dealer closed but there's always the option of a GTR.

[Razi]

D:
Impreza.

[Jesda]

That looks like a shorter Accord

[driverdriver]

Personally, I've had enough of the Saab soap opera.

[Jesda]

If this thing with the Russian doesn't work out, I can imagine a private equity firm doing a strip and flip... if there's anything left to strip. I suspect gm is protective of its intellectual property.

[nissangirl74]

gm .......intellectual property.

contradiction in term

[Jesda]

Best engineers in the business.

























[Worst managers on the planet.]

[nissangirl74]

Best engineers in the business.












[Worst managers on the planet.]

Fact.

[s0m3th1ngAZ]

Well, duh.
Their cars suck and cost too much.

[seang]

Well, duh.
Their cars suck and cost too much.

That just perpetuates the idea that GM cars suck and cost too much.

[Mr1der]

Saab was to me, Volvo's reckless older brother.

does Spyker still own them?

[Jesda]

Yes, Spyker owns them. The Swedes let Vladimir loan the company $48 million through one of his banks, enough to continue production. They're "working on the paperwork" for the other 252 million.


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