When will Saab officially die? Take a guess. Win a prize.

[Jesda]

http://jesda.com/2011/09/07/saab-files- ... anization/

This voluntary reorganization will take 2-3 months, and then after that, I give Saab a month. Funding from Chinese investors, currently tied up in red tape, probably won't show up in time to save the company. The only negative for GM is that Saab is still its largest single customer.


I'm going to predict Saab's death for the week of Christmas 2011.


Anyone who guesses the death date correctly [accurate within 7 days] will receive something stupid in the mail from me.

[tiger-SE-R]

I'll take a guess

I say the second week of January 2012

[sx moneypit]

First week of March 2012.

[Jesda]

Someone will have to remind me to check this thread when it happens.

[dre1507]

I'm going to say The first week of January 2012.

[OriginalWheelman]

I say it falls before the reorganization is finished.

Also, I just learned what vapid means.

[gwoods]

didnt Saab die years ago?

[Jesda]

didnt Saab die years ago?

Spiritually.

[Kompresshun]

I say October 13th, just because it's my birthday and i'd like to win something.

[dre1507]

Ever enjoyed a birthday that fell on a Friday? Lol.

[Kompresshun]

Ever enjoyed a birthday that fell on a Friday? Lol.

Happened 5 years ago, nothing unusual that I recall. That year in general sucked for me, but there wasn't anything special about the day

My mom always had bad luck though, which I assume was due to fact that she was born on Friday the 13th at 3:13 in the morning(I s*** you not)

[Bubba1]

Considering they just introduced 2 new models, I would think they'll make it until at least February 2012. What's my prize when I win?

(If it's beagle poop, I've already got plenty....

[King Ranzo]

I think it'll be around Late February (last two weeks) or early March (first two weeks).

My second guess, if they manage to sell, will have to be first two weeks of May.

[Eikon]

Saab is already dead. They just don't know it yet.

The suppliers are going to get screwed in the BK proceedings and not offer to sell them any parts after they come out of BK. Without the parts they won't be able to build their cars. They won't come back.

[Captain Slow]

Today

Saab denied bankruptcy protection

Swedish court rejects carmarker's attempt to shield itself from creditors while it tries to raise new funds from China

Saab's bid to shield itself from its creditors while it tried to find new funding has been turned down by a Swedish court.

The judgment on Thursday paves the way for trade unions to try to get the company declared bankrupt. Their members have not been paid by the company for three months.

The Vänersborg district court said it was unclear how the cash-strapped company intended to secure further funding and continue its operations.

The court noted that Saab was awaiting regulatory approval for cash injections from two Chinese companies. "It appears unclear if – and if so when – the relevant Chinese authorities will approve the agreements," the court said.

The ruling opens the way for potential bankruptcy action from unions representing Saab's 3,700 employees.

Saab applied for bankruptcy protection on Wednesday, saying it needed breathing room to find short-term funding and restart production at its plant in Trollhättan in south-west Sweden.

The factory has been at a standstill for most of the year, as the company has struggled to pay suppliers.

It was not immediately clear if Saab would appeal against the ruling.

http://www.guardian.co.uk/business/2011 ... d-rejected

[OriginalWheelman]

So... I win?

[PapaSmurf2k3]

Crap I was going to guess tomorrow!

[Jesda]

s***, I might lose my own prize!

[Jesda]

This new 9-5 wagon is now officially a rare collectible.

[Rex]

This new 9-5 wagon is now officially a rare collectible.

Gorgeous car, but I've got a thing for cars with "lines" and wagons, might explain the allroad??

I was going to guess Halloween 2011, just so I'd know sooner than later if I was out of the running.

[xekushnr]

Thanksgiving week.

[elwesso]

Sept. 30. Either they will get their stuff together or pull the plug..

what surprised me is that there would be 11,000 people on this planet that would wait in line for a Saab?

[goody90q45]

I say October 13th, just because it's my birthday and i'd like to win something.

Saab is going to get their 3rd quarter earnings report about mid-October and throw in the towel.

My birthday is also October 13 (#58) so I'll jump on the band wagon and guess the same day as you. If we win you can have the prize, especially if it's something made from beagle hair.

[Jesda]

For f*ck's sake

http://www.smh.com.au/business/world-bu ... 1klv9.html

A Swedish appeals court has given the green light for beleaguered carmaker Saab to reorganise under bankruptcy protection, delaying what had appeared to be the company's imminent demise.

"The appeals court reverses the district court ruling and allows Saab ... to reorganise," the Appeals Court for Western Sweden said in its decision on Wednesday.

The ruling places on hold thousands of individual requests that Saab be declared bankrupt by company employees and union members who have yet to receive their August wages.

[Rev_D21]

Saab is officially a zombie.

[MinisterofDOOM]

Saambie?

[Jesda]

Still waiting on it to completely disappear before I make it official and give out prizes. BMW, Mahindra, and the Chinese are still bidding. [If the brand itself isn't resurrected then December's bankruptcy declaration will still count toward the contest.]

Last night's Top Gear farewell to Saab -- skip to 41:22:
http://www.saabsunited.com/2012/02/top- ... nline.html

[Rex]

Yet, I find myself still looking at some ~2007 93 Sportcombi Aero's??

Does anyone know GM's obligations from a "recall/TSB" standpoint?

[Jesda]

On anything made 2009 or earlier, full GM coverage and liability applies. For 2010-2011, there is no coverage at all including recalls. So, if GM issues a recall on the current generation 9-3, 2010 and 2011 model year owners would have to pay out of pocket for repairs.

From
http://wheels.blogs.nytimes.com/2011/12 ... ire-sales/

"In the case of Saab, however, NHTSA planned to work with the Justice Department to 'ensure that the safety of Saab owners is represented in the upcoming bankruptcy proceedings.' She added that the two federal agencies would 'vigorously press bankruptcy courts to ensure that the recall obligations of bankrupt vehicle manufacturers are met to the greatest extent possible.'"

[I seriously doubt anything will come of it.]

[PapaSmurf2k3]

Saabs are uber safe anyway...

Jesda, I challenge you to find how many safety related recalls Saab has had in the past 10 years!