Member
It's probably a good thing... maybe some actual financial restructuring can be done. Although, each time this comes up in the news, hope fades a little more...
A sad truth from the article:
"The brand is tarnished, and the company doesn't own any of its own technology - all the cars are based on GM Opels”
I'm not a financial litigation expert, but they should file for protection on their protection.
Fanatic
Saab is officially an orphan car.
Furniture
So with no new cars they can't get enough revenue and profits, and with no revenue and profits they can't develop new cars.
That's a dead end...
Lack of charisma can be fatal.
Visca Catalunya!
Enthusiast
Even though it has been looking pretty bleak, this is sad news. The fact that GM stripped the company of it's technical identity pretty much seals their fate. Without SAAB-ness no reoganization would matter.
I've never owned one, but have a powerful urge to buy an old 93 or maybe a 95... every orphan needs a home. Great cars.
Saab 93 - Ultimatecarpage.com forums
Saab 95 - Ultimatecarpage.com forums
Never own more cars than you can keep charged batteries in...
Enthusiast
We had a 9-5 when they were first released. Had to let it go recently because we couldn't afford to upkeep it. But they really are extremely special cars, and it certainly was better than the equivalent Mercedes/BMW/Audi at the time in terms of comfort, safety, and styling.
People will disagree, but they're wrong. Sure, the mechanical side isn't German, but everything else far surpasses it's German rivals.
The current 9-5 is one of the most beautiful cars out there right now, but because of all this happening, nobody will be tempted to buy one. It really is extremely sad.
www.flickr.com/photos/maestro_ng
Fanatic
Well, the mechanicals are basically Opel, right? So they're German, but they're not German.Originally Posted by Roentgen
Life's too short to drive bad cars.
Furniture
Diesels are from Italy, though.
Guaranteed to break down the moment you leave the dealer.
Lack of charisma can be fatal.
Visca Catalunya!
Enthusiast
They're supposed to be Swedish.
Never own more cars than you can keep charged batteries in...
Fanatic
How long has it been since they were? Maybe they should talk to Volvo..
Life's too short to drive bad cars.
Furniture
Apparently, the current 9-3 is quite different from the Vectra it's been derived from. In fact it's so different it can't be built on the same production lines as the Opel. But nobody can actually notice the difference.
So you end up with a car which feels like an Opel, but it costs like a BMW to built. And that was badged as a Saab.
Certainly a recipe for success!
Lack of charisma can be fatal.
Visca Catalunya!
Enthusiast
The Swedish courts have denied the request for the protection.
Expect the end within days.
Vale SAAB
Chief of Secret Police and CFO - Brotherhood of Jelly
No Mr. Craig, I expect you to die! On the inside. Of heartbreak. You emo bitch
Fanatic
I'll always remember this:
[ame="http://video.google.com/videoplay?docid=834974555133843387"]saab_find_your_own_road_promo_1995[/ame]
I'm dropping out to create a company that starts with motorcycles, then cars, and forty years later signs a legendary Brazilian driver who has a public and expensive feud with his French teammate.
Member
Local papers here in Sweden are speculating that the Chinese are waiting for bankruptcy so they can buy Saab for dirt cheap :|
Fanatic
"Saab confirmed in a statement this morning that Youngman has issued the first payment, reportedly around $15 million, of a $97 million bridge loan that will help keep the Swedish automaker solvent during its reorganization while it waits for both Chinese and Swedish authorities to approve a much larger investment of about 245 million Euro by Youngman and fellow Chinese carmaker Pang Da. Saab expects it will have the full $97 million loan in hand by October 22."
Autoblog
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