Tuesday, January 26, 2010

Here We Go Again...Saab Lives!


Nelson Schwartz of The New York Times reports:
"General Motors said Tuesday it had reached an agreement to sell its struggling Saab Automobile arm to the small Dutch luxury carmaker Spyker Cars, saving Saab from what seemed like certain extinction after earlier bids had collapsed."

2 comments:

  1. Ummm...what will they sell?

    SAABs, of course, but what will be under the skin...SAAB-skinned GM-technology-based platforms, as has been the case for many years now?

    ReplyDelete
  2. According to the stuff I've read, one of the sticking points in the deal was the GM tecnology. GM was afraid it might slip into the wrong hands. Not to be too sarcastic, but who would want it?

    I know, I know. GM's made lots of advances and that's unfair. Just a little joke.

    And then there's the Russian mob money fueling the deal. And the fact that spyker only sells about 50 cars a year. And now GMs loaded up with Saab stock. What could go wrong? On the bright side, GM got some cash out of the deal.

    ReplyDelete

Thanks for commenting. You might enjoy my book about Flint called "Teardown: Memoir of a Vanishing City," a Michigan Notable Book for 2014 and a finalist for the 33rd Annual Northern California Book Award for Creative NonFiction. Filmmaker Michael Moore described Teardown as "a brilliant chronicle of the Mad Maxization of a once-great American city." More information about Teardown is available at www.teardownbook.com.