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."
Ummm...what will they sell?ReplyDelete
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?
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?ReplyDelete
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.