: Saab has "weeks" to live



Jesda
04-08-11, 07:30 AM
http://jesda.com/2011/04/08/saab-has-weeks-to-live/
http://wheels.blogs.nytimes.com/2011/04/06/saab-in-negotiations-shuts-down-production/
http://www.saabsunited.com/2011/04/ams-saabs-survival-depends-on-the-government.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.

ted tcb
04-08-11, 09:17 AM
How sad.

It has become a self fulfilling prophecy.
Who would order a 2011 Saab, not knowing if the car will have its warranty honored, let alone
speculating on resale value.

Thankfully, Jesda's Saab has a huge aftermarket parts supply line.
I wonder how long parts will be offered for, say, a 2009 9-3?

Playdrv4me
04-08-11, 03:14 PM
--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.

http://www.winwhale.net/wp-content/uploads/2010/08/opulence-motivational-poster1.jpg

thebigjimsho
04-08-11, 08:05 PM
I am epic win!

Sevillian273
04-08-11, 08:18 PM
A saab story indeed.

I~LUV~Caddys8792
04-08-11, 08:26 PM
Looks like Saab is finally facing it's waterloo!

Sj_9CiNkkn4

Playdrv4me
04-08-11, 09:09 PM
no pain... no pain

thebigjimsho
04-09-11, 07:39 PM
I want a tiny giraffe.