Swedish government bails out auto industry with $3.4 billion

The Swedish government have presented a $3.4 billion support package to their auto industry. The plan will offer credit guarantees, emergency loans and research funds to companies such as Volvo and Saab, who have been asking for government help.
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BigShow50 - 12/12/2008 3:27:14 PM

-4 Boost

Good to know, now it's time for SAAB to say bye-bye!!! To those ignorant Domestic Execs...The Ball & Chain has been broken...Now run SAAB!!! Run!!! That goes for the same for Volvo...it's time to SHINE!!!...LMAO!!!

mini22 - 12/12/2008 3:55:40 PM

-1 Boost

How every decides to buy Volvo or Saab should combine them into one automotive unit.It should be set up like Audi is to VW or Acura is to Honda. Obviously Volvo should be the Luxury division. They could jointly share platforms but retain their distinctive styling differences.I think together it makes them a stronger company.Out of US hands these companies could recast themselves as truely the Swedish BMW and Audi.

mini22 - 12/12/2008 3:56:39 PM

0 Boost

Sorry-I meant who ever buys Volvo or Saab.

veyron1001 - 12/12/2008 6:52:19 PM

+1 Boost

So volvo makes expensive sports and luxury and saab makes the entry level?