Saab is not dead!

Saab is not dead!
Saab Automobile is close to obtaining short-term financing which it could use to continue operating while it awaits funds from Chinese investors, according to an insider who is familiar with the deal. The source revealed that company executives are "very optimistic" regarding having more funds within the week
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jtz7jtz7 - 8/30/2011 4:27:02 PM
0 Boost
Still on life support huh? Might as well pull the plug so it can meet Oldsmobile, Saturn and Pontiac.


mini22mini22 - 8/30/2011 10:47:01 PM
+1 Boost
Well you have to say that Victor Mueller is certainly a scrapper. He seems to be able to put deals together at the last minute. The question is this" Is this all for nothing". If the Chinese government will not allow these agreements to stand legally then Saab is pretty much dead in the water. It is very strange that both Sweden and the European Union would not allow the Russion to invest in Saab regardless of his past. It's really a shame that Saab has been put through the ringer like this. The reality is that it was a weak company before GM bought it in the first place. Obviously Mueller is good a putting together deals but not so good at 1) managing the company and 2) completely underestimating the amount of finance needed to keep Saab going. It's really a sad story and it's painful to keep hearing about it. Mueller really needs to throw in the towel if the Chinese agreements fall flat. Even so my guess is that Saab has lost so much confidence of it's western dealer that it may be relegated to being strictly to the Chinese market after all this. Volvo will have a similar problem if they start or shift most of their manufactoring to Chinese. Most in the US do not have confidence that China makes a quality vehicle. Maybe that's why China has never made any in roads to sell cars here.


asafianowasafianow - 8/31/2011 9:30:31 AM
+1 Boost
I thought it was lol


EyecarehawaiiEyecarehawaii - 9/2/2011 5:27:27 PM
+1 Boost
Saabs aren't bad cars but, like British cars of old, are a bit quirky. They really need to look closely at similar offerings from Japanese, Korean and other European brands to be more competitive in the US market. If you don't want the "usual", then look at a Saab.


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