Saab reorganization chief asks to pull plug

It's time now. Saab needs to go away. It was almost in this very position when GM bought it way back when - on life support. Then GM screwed their brand up even more. Now they are a leaking raft with no oars. Let them sink.

I for one will be sad to see SAAB pass...once quirky indidual ecentric
cars swimming upstream against the masses. Never owned one but whenever I drove one it was a reminder that character and personality comes in many different forms. Pity if current owner who is quirky himself and believes in the brand bought it too late...shame on GM.

According to other media, Guy Lofalk, the administrator, was advocating a restructure based on the Youngman/Pang Da infusions. When the Chinese companies made a bid last week for a controlling stake instead of the more investor-oriented approach that had been planned all along, Victor Muller refused, saying with confidence that those companies' control of Saab would end Saab in a short time. Now Mr. Muller is calling for Mr. Lofalk's removal, and reading between the lines, it seems Mr. Lofalk only had interest for the Youngman/Pang Da controlled re-org (there may have been something in it for him). Saab has suffered because almost any potential buyer has knowledge of their strife. If there were only some guarantee that warranties and service would stay intact in the event of a shutdown, buyers could have confidence again.

It will be interesting if Mueller has somthing else up his sleeve. Also if the US investor has more money to put into Saab maybe it could buy up the assets if Saab is liquidated.