• Mar 4th 2009 at 6:22PM
  • 16
Two months. That's how long the world will have to wait for Saab to identify its new owner, according to Managing Director Jan-Ake Jonsson. Although he didn't specifically mention candidates, Jonsson told Automotive News Europe that, "There are about five we want to talk to. There are a couple more we are also looking into." Possible suitors include China's Geely Automotive and Dongfeng Motor Company, although there has been no official word from either. Private equity firms and representatives of retired Swedish workers have also expressed interest. Sweden's government, with an obvious stake in the company's future, has reportedly considered loan guarantees to the right successor.

General Motors said it will end ownership of the brand on January 1, 2010. GM bought 50% of the company in 1990 for about $700 million, and paid another $125 million for the balance in 2000. With sales down 35% in 2008 (and a loss of $340 million during the period), Saab's market price is expected to be a basement bargain.

[Source: Automotive News, subs. req'd | Photo by FABRICE COFFRINI/AFP/Getty]

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    • 1 Second Ago
      • 6 Years Ago
      Porsche should buy them and market them in between Audi and VW. Audi should move a little more "upscale" and VW should stay as the "people's car" and not try to encroach on Auidi's territory with it's pseudo overpriced luxury wannabe cars they come out with every now and then, ,like the VW Phaeton or the CC (even though I like the CC). I think that way everyone is happy. Under GM Saab should have been a true Audi competitor not a slightly more upscale VW competitor at unrealistic Audi prices. That was Saab's problem.
      • 6 Years Ago
      Is it sad that I interpreted this as Saab finding five potential new car owners? That would still be a miracle.
      • 6 Years Ago
      Yuck...I would NOT buy a Saab if they're owned by a Chinese company.

      Which is a pity, since I'm a big Saab and Volvo fan.
        • 6 Years Ago
        Nobody buys SAABs as it is, thus nobody cares that you wouldn't buy a SAAB if it was owned by Geely.
        On the other hand, maybe some Geely owners would consider a SAAB, and there are plenty more Geely buyers than there are SAAB buyers nowadays.
        • 6 Years Ago
        Well I don't think there's many Geely buyers here in America, or in Europe.
      • 6 Years Ago
      you can't kill a horse twice. if a chinese company buys saab the brand won't end up worse than under GM.
      • 6 Years Ago
      I think they mean they have identified 5 potential buyers of a Saab vehicle, not the company itself.
      • 6 Years Ago
      If GM had not bought into Saab in 1990,Saab might not even have survived to this day.
      • 6 Years Ago
      If who ever does buy SAAB can withstand another 18 months of hard times they'll make out in the long run. SAAB's have heritage and even if the designs have been a bit bland under GM's watch that heritage can be brought back. If a company from China or India buy it they'll be able to use the SAAB name and heritage in these emerging markets. SAAB can't do any worst than what GM has done to this once proud brand. In the late 80's and early 90's SAAB was a car to desire. The 900 convertible was a dream car. Then GM destroyed what made SAAB a SAAB.
        • 6 Years Ago
        I don't know why people jump to conclusions w/o reading this stuff.

        If Jonsson says there are 3 new Saabs ready; there are 3 new
        Saab ready.....and these will NOT be GM-Saabs. These will be Saab

        Production lines for these entries will be modern and far more cost-effective
        than previous production lines.

        I'm pulling for the Russians to buy into the company. (Detroit Free Press cites
        the Russians as potential buyers)

        Sweden would financially backstop the transition.
      • 6 Years Ago
      hello to all,

      there could be real possibilities here. if done in the best interests of all, i believe that saab can not only be saved, but also thrive in the long run.
        • 6 Years Ago
        Hello to you. I agree, but they cannot be Chinese.

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