Saab headed to court with creditors on Monday, reportedly has 20 potential suitors
2010 Saab 9-3X – Click above for high-res gallery
Saab's headed to court on Monday, where the ailing automaker hopes to get further permission to continue trying to find new ownership or investors. General Motors will be booting the brand from its corporate nest by 2010, and the Swedish courts will decide if the brand Born from Jets will die from apathy.
Saab wants to launch four new models (like the 9-3X seen above) by 2011 to bolster sales to an ambitious 150,000 – quite a bit more than its perpetually down numbers of late – and officials will let potential investors have a peek at the plans. There are reported to be nearly 20 interested parties looking into what Saab has to offer after the company filed for protection in February. Saab's looking to extend its protection, and believes it will be allowed to do so based on the strength of its plan. The court will allow Saab to extend its protection up to three times, until February of 2010, provided the business plan is deemed workable.
Reader Comments (Page 1 of 1)
SilverAero 7:08PM (4/03/2009)
20 Suitors, obviously they aren't into Saab for her money. Looks are ok. She must have a hell of a personality.
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Ken 7:20PM (4/03/2009)
You could describe it as "quirky" although recently it's personality has become much more mainstream.
ij70 7:22PM (4/03/2009)
Today is not April 1.
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hypermiler 7:24PM (4/03/2009)
Wow, 20 Chinese and Indians going after single Swedish blonde, not a pretty sight.
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SilverAero 7:30PM (4/03/2009)
Sounds like a typical Friday night at the bars, or maybe a bad.....film.
Sea Urchin 7:46PM (4/03/2009)
Silver...i am a big fan of those "films", but i have to say i never saw Indians and Chinese with Swedish "car".
Bartmack 8:18PM (4/03/2009)
Once upon a time Saabs were too kool for skool.... but meshing ultra quirky with the utterly banal GM would kill anybody's koolness... I personally hope they find their way back to a successful independent Swedish car maker of the unorthodox.
A buddy of mine had an original Saab 2 door hatchback, and with the rear seats folded down you could slide a friggin full size refrigerator in that thing... but when they began rebadging Chevy Trailblazers and of all ungodly things Subarus... well that's the kiss of death to me.
They must return to their wierd alien roots in car design... and move the ignition switch somewhere that will take a full five minutes to locate!
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bakka 7:57PM (4/03/2009)
Hey with me that makes 21!
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jgp 12:39AM (4/04/2009)
I love the wordplay in the title.
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gpg 5:25AM (4/04/2009)
We hope Saab can return to its previous status as a unique brand with innovative features after GM disappears. At the present time over 15k individuals have signed up supporting Saab at rescue-saab.com from over 80 countries.
The ignition switch's present location is where it shoud remain. After owning several Saabs and driving over 500k miles in the U.S. our experience has always been great.
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Sea Urchin 8:27AM (4/04/2009)
GPG.......this needs to stop. Government should not resque anyone any more, not US, not Sweden.
Saab is a dead brand, you long for those cool cars they use to make, now all Saab does is re-badged Chevys and old cars that can not compete with 25K Hondas and Toyotas. The company is dead, just like GM, ruined by the same moron.
jpm100 11:30AM (4/05/2009)
Yeah, only the Japanese government should assist their automakers and no one else.
T2 9:18PM (4/06/2009)
well, Saab's creditors don't seem to agree with those folks posting comments on this article.
Those creditors are not only interested bystanders like those of us commenting, but they actually have 'skin in the game' - their money is riding on Saab's future.
In today's hearing those same creditors decided Saab has enough future potential coursing through her cool nordic veins that they encouraged the courts to extend the time period for review in order to allow Saab's international suitors to line up and put in their bid.
'Hot middle easterners raise bid for icy nordic blonde'.
Autoblog - where is your update?
tim in denver
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pitnik 4:54AM (4/07/2009)
Why are there no reports on results of April 6th for future of SAAB?
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