• Nov 30, 2009
Don't write off Saab just yet. While last week's announcement that Koenigsegg Automotive AB had pulled its offer for the homeless brand was a painful kick to the gut, it seems there are still a few companies interested in taking the automaker under its wings. With that in mind, and interested in keeping the momentum, Saab CEO Jan Ake Jonsson and government officials from Sweden are meeting in Detroit today ahead of a Tuesday GM board meeting to determine Saab's fate.
As we've reported, other bidders have expressed interest in Saab and the list appears to have grown. These companies include Beijing Automotive Industry Holding Corp., U.S. investment company Merbanco Inc., and the U.S. private equity firm Renco Group Inc. You may recall that it was Beijing Auto who had partnered with Koenigsegg in the latest deal that fell off the table. Said Beijing Auto's general manager Wang Dazong, "stay tuned a little bit." Yes, we all are. Patiently.

[Source: Automotive News, sub. req'd]


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  • 13 Comments
      • 5 Years Ago
      I've never wanted a company to survive like I want Saab to survive.
      If it survives please make a new 900.
      • 5 Years Ago
      Everybody Wang Dazong tonight!

      /whuut?
        • 5 Years Ago
        ACROSS THE NATION, AROUND THE WORLD!
      • 5 Years Ago
      Just die already....Make Saab a chapter in automotive history....The glory days are over.
      • 5 Years Ago
      Fingers crossed. While trembling. In a corner. Eeek.
      • 5 Years Ago
      I hope Saab survives. I think they're quirky/cool.
        • 5 Years Ago
        Seeing as Buick sells more than twice as many cars in the US each year as Saab does worldwide, that Buick was MAKING money for GM, while Saab was losing more than $5k per car, Buick's quality was far better, had a MUCH better dealer network that was compatible with GMC, and enthusiasts would have screamed that GM was keeping a foreign brand while axing yet another American brand, it seems to me that Buick was the better choice to keep.

        Though I do want SAAB to survive. I love that company and the cars they make. But they need someone who needs what they bring to the table. GM doesn't.

        The types of vehicles that SAAB pioneered and is famous for are exactly what the rest of the industry is scrambling to make...high-powered, low displacement engines, FWD architectures, crisp handling, and efficient interior packaging. The reason they're in so precarious a position is because they've been woefully mismanaged under GM.

        I do hope that someone can make SAAB shine again.
        • 5 Years Ago
        I'm of the opinion that GM should have killed off Buick and placed SAAB in the position they currently has the former in. Regardless of how much they try to change the image of Buick by bringing out youthfulish vehicles, I still see it as 'my grandfathers Buick' and would never purchase one... emphasis on never. SAAB on the other hand, even though it's been neglected like a left hand on a good Saturday night, I could see myself purchasing one.
        • 5 Years Ago
        Luis, +1. SAAB makes the only new car that I would really be excited in buying (outside of various sports cars)
      • 5 Years Ago
      I hope one of the American investments firms buys Saab...
      • 5 Years Ago
      I think Saab has the design language potential to become the Apple of European cars. They could go geek with all kinds of novel tricky gadgets packaged in striking form-before-function bodies and make a killing. My whole generation is just starting to make some serious bank and I know lots of people my age who have already written off BMW and Mercedes as too bourgeois so they lust after Audis that have become too expensive for what you get and instead by Volkswagens that are too ubiquitous to feel special. Japanese cars look... well, too Japanese, so what else can you do? They should drop the whole born from jets line and just pump out really slick TV spots with lots of CGI effects that have nothing to do with cars all set to indie-rock like Death Cab for Cutie or Interpol or something. They'd make a killing.
      • 5 Years Ago
      After the lackadaisical lineup provided by GM in the '90s and early '00s, Saab finally seems to be beginning to pull itself up from the bootstraps, only for the future of the brand to come into doubt big time :(
      • 5 Years Ago
      I want Koenigsegg to come back and try again! It's fine they got cold feet. I just hope that they tie the knot a second time 'round.
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