• 14
General Motors appears on track to either close or sell the ailing Saab brand by 2010. If they do, in fact, sell Saab, they are reportedly stipulating the following: the buyer must be well versed in small scale car production and they should be interested in keeping production in Saab's homeland, Sweden. If you don't know, Spyker fits that particular bill nicely.

Saab appears to be believing the deal will happen. "There are signals everywhere showing we are well on track," says Saab spokesman Eric Greers. We heard last week that Spyker was interested in purchasing Saab, and today's news only confirms it. Of course this wouldn't be a Saab story without the threat of imminent disaster looming in the shadows.

The catch is that if GM and the prospective buyer can't get the deal done by 2010, General Motors is just going to wash its hands of the perennial money loser and shut Saab down and sell off its assets. However, if the talks are going well but no deal has been reached by January, GM might consider funding Saab a little longer. Maybe. For their part, Spyker seems unaware of any looming deadline, though perhaps they should be.

[Sources: Reuters, Autocar | Image: Torsten Silz/Getty]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 14 Comments
      • 5 Years Ago
      Isn't Spyker Dutch?? Not quite the same as Swedish, you know, even if there are a lot of blonds . . . . . .
      • 5 Years Ago
      Paragraph 1 says that GM is stipulating that the buyer be Swedish, and that Spyker fits that bill nicely. MASSIVE FAIL. Spyker is Dutch.
      • 5 Years Ago
      read it again: "they should be interested in keeping production in Saab's homeland, Sweden."

      Producing in Sweden does not mean that the company is Swedish. I'll have to check, but I am pretty sure that GM is not Swedish.
        • 5 Years Ago
        That's not what it said when I posted. The post originally read as follows:

        "General Motors appears on track to either close or sell the ailing Saab brand by 2010. If they do, in fact, sell Saab, they are reportedly stipulating the following: the buyer must be well versed in small scale car production and they should be in Saab's homeland, Sweden. If you don't know, Spyker fits that particular bill nicely."

        The phrase "interested in keeping production" was added later (completely changing the meaning of the sentence), after me and the other fellow posted.
      • 5 Years Ago
      I'm going out on a limb here, and feel free to object...

      It's too bad VW invested money into Suzuki (are they going to make a VW motorcycle?!), and did not consider purchasing something like SAAB. Perhaps a deal could be worked out that this would not be a long term investment, but short term, until SAAB was able to function on its own or with the backing of a private investor.

      Now, I know one can argue Audi is VW's equivalent to SAAB - luxury, sport, etc., but having another brand under its wings could only help VW and its goal to overtake Toyota as the world's leading car manufacturer.

      Still, Saab's record of building automobiles that, historically anyway, have been beasts in the snow, hold a niche market in New England, sport one of the smoothest clutches, and a soft-top that goes back decades, could only help VW in its endeavors. Saab could benefit as well, from VW's network of dealers, VW's innovation and ever changing design and development (how many years has the 9-5 and 9-3 been around), and VW's access to various markets.

      Certainly, this is all hypothetical, but it would be nice if my two favorite car companies joined forces. Nonetheless, whatever happens to SAAB, assuming it does survive, product innovation needs to return to its roots of safety and durability. Further, it needs a new design plan - one that does not carry the same car for 10+ years before deciding to change its face.
        • 5 Years Ago
        I am going to object.

        So, VW is marching towards their goal to become the World's largest automaker, we can agree on that.

        So, why then would they choose to purchase a brand which sells not much more than 100K vehicles Worldwide? 125K units in 2007 from http://www.trollhattansaab.net/archives/2008/08/page/7 odds are good that this year is lower than that. When instead they can buy up a brand which sold 2.3million vehicles last year worldwide (http://www.asiaing.com/suzuki-motor-corporation-2009-annual-report.html) and holds a strong presence in markets where VW doesn't currently compete (India and SE Asia, both huge markets for the future). While also bringing expertise on microcars, an area where VW currently doesn't play in but will be very important as developing countries become more mobilized.

        Not to mention that Saab does sort of compete with Audi with some of their models as well as the clientele they are aimed at. So, why would they want to bring in a brand that competes with what they already offer, especially one that isn't even much competition?

        I don't hate Saab, I am pretty sad that Koenigsegg didn't follow through with their offer. But, I just don't think that VW would be the best partner for them. What incentive would they have to build up a brand which competes with one they already have? In all honesty, VW should want Saab to go away as it would remove one of their competitors for Audi.

        It's sort of like most commenters saw a potential GM-Chrysler merger working out back when that looked like a distant possibility. Competing models would fight for survival and most of the Chrysler's lineup would have been scrapped and replaced with GM models. I'd see Saab/VWAG merger going similarly with most all of the Saab models going the way of the Dodo and replaced with their much more successful Audi counterparts.
        • 5 Years Ago
        Ummmmmm VW already owns Audi.
      • 5 Years Ago
      Saab will be Dutch soon ;)
    • Load More Comments