• Dec 15th 2009 at 4:29PM
  • 44
2010 Saab 9-5 - Click above for high-res image gallery

It's now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company bidding for the Swedish automaker -- Spyker -- which has yet to turn a profit. GM Chairman and interim CEO Ed Whitacre told a group of reporters at the company's Detroit headquarters that Spyker is the only automaker left bidding for the perennially struggling automaker. Whitacre reportedly told attendees that striking a deal was "possible," but he then reiterated that Saab would close if the deal isn't struck by the end of the year.

At the same time, the General is also reportedly selling off bits to the outgoing Saab 9-5 and the pre-2006 9-3 to Chinese automaker BAIC. Tooling for the vehicles is likely never to be used by GM or Spyker in the future so the move makes plenty of financial sense.

While the potential demise of Saab saddens us, especially when considering how close the Swedish automaker is to launching the new 9-5 and perhaps the 9-4, it's nice to see that the General is finally moving quickly and decisively to right its ship. Hat tip to MowtownMan!




[Source: Reuters]


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    • 1 Second Ago
  • 44 Comments
      • 5 Years Ago
      So it's the Grim Reaper RIP Saab.
        • 5 Years Ago
        and if nobody else wants it then your point is what?

        go tell hyundai to buy it if you don't want it to be bought up by baic.
      • 5 Years Ago
      "There is but one company bidding for the Swedish automaker" ?are you kidding?

      That's because of the 5-7 original bidders GM has narrowed the field to the one that had the greatest potential to complete the deal.

      If you want up to date SAAB news there are other places with much more information. www.saabsunited.com for example.

      The latest post includes news of an electric SAAB 9-3 that's on the road for testing.
      • 5 Years Ago
      Maybe a song and dance for Saab would close the deal. The Whitacre Waltz?
      • 5 Years Ago
      It sounds like Ed Whitacre would rather slit his wrists than sell anything to the Chinese, and I think he wants the Hummer deal to fall through.
      • 5 Years Ago
      I can't see this being worth it, what does Spyker get in the deal? It isn't like there is a strong dealer network, and a lot of SAABs were simply sold through existing GM showrooms.
        • 5 Years Ago
        hey that's not me! :)
        • 5 Years Ago
        @ Luis

        > I can't see this being worth it, what does Spyker get in the deal?

        Russian bank bankrolling this deal gets to build Saabs in Russia instead of Opels.
      • 5 Years Ago
      Good Night Saab
      • 5 Years Ago
      Nice work GM. Screw you.
      • 5 Years Ago
      Who needs those 70,000 - 100,000 customers anyway?
        • 5 Years Ago
        what are you talking about? saab sold about 20,000 cars last year and will sell even less this year
        • 5 Years Ago
        I assume he's referring to the total number of Saab still operating.
      • 5 Years Ago
      So sad.
      • 5 Years Ago
      Yet another good brand GM has trashed. Good job.
        • 5 Years Ago
        what were the other brands gm trashed?
        • 5 Years Ago
        Saturn.
        • 5 Years Ago
        Oh please. Saab was on life support well before GM bought them.
        • 5 Years Ago
        @tuna

        well according to trolls like hypermiler it's okay so long as GM bought 100% of their stock and then trashed it.

        @caddy-v

        yet according to the same trolls that is no excuse and GM should still be held responsibe, but they haven't said a peep about that... i wonder why?
        • 5 Years Ago
        BTW

        i am not agreeing or disagreeing, just pointing out what i thought was relevant information considering the amount of trolling these guys do on any thread that may be China related.
      • 5 Years Ago
      I just hope that new 9-5 is available for whenever I can afford one.
      • 5 Years Ago
      While I mourned the passing of Oldsmobile (because my first two cars were early 70s Cutlasses, although it turned out Cutlasses don't like my family) more than the passings of Plymouth, Pontiac, Saturn, or Hummer, it's definitely sad to see a brand that once filled a unique niche finally succumb to the sameness that was forced upon it.

      Saab may never have been destined for big volumes, but it would have been nice if they had been able to keep prodding the rest of the industry with interesting ideas.

      RIP.
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