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Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties.
Speculation and rumor-mongering have been rampant as Saab suitors come and go. In November, the deal with Koenigsegg Group AB fell through at the last moment. Then there was China's Beijing Automotive Industry Holdings Co., but they stopped short and only acquired some of Saab's assets and intellectual properties. Most recently, there was word that niche automaker Spyker Cars NV had made a second offer on the brand, after losing its first bid.


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


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  • 14 Comments
      • 5 Years Ago
      Saab sucks. They should buy just Volvo. If not the government, than the original Volvo company that still manufactures buses and trucks should buy the car part back.
        • 5 Years Ago
        ^
        Reason why Chinese car companies have not focus much on expansion to US is US market is over saturated and China's is worlds largest car market. They can barely even meet the demand so why no point in expanding further. Where as in US sales are plunging next year forecast is 10 mill for US and close to 12.5 mill for China.

        That said Chinese autos are acquiring brands like Volvo,Hummer,MG for cheap who knows couple years down the road SAIC, Chery etc can get the hands on Jeep,Buick, Dodge etc as well.
        • 5 Years Ago
        Volvo sucks so bad the Chinese bought it -
        What's worse than a first generation Korean hyundai?
        give up? There's a reason Yugo pulled out and there hasn't ever been a chinaman's car in the US//. Even the tin box Tata will beat the Chinese in quality...

        At least with the tooling for the old Saabs they can build a better car than their competitiors and dominate their home market now...
      • 5 Years Ago
      I wonder if spokesman Chris Preuss is somehow related to former Buick chief Lloyd Preuss?
      • 5 Years Ago
      I really don't get GM...
        • 5 Years Ago
        what don't u get? They don't, and never did, have the resources to run saab well enough to turn it into a valid across the board competitor for the likes of Audi and BMW, mostly audi as that was their goal (in terms of units shifted and profit). Now they're parting the brand off to the chinese for whatever they can get, just like we saw with MG. What's not to get? There's no one to buy so the chinese are picking up the scraps.
      • 5 Years Ago
      So I guess Saab will be taken out back and shot.
        • 5 Years Ago
        I think they already have, it's just a slow death.
      • 5 Years Ago
      GM is letting Saab survive off their new $200 million lifeline from the BAIC sale for now. If there are no planned announcements this might mean that GM is letting Saab live past the December 31st deadline, as that deadline would have definitely been a "planned announcement" since they would announce the failure to find a buyer.

      Saab still has a bit of fight left, let's see what they're made of. I have faith in the employees to do their best and show suitors that they can run the company, so long as the corporate disaster of GM isn't running them from behind the scenes.
        • 5 Years Ago
        The last announcement from GM said that SAAB is shutting down on the 1st of the year. So no new announcement means this is it.
      • 5 Years Ago
      Why sweden goverment and people don't buy their own brand saab and volvo?
        • 5 Years Ago
        Unless the Chinese government dissaproves at the last minute, Volvo will be owned by Zhejiang Geely... for about 1/3 of what Ford paid for it a decade ago.
        • 5 Years Ago
        Rar wrote "swedish people do not buy Volvo". Wrong!!!!!! Volvo has always (with a big margin) been the best selling car in Sweden!!
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