• Apr 27, 2011
The Saab Shutdown of 2011 grinds on, with uncertain finances threatening to silence the operation for good. Even though Spyker took on the ailing brand, former owner General Motors is still the key to Saab surviving, The New York Times reports. Saab's Trollhättan plant ground to a halt in early April, and part of owner Spyker's plan to infuse working capital includes selling the plant and other real estate holdings to Vladimir A. Antonov and then leasing the property back from him. Antonov is a controversial figure in this triangle, and the Swedish government and the European Investment Bank need to sign off on his becoming a shareholder of Saab.

The European Investment Bank told the Times that it has provided an answer on the matter, so it now all hinges on General Motors. For its part, GM is keeping mum about whether or not it will sign off on the deal, with spokesman Klaus-Peter Martin offering up a "no comment." That statement has been directly echoed to Autoblog by GM spokesman Jim Cain, so it looks like we're all playing the same waiting game to see if Saab makes it.

[Source: The New York Times | Image: Chris Paukert/AOL]


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  • 19 Comments
      Basil Exposition
      • 3 Years Ago
      You would have to have some real bawlz to buy a new Saab these days.
      DontTrustPoliticians
      • 3 Years Ago
      > Deja-Vu: Saab's chances of survival depend on... General Motors? In other words, Saab is toast.
      DarrenDriven
      • 3 Years Ago
      Which fiance in particular is causing all of the problems? Maybe the problem is that Saab is engaged to more than one woman and they have all found out about each other. Uh-oh!
      Nick Allain
      • 3 Years Ago
      It makes me angry how poorly GM treated Saab. I get the feeling that by the time they decided to end/sell Saab, they had hidden so many bodies there that it might have been better if they'd just lit it on fire rather than selling it.
        Car Guy
        • 3 Years Ago
        @Nick Allain
        How Poorly? You really think Saab would have lasted this long without GM? They would have been dead and buried a decade ago without GM.
          Nick Allain
          • 3 Years Ago
          @Car Guy
          They pushed a lot of development costs onto Saab that were never Saab's in the first place. I think GM was intentionally tanking then toward the end.
      Cb
      • 3 Years Ago
      I bought a brand new 2003 Saab and was so excited and bought into the hype. It was the biggest car mistake I ever made and the worst car I've ever owned. The service was horrible. I took a bath on that car. Good riddence!!
      SteveM
      • 3 Years Ago
      Clearly nobody is buying these cars - not to say they are good or bad, just not wanted. It really is time to let this company go the way of Mercury, Olds, Pontiac, Saturn... the Market really is better for it. The remaining brands are better choices.
      tenspeeder
      • 3 Years Ago
      I'll finally admit that I wouldn't mind a Chinese company stepping in if that is the only way to save the company and its heritage for future models
        hmmwv
        • 3 Years Ago
        @tenspeeder
        It's been over a year since Geely and Volvo signed their deal, and the end of Volvo many predicted never materialized, so yeah anyone who can save SAAB is welcomed.
      NightFlight
      • 3 Years Ago
      Wow, what happened to all of those Saab supporters calling me an idiot about a month ago? I said they were in some REALLY serious trouble, you didn't agree. Then they shut down production because they couldn't pay their suppliers, started production, only to shut right back down. Saab COMPLETELY botched the launch of the new 9-5 here in America offering only the $50,000 model that no one wanted, the Trailblazer rebadge and the overpriced Saabaru tarished the brands image, and the new 9-3 needed to be here about 3 years ago. Saab is as good as dead.
      Adrian Elliot
      • 3 Years Ago
      FFFFFFFUUUUUUUUUUUU
      Hazdaz
      • 3 Years Ago
      Some of us were realistic last year in saying that SAAB had only a small chance at surviving (at least on its own). Its looking that those predictions were accurate. It would be NICE if SAAB can stick around - BMW should look into buying them - but doesn't seem realistic.
      tantareanujellob
      • 3 Years Ago
      Just because you ran the post through spell check doesn't mean you and skip proof reading.
        Redline
        • 3 Years Ago
        @tantareanujellob
        Irony?
        Timmay
        • 3 Years Ago
        @tantareanujellob
        @tantareanujellob You are to proof reading as Inspector Gadget is to ninjas.
      wonky donky.
      • 3 Years Ago
      That is such a freaking backward idea, your headline should have been Vuja-Dé?, etc. etc. etc.
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