• Apr 29, 2011
Automotive News reports that Saab lost $107 million during the first quarter of 2011. The automaker says that it is unlikely to meet its 2011 production target of 80,000 units, which is hardly news when considering that the automaker can't even make vehicles right now. The automaker sold only 9,674 vehicles in the first quarter of this year.

Saab is still looking for funding to jump-start production, and the company is reportedly in talks with three Chinese automakers in hopes of finding a partner. Spyker CEO Victor Muller reportedly said in a statement that Saab is looking for alternatives for funding operations, including "discussions with Chinese car manufacturers." Bloomberg reports that a deal could be made with one of the companies within the next few days.

[Source: Automotive News – sub. req.]


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  • 36 Comments
      poppopeyes
      • 3 Years Ago
      they should ask themselves, "why would a person buy a saab?" and work from there.
      longducdong
      • 3 Years Ago
      Well SAAB's news lately has gone from suck to blow. Good luck, guys!
        GMROX
        • 3 Years Ago
        @longducdong
        it's the turbo system.
          GMROX
          • 3 Years Ago
          @GMROX
          It was a turbo joke - suck and blow. get it? it could apply to your mother as well i suppose.
          NightFlight
          • 3 Years Ago
          @GMROX
          WTF are you talking about? Saab's most problematic engines were GM sourced AND designed LP9 and the B308.
      dave and mary
      • 3 Years Ago
      OK - I'm stupid, right? And even I could figure this was going to happen. Who would choose a SAAB over the many known quality counterparts in this vehicle class? So that leaves loyal SAAB buyers. What ... one-in-a-hundred? So that leaves us with some hidden agenda like a tax write off or something. Also, GM design is heavy into SAAB. The world is wising up to re-badging. We don't want a Chevy Uplander fiasco anymore.
      hmmwv
      • 3 Years Ago
      It's a shame to see SAAB go though, 9-3 was once my dream car, along with Hummer H1, wait....I guess I suck at this car thing.
      Tanooki2003
      • 3 Years Ago
      If SAAB is a bunch of old white males in their 60's+ then they might have a better chance of finding a Chinese partner.
      • 3 Years Ago
      [blocked]
        GMROX
        • 3 Years Ago
        Saab should have stayed with GM, now look at what happened. Other failing car companies like Ford and Chrysler should join GM so they can perform at their best.
          • 3 Years Ago
          @GMROX
          [blocked]
          Not me
          • 3 Years Ago
          @GMROX
          @ gmfanboi. What exactly can ford or any automaker for that matter learn from GM lets put things on the table shall we..... lets deal with the obvious 1st ford didnt need the bailout gm did. for years the explorer was the No.1 suv no gm truck can ever say that The mustang is STILL killing the all new camero sales wise. the F-150 is the no 1 selling truck world wide and has been for ever. I think the only thing GM beats ford in sales wise is the corvette which sales more than the GT. while Gm dumped some of its automakers and left them in shambles saab is dead while volvo which turned around right before ford sold them is doing much better that its saab ford completely turned jag around in the end with the aston look alike xK and the XF and its also responible for the XJ I will say that cadillac correction the CTS seems to be holding up in the luxury category where as lincoln, well who knows they seem to be doing ok land rover isnt on the verge of dying and they've been making good suvs hummer on the other hand is dead
        NightFlight
        • 3 Years Ago
        @ GMFanBoi Chinese transmissions? Tell that to GM's own Chinese built LNJ V6 that has more issues than you can shake a stick at. TONS of blown headgaskets and other issues owners have run into. There is a reason why the Equinox/Torrent with this engine have such terrible reliability ratings when it comes to the powertrain.
      • 3 Years Ago
      [blocked]
      iQuack
      • 3 Years Ago
      Too bad, but Saab has been dead for years and it's time to bury the corpse. RIP.
      HuskerBadger
      • 3 Years Ago
      Even the Chinese aren't going to want a company that is losing so much money with little or no prospects for becoming profitable in the next five years. Time to just goodbye to SAAB.
        Basil Exposition
        • 3 Years Ago
        @HuskerBadger
        Yea, it sure looks like the sun is setting on this brand. Time for it to join Mercury, Plymouth, and Pontiac as a pleasant memory of the past.
      Jac Zobel de Ayala
      • 3 Years Ago
      It's simple really. SAAB priced their cars like BMW and Benz. When in reality they're just competing on Subaru level. SAAB is out of touch with reality with their pricing. Kinda like the people who buy their cars.
        chickenflauta
        • 3 Years Ago
        @Jac Zobel de Ayala
        Yeah I'm going to have to respectfully disagree. Go test drive a new 9-5 and tell me it feels like a $35k Subaru. Saab would lose $10,000 on every one they sold if they priced like Subaru's. I'm tired of people arguing this. Saab is at least on par with Volvo, which has no problem playing with the big boys from Germany. And similar to Volvo, the 9-5 is actually a great car, and so many people like the brand. The new S60 was just as important to Volvo as the launch of the 9-5 was. However, Volvo had an instant hit with a great marketing campaign and styling that played up its Scandinavian heritage, and a great understanding of how they wanted to position the vehicle against its competitors. It just didn't work well with Saab from a marketing standpoint (the 9-5 campaign was utterly terrible for a car at this price point) and too many consumers still think the brand was shuttered. It's really awful they couldn't even move 10,000 units globally. Oh well.
      Rich
      • 3 Years Ago
      SAAB? You're still here? Party's over. Go home.
      rmkensington
      • 3 Years Ago
      This company should have been left for dead a long time ago.
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