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GM sees no buyers for Saab
General Motors' precarious cash position and a dire automotive market means that some blood-letting will occur to some of GM's brands. The General has mentioned that Saab and HUMMER are up for strategic review, which Maximum Bob Lutz told Automotive News was "code for we realize they're not working and something needs to be done." Many are expecting GM to sell Saab, but unfortunately you need a seller and a buyer to strike an accord. And sources are telling AN that the General doesn't have the latter. Tight credit markets could be part of the ... Read more →
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GM sees no buyers for Saab 11 months ago on Autoblog
General Motors' precarious cash position and a dire automotive market means that some blood-letting will occur to some of GM's brands. The General has mentioned that Saab and HUMMER are up for strategic review, which Maximum Bob Lutz told Automotive News was "code for we realize they're not working ...
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