[Newsbot]

Title: Swedish car maker Saab files for reorganization
Category: Business
Posted By: martin14
Date: 2009-02-20 03:09:04

[martin14]

looks like the Swedish version of Chapter 11..
wonder if Opel will do the same..

[DrCaleb]

martin14 wrote:

looks like the Swedish version of Chapter 11..
wonder if Opel will do the same..

I read that Hummer, Saab and Saturn are all GM brands that will die. I'd almost expect if they are willing to kill Saturn, that anything is possible.

[mtbr]

GM sinks another ship, hey Stemmer whats the excuse for this one since it's not a NA company

[mtbr]

Swedish government rejects Saab plan.

"The company can't pay its debts. Saab is bankrupt, slut, finito, finished and kaput," Svenska Dagbladet analyst Nils-Olof Ollevik wrote on Saturday.



http://www.thelocal.se/17744/20090221/

[herbie]

You could see the Saturn thing coming. GM bled away any attempt at innovation in the last few years. Just another clone.
Funny thing is how all those clones are originated from Saabs....
Hoped they'd see the light and ditch Pontiac and GMC trucks.

[martin14]

mtbr wrote:

Swedish government rejects Saab plan.

"The company can't pay its debts. Saab is bankrupt, slut, finito, finished and kaput," Svenska Dagbladet analyst Nils-Olof Ollevik wrote on Saturday.



http://www.thelocal.se/17744/20090221/

dont count Saab out.. wait till they file the papers, get away from GM,
and then someone *cough*government*cough* will come along and
nationalize it.

[saturn_656]

herbie wrote:

You could see the Saturn thing coming. GM bled away any attempt at innovation in the last few years. Just another clone.
Funny thing is how all those clones are originated from Saabs....
Hoped they'd see the light and ditch Pontiac and GMC trucks.

I'd rather see them ditch Chevrolet and use the GMC brand for trucks and SUV's, Pontiac for cars.

Never liked the styling on the Chevrolet cars... ever.

[Streaker]

They won't ditch Chevrolet except as a last resort.

From a marketing standpoint it would make more sense to kill Buick instead.

[saturn_656]

Streaker wrote:

From a marketing standpoint it would make more sense to kill Buick instead.

Their best selling brand in China? No they wouldn't do that either.

[poquas]

Saab was easily the equivalent to Volvo, and Saturn is regularly at the top end of the quality curve for GM.

The fact GM has sunk one, and is planning to let the other die convinces me they really don’t have a plan or a goal.

When the banks won’t loan them money, the governments should pay closer attention.