By on December 30, 2011

Yesterday, the alleged enthusiast blog did play its usual “if we would tell you, they would shoot us” about a possible suitor from India:

“We are not allowed to reveal the identity of the company yet, but we are allowed to reveal some facts about it. They are of course based in India but acts on a world-wide basis with much more than 100’000 employees worldwide. They are a multi-billion dollar company, that work on multiple fields such as energy, logistics, real estate and of course within the aerospace and automotive industry.”

Bloomberg does not bother playing twenty questions and reports:

 “Mahindra & Mahindra Ltd., India’s biggest sport-utility vehicle manufacturer, is interested in buying at least parts of bankrupt Swedish carmaker Saab Automobile, two people familiar with the situation said.”

 Not more is known about the matter. According to Swedish media, Mahindra hasn’t even had an audience with the administrators yet.

 

 

Get the latest TTAC e-Newsletter!

29 Comments on “What To Do With Bankrupt Saab? Sell It To The Indians...”


  • avatar
    John R

    These guys. It really is going to take the “SAAB” sign physically coming down from…whatever, man.

  • avatar
    GS650G

    The question is will saabsunited embrace the Mariuti Aero 9-5 sedan when it is released?

  • avatar
    DaveDFW

    I used to read SU, if only to understand the eternal optimist viewpoint. But I stopped when I realized every nugget of hope was cloaked in “trust me–I know something that you don’t” when indeed nothing has worked out for Saab. Is anyone even paying attention to SU any longer?

    • 0 avatar
      keepaustinweird

      +1. The inmates are truly running the asylum at SU. I visited SU regularly when it was in the care of Steven Wade…at least he had standards and could write in flawless English. Its just sad what’s become of the site since he left to pursue his dream job at SAAB….shame how it worked out for him, and I hope he can start a fresh SAAB enthusiast site that has relevance and respect. The SU brand is too tarnished to repair IMO.

      • 0 avatar
        majorfrn

        I agree about Steven Wade. His enthusiasm for Saab is genuine without foaming. I also hope to see him writing again in a regular forum. Perhaps once the dust settles and Bertel is sick of writing about Saab he can hand over the reins…although judging by the events to date that might be around 2016 or so.

    • 0 avatar
      moosex

      Yep, the “We know more than you or any other news source”-boasting which is still going on is really embarrassing. After all we are still waiting for the “The Deal”, and about hundred other things the church of Saab saw in the future, but could not tell us…

  • avatar
    spyked

    Huge fan of SAAB the Swedish firm and SAAB cars. But why would Indians want SAAB? They have Jag and Land Rover. LOVE the irony in that, BTW. Anyway…what does SAAB have that they need/want? NOTHING. Just rumors.

  • avatar
    George B

    So what would it take for GM to support the sale of Saab and what potential suitor is simultaneously able to pay off GM and still be weak enough not to be a threat to GM? Still can’t see a path for Saab to come back from the dead.

  • avatar
    dejal1

    Don’t you know that SU and it’s members are connected? They know man, they know.

    Such as:

    “Peter Gilbert said on December 30, 2011

    Because of their Aerospace capabilities, resources and finances this could be quite a marriage. Because GM is Government owned and they are depriving the US Taxes payers of revenue from the sale I think it is time I spoke to my political allies in Washington. I mean Senate and Congress!”

    Petey is a playa!! Yo!!

    TimR is the Col. Kurtz of Saab:

    “Hey, man, you don’t talk to the Colonel. You listen to him. The man’s enlarged my mind. He’s a poet-warrior in the classic sense. I mean sometimes he’ll… uh… well, you’ll say hello to him, right? And he’ll just walk right by you. He won’t even notice you. And suddenly he’ll grab you, and he’ll throw you in a corner, and he’ll say, do you know that ‘if’ is the middle word in life? If you can keep your head when all about you are losing theirs and blaming it on you, if you can trust yourself when all men doubt you… I mean I’m no, I can’t… I’m a little man, I’m a little man, he’s… he’s a great man. I should have been a pair of ragged claws scuttling across floors of silent seas… “

  • avatar
    Educator(of teachers)Dan

    Sure why not? This is no more far fetched than anything else that has been proposed.

    Just a question, how much excess capacity would the true death of SAAB take out of the global auto industry?

  • avatar
    Its_Magic

    The curators don’t want to talk to Mahindra:
    http://ttela.se/ekonomi/saab/1.1481227–de-avvisar-ett-seriost-bud-

    And guess who is their spokesperson: Lars Carlström. You know, the same person who represented Vladimir Antonov…

  • avatar

    Remember the cow in the Jim Carrey movie ‘Me, Myself and Irene’ that simply would not die? That movie was hilarious, the Saab Story however is getting pretty embarrassing.

  • avatar
    jeff_vader

    Will be interesting to see how much of Saab there is left to sell. Youngman are so convinced that they own the PhoeniX platform that the gorgeous,pouting Rachel Pang is in Stockholm now setting up a company to transfer the technology to them.

    Hemfosa Fastigheter, the commerical landlords who Muller sold off the factories & buidings to, is saying they plan on keeping them unless someone comes up with a good offer.

    Saab Parts is about to be sued by both the UK and US dealer networks.

    The Lithuian authorities may soon come knocking asking for Mr Antonovs money back.

    GM already have basically said they are taking the 9-4X back and I’m guessing they still have the right to veto any buyer.

    And lets not forget the basic problem, that both the 9-3 and the new 9-5 are just not good enough in the current marketplace.

    Oh and SAAB AB are probably about to take the name back.

    Sounds like a good buy, where do I sign?!?!

  • avatar

    Die Hard, part 4. And who are those young men you guys constantly mentioning?

  • avatar
    mkirk

    Oh, so will I be able to at last get a Mahindra diesel p/u badged as a Saab?

  • avatar
    Paddan

    I read that the BR administrators were impressed by the Phoenix design and the “Saab Spirit” and had a somewhat positive report to the Swedish press about the possibilities of a sale; at least one party is interested within Sweden and a few outside Sweden. But Gee Emm will throw a wet blanket on that party. Just my guess. That’s ok, because the value of my old Saab 900 Turbo likely is rising as a result of all the attention about Saab closing, according to an article in NYT. Heh. I seriously do feel for the folks left holding the bag – the buyers of Swan cars that no longer have a warranty, the dealers and all the Saab employees. Sweden was a real help to Saab when GM owned it and asked for government assistance in 2008. Sweden told GM to scratch. This mess is the payback.

  • avatar

    I have a friend who saw the top secret documents referring to CIA operation under the code name “Omega-2012″. According to those documents the main objective of operation “Omega-2012″ was to prevent unfriendly governments from getting their hands on disruptive technologies (like Phoenix) developed by American companies and their affiliates. CIA forced US companies and especially ones who get help from US Government to pledge unconditional allegiance to the leaders of operation “Omega-216″. Many media sources were also forced to participate in operation by discrediting persons and organization involved in technology transfer. Another method used was to cut financing and help from other governments to companies involved in transfer.

    I know for sure that Mr.Antonov is an honest man and a visionary businessman. But unfortunately with his vision for new SAAB he went too far against interests of US Government and its puppets. CIA also forced Swedish government to stay away from SAAB and watch it drown. Swedish government had no reason not to save thousands high paying jobs and help to develop world changing technologies like Phoenix. But it and many European bank were discouraged from helping SAAB since Europe now depends on bailout funds from US Government not different from what happened after WW2.

    • 0 avatar
      jeff_vader

      Can I have some of what you’re smoking?

      You should post that on The Church Of The One True Saab, it would confirm all their conspiracy theories. One of them on there actually believes that the reason the New 9-5 was such a sales disaster in the UK was because Jaguar had bribed all the motoring magazines to give it bad reviews.

      • 0 avatar
        Paddan

        You know, that conspiracy theory makes a whole lot of sense now, Jeff V, because Tata knew it could force Saab into bankruptcy and later scoop it up real cheap. Yup.

    • 0 avatar

      Dammit! This project was supposed to be top secret! People just can’t be trusted anymore, always running off at the mouth.

  • avatar
    jeff_vader

    Yes Paddan, I guess that it could be true. But here’s a thought, a bit left field I know but bear with me.

    The 9-3 was nearly a decade old when Saab went bust and wasn’t good enough.

    The New 9-5 was brand new & still wasn’t good enough.

    The cars weren’t selling because they weren’t any good not because Jaguar were worried about sales of the XF.
    And what of Saab is there left for the Indians to buy? As I said up there; the landlords own the factories, Youngman are convinced they own the PhoeniX project, the 9-4X would appear to be cancelled, the Latvian banks will want Antonovs money back, GM will be able to veto any deal and SAAB AB are probably going to take the name back. All that leaves is the tooling for the current 9-3 and good luck with that.

    Those ostrichs with their heads buried in the sand over at The Church Of The One True Saab STILL don’t get it. They are talking like a white knight will come over the horizon to buy the whole company when there isn’t a whole company still to buy. Their total ignorance in all matters business and in particular all that “we know something no one else knows” BS just astounds me every time I lurk there (I was banned for pointing out some home truths about North Street Capital.). They just can’t understand that nobody runs a car company for love, its all about the money.

    Saab has died and despite what the true believers think, is not coming back because the product wasn’t good enough & not enough customers cared anymore. Its the first brand, it will not be the last. This year is going to be one where the industry finally realises that there are too many brands trying to sell too many cars to a market that is no longer there. A LOT of people in this business are about to have a very bad year.

    • 0 avatar
      Paddan

      Not sure I agree that the cars were not good enough. They were not good enough at the price point they were trying to sell at. The vehicles were actually excellent. And if that crap from Chrysler can sell, the Saabs should have sold, but they were simply too expensive and nobody knew about Saab living in 2010 after GM’s liquidation of Saab because Swan didn’t have enough resources to advertise the hell out of them or give them drop dead warranties that made them super compelling to either former Saab owners or those new to the fold. Unfortunately, the innovations the Saab was working on never came to fruition such as electric all wheel drive and Phoenix. There were truly innovative folks at Saab that could not realize their work. There may be a sliver of hope GM might relicense it’s IP to another company which could buy Saab in BR, but given the conditions I suspect GM would require and cost, I doubt that will go anywhere. By the way, I think the real estate deal might have to be unwound due to its proximity to the BR filing but I may be wrong about that. I don’t think the Latvian banks will get their money back anytime soon.

  • avatar
    jeff_vader

    Over at The Church Of The One True Saab, their “We Are Many,We Are Saab” campaign isn’t going so well Their big meetings on the 15th/16th worldwide have so far attracted just under 2000 members of the board. If you say treble that for people who know about the campaign but don’t want to post, that makes about 6000 people who still give a crap about Saab.

    That will look attractive to any possible buyer. 6000 Saabistas driving around in 15 year old 9000s shouting about how nasty GM are.
    I’m pretty sure that 6000 is pretty much what Ford register just in the UK per month,

  • avatar
    jeff_vader

    This just in from the Not A Surprise At All file.

    The gorgeous, pouting Ms Pang as stated in an interview with di.se this evening that Youngman will be happy to get the tooling, production line and rights to the current 9-3 as part of the bankruptcy proceedings to go along with the PhoeniX platform which they already believe they have a watertight contract for. She also believes that GM will withdrawal the rights to the new 9-5 and the 9-4X is dead and buried.
    Looks like someone thinks they’ve got exactly what they wanted all along.

    Ever get the feeling you’ve been shafted, Mr Muller?


Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India