Saab Not (Quite) Dead Yet

Bertel Schmitt
by Bertel Schmitt

There still is faint interest in Saab after Koenigsegg had pulled out. China’s BAIC, Merbanco Inc. and Renco Group Inc. have made advances to GM about Saab, says Bloomberg, quoting the usual “two people familiar with the situation.”

According to the report, no written proposals have been submitted and any new bids or other options will be reviewed at a board meeting on Dec. 1.

BAIC said a few days ago that they would “cautiously re-evaluate the situation and make appropriate plans.”

Merbanco is a Wyoming-based investor group. It had lost the bidding in June to Koenigsegg. Renco is owned by billionaire Ira Rennert.

Bertel Schmitt
Bertel Schmitt

Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href=""> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href=""> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.

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  • Powermac1234 Powermac1234 on Nov 27, 2009

    Why does this saga remind me of the John Clease trying to put the dying man on the cart in Monty Python's Holy Grail, "I'm not dead yet!"

  • Steven Lang Steven Lang on Nov 27, 2009

    Where is that picture from? Wouldn't mind visiting the place on my next cross country journey.

  • Pariah Pariah on Nov 27, 2009

    My guess would be somewhere in Oregon. "Picture courtesy of" :)

    • See 1 previous
    • Revjasper Revjasper on Nov 28, 2009

      It's in Jefferson, Oregon. Just South of Salem. Rod Beckner's place. The page the photo is from has a second image more in tune with the reality of the place. Old Saabs, llamas and dogs all sharing the same place. Atomic in Portland sent me down there for a transmission rebuild, Rod did an awesome job.

  • Porschespeed Porschespeed on Nov 27, 2009

    There's also an Oregon license plate on the blue car. "I'm not dead yet!" "But you will be soon" "No, I'm feeling better..."