GM: Saab Truly Most Sincerely Dead
It’s over. The deal with Spyker (surprise) fell through, and GM has announced that Saab will be wound down and 218 US dealer closed. Automotive News reports: “We regret that we were not able to complete this transaction with Spyker Cars,” GM Europe President Nick Reilly said in a statement. “We will work closely with the Saab organization to wind down the business in an orderly and responsible manner.”
GM is calling Saab’s wind down neither a bankruptcy nor a forced liquidation process:
“Consequently, we expect Saab to satisfy debts including supplier payments,” Reilly said, “and to wind down production and the distribution channel in an orderly manner while looking after our customers.”
GM’s peak for Saab was 47,914 in 2003. The company’s U.S. high was 48,181 in 1986. In 2009 YTD, Saab sold 7,812 cars in the US.
born from jets. killed by douchebags.
And now that Tiger can't hawk Buicks, that brand is dead too!
I had two. The first, a classic 900 turbo, was unique at the time as you were getting a fast car, set up for euro highway use, with unique styling. The back seat was big enough, something missing in today's 3 sized cars. The hatchback made this a mini pickup truck. You still had a quick turbo, good mileage, and a safety cage. In the mid 80s this was radical. A later 1/2 GM 9-3 had some of those attributes, but the big rear seat was missing. (yah, I know, that 6 inches of floorpan metal makes it cost 10k more, if a euro car). Still quick, but built cheaply. The old school 900 was finicky but well built. And then, they never upgraded them again....and they died of failure to evolve.
Ms. Harry says it all right here: http://www.youtube.com/watch?v=Q-KH2WI4Gzw