Saabs may become cool again

[ctenidae]

Looks like the Chinese will buy Saab now

 

[Warp Daddy]

Looks like the Chinese will buy Saab now

been hearing that rumor for awhile --Geeley group???

 

[hammer]

been hearing that rumor for awhile --Geeley group???

Been hearing that for Volvo...Ford did enough to damage Volvo's reputation IMO, my guess is that Geely would only make it worse...:sad:

 

[WJenness]

I've also heard that Geely is looking at buying Volvo and Saab... that'll be an interesting union... Two sweedish car makers owned by a Chinese company.

Wonder what will become of that...

Of course, they may just decide to buy one or the other. (whichever they get a better deal on).

-w

 

[ctenidae]

I've also heard that Geely is looking at buying Volvo and Saab... that'll be an interesting union... Two sweedish car makers owned by a Chinese company.

Wonder what will become of that...

Of course, they may just decide to buy one or the other. (whichever they get a better deal on).

-w

Not, I suppose, any odder than an Indian car company owning Jaguar.

I've heard rumors that GM may be on the Chinese shopping list.

 

[ctenidae]

been hearing that rumor for awhile --Geeley group???

Beijing Automotive, actually.

 

[wa-loaf]

Vaalbo :lol:

 

[o3jeff]

Not, I suppose, any odder than an Indian car company owning Jaguar.

I've heard rumors that GM may be on the Chinese shopping list.

Saw this article the other day.
http://money.cnn.com/2009/11/23/news/companies/gm_china/index.htm

 

[ctenidae]

Saw this article the other day.
http://money.cnn.com/2009/11/23/news/companies/gm_china/index.htm

Had not seen that. Def still in the "rumor and supposition" category, but an interesting idea.

What's going to happen when Bud-drinking pickup truck-driving redne...er, -blooded Americans realize they aren't buying American anymore? Heck, even the shotguns in the windows aren't made in America (Winchester and Browning are owned by Fabrique Nationale of Belgium. At least Remington's still American. Until Cerberus (private equity) sells them to teh Chinese)

 

[Glenn]

What's going to happen when Bud-drinking pickup truck-driving redne...er, -blooded Americans realize they aren't buying American anymore?

C'mon dude. Not everyone who drives a pickup is an uneducated hick.

 

[ctenidae]

C'mon dude. Not everyone who drives a pickup is an uneducated hick.

I know, but stereotypes aren't funny if you qualify them.
I used to drive a pickup. But then I got edjumacated.

 

[andrec10]

Or Saab may just faaade into the sunset. Now GM does not have a solid buyer for them, sounds like the Saturn-Penske deal...FAIL. Almost bought one in the early 90's, but it was just a little too off...

 

[ctenidae]

Or Saab may just faaade into the sunset. Now GM does not have a solid buyer for them, sounds like the Saturn-Penske deal...FAIL. Almost bought one in the early 90's, but it was just a little too off...

You may be right. Now that GM is in to their 3rd CEO in a year, the whole "selling things" gambit doesn't seem to be working. If they can't close a deal on Saab, sounds like they may just close it. Two failed deals may be why Henderson's out after an 8 month run.

Of course, then Konnigsegg could just buy the name and IP for nothing. It's interesting that the only people willing to pay up for GM brands are not natural owners. You'd think an auto parts maker would know better, and I'd expect Konnigsegg (how the hell do you spell that again?) would be able to get gov't loans for expanding their line and production just as easily as for buying Saab. But, maybe not.

I wonder what the over/under on GM disappearing entirely is. I'm having trouble imagining a win for them.

 

[Warp Daddy]

GM = Gone Motors ----------------------------------Soon

 

[wa-loaf]

GM = Gone Motors ----------------------------------Soon

Chevy, GMC, and Cadillac must have some life left in them. Maybe not as part of GM, but it would be hard to imagine them going away.

 

[ski_resort_observer]

Interim GM CEO Fritz Henderson just resigned. Many auto pundits feels the SAAB situation was the final straw. The Swedes just said, thanks but no thanks. I guess the Chinese is the next stop.

How things change....30 years it was the Japanese who were financing alot of world debt and buying up companies and properties in the US like drunken sailors. I remember they bought property near Steamboat had plans for a huge developement. The artist's rendition looked amazing. Never got built.

Up until about 5 years ago, it was the oil barons of the Middle East. If you thought Dubai was to rich to have problems you'd be wrong. For the last 5 years it's been China. Good luck to GM for that sell.

 

[o3jeff]

http://money.cnn.com/2009/12/18/autos/saab_closed/index.htm

 

[wa-loaf]

http://money.cnn.com/2009/12/18/autos/saab_closed/index.htm

Saw that on MSNBC.com. Looks like the plug has been pulled.

 

[Warp Daddy]

That sucks !

Here's my xmas wish for GM -- Hope u bastids r next !!

 

[WJenness]

That sucks...

On the plus side, it may make the 9-3 my girlfriend wants to buy cheaper

-w