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  • Saab Deal Still Dead in the Water

Saab Deal Still Dead in the Water

Rory Jurnecka
Dec 24, 2009
If your holiday wish is for Saab to be saved, you might want to make a new wish. According to Automotive News, who spoke with General Motors' senior PR man Chris Preuss, the automaker plans no new announcements regarding the failing Swedish automaker.
"At this point, GM has no plans for any further announcements regarding Saab," said Preuss. "If anything changes or if any new deal or actions arise, we would certainly communicate them, but right now there's nothing to communicate."
The statement was made after Dutch automaker Spyker's last-minute appeal to purchase the troubled Swedish brand. Spyker reportedly submitted a new buyout offer that addressed the primary concerns that were left unresolved in previous negotiations. Initially, Spyker had given a deadline on the deal of Monday evening, but has since extended the offer indefinitely.
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Still, GM has shown no signs that it is interested in the new offer, and is charging ahead with announced plans to shut the Saab brand down over the course of the next few months. According to Automotive News, there is currently a 130-day supply of Saab vehicles at U.S. dealers -- or 2100 vehicles. Just 371 Saab vehicles were sold in the U.S. last month.
Part of Saab will live on, in a sense, even if the brand is truly dead. China's Beijing Automotive Industry Holdings Co. has purchased the rights and tooling for the current 9-5 and previous 9-3 sedans and is planning to build the vehicles in China for the domestic market. The fate of the next-generation 9-5 sedan, tooling for which is ready for production, is undetermined.
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Source: Automotive News (Subscription required)

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