The New Bailout

Undertoad · 02-20-2009, 01:01 PM

Quote:

Originally Posted by tw

GM must eliminate Saab, Saturn, Pontiac, and Hummer.

Saab just filed for bankruptcy, thus allowing GM to sell.

It turns out the Swedish government was not interested in a bailout plan, opting instead to send them to bankruptcy. Huh. If only the US were as capitalist a country as Sweden...

GM killed a great brand. Saabs used to be the coolest thing on the roads. Now they are bland pieces of shit. Maybe they can be resurrected.

glatt · 02-20-2009, 01:03 PM

I was just thinking the same thing yesterday. Back in the 80s, Saabs were everywhere. I haven't seen one on the road in ages. GM killed the company. Or at least made the cars so bland I don't even see them when they are driving around.

glatt · 02-20-2009, 01:17 PM

I just found this graph of Saab sales over the years. They grew steadily during the 80s and peaked in 87, which is around the time I remember I started seeing them everywhere. Then they took a nosedive.

Partway though the nosedive, GM acquired a majority stake in them (1990,) and slowly started to grow the brand again in the early-mid 90s. Then about 3-4 years ago, they took a nosedive again.

glatt · 12-19-2009, 08:01 AM

Quote:

Originally Posted by glatt

I just found this graph of Saab sales over the years. They grew steadily during the 80s and peaked in 87, which is around the time I remember I started seeing them everywhere. Then they took a nosedive.

Partway though the nosedive, GM acquired a majority stake in them (1990,) and slowly started to grow the brand again in the early-mid 90s. Then about 3-4 years ago, they took a nosedive again.

I just read in the paper this morning that GM couldn't find a buyer for Saab, so they are shutting it down.

That's it. Saab had a nice run and produced some neat cars, but now they have gone the way of the Studebaker. Good bye Saab.

glatt · 01-26-2010, 02:42 PM

Quote:

Originally Posted by glatt

GM couldn't find a buyer for Saab, so they are shutting it down.

But wait! There's a last minute deal. GM just reached a deal with exotic car maker Spyker and the Swedish government to unload Saab. Saab's not dead yet, and being owned by an exotic car maker may give it a much needed boost.

sugarpop · 02-21-2009, 09:18 PM

Quote:

Originally Posted by Undertoad

Saab just filed for bankruptcy, thus allowing GM to sell.

It turns out the Swedish government was not interested in a bailout plan, opting instead to send them to bankruptcy. Huh. If only the US were as capitalist a country as Sweden...

GM killed a great brand. Saabs used to be the coolest thing on the roads. Now they are bland pieces of shit. Maybe they can be resurrected.

GM also killed the electric car. The company should just be sold off to the highest bidder. Why are we paying so much more than the company is even worth?

And Chrysler is a private corporation owned by wealthy hedge funds. So why the hell are we bailing them out? Shouldn't they use their own money?

02-20-2009, 01:03 PM	#2
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I was just thinking the same thing yesterday. Back in the 80s, Saabs were everywhere. I haven't seen one on the road in ages. GM killed the company. Or at least made the cars so bland I don't even see them when they are driving around.

02-20-2009, 01:17 PM	#3
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I just found this graph of Saab sales over the years. They grew steadily during the 80s and peaked in 87, which is around the time I remember I started seeing them everywhere. Then they took a nosedive. Partway though the nosedive, GM acquired a majority stake in them (1990,) and slowly started to grow the brand again in the early-mid 90s. Then about 3-4 years ago, they took a nosedive again.

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