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- Is Saab Going, Going, Gone? Rumors Of Near-bankruptcy Circulate
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink. News reports say Saab missed another payroll and its suppliers still...
- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Is In Trouble? Unpaid Suppliers Shut Down The Assembly Line For Lack Of Payment
Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that...
- Saab Lives, Thanks To Spyker Auto
Well, perhaps the turmoil of the last year is over for at least one of GM's orphaned brands, Saab. For 20 years GM has had control of Saab but it now has reportedly struck a deal with Spyker Cars NV, a Dutch sports car builder, for sale of the trouble...
Law and Rights
Dutch Luxury Car Maker Bids for Saab
First it was reported that any Saab sale was kaput. Then it was reported that a China company was mulling it over and a sale looked likely.
Now, they say the Dutch are back in the buying game, as luxury car maker Spyker Cars NV was reported to be the buyer wanna-be. Only thing is, they need this piddly 400 million Euro loan from the banks and the banks want a government gurantee that they'll get their money back.
Meanwhile, with inventory dwindling and employees jumping ship right and left, Saab dealers are themselves shutting down their stores.
If GM intends to sell Saab, if anyone intends to buy Saab, they better do it pretty soon. Otherwise they'll only be buying die molds and parts and the Saab logo but they'll have to rebuild the Saab dealer network from scratch because there won't be any dealers left. Of course, maybe that's what they are trying to do.
It's all a bit reminiscent of Abbott and Costello's Who's on First, What's on Second and I Don't Know's on Third. Sad, funny, and true.
Meanwhile, if you've got a lemon Saab, GM says they still back 'em (but you'll probably need a lawyer to make them do anything). Getting rid of lemon Saab vehicles is what we do. Every day. Since 1978.
Burdge Law Office
http://www.newcarlemonlaw.com/
Because life's too short to drive a lemon.
Subscribe in a reader- Is Saab Going, Going, Gone? Rumors Of Near-bankruptcy Circulate
Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink. News reports say Saab missed another payroll and its suppliers still...
- Saab Troubles Continue As Asset Seizure Nears
It's a sad story for Saab owners around the world. The only vehicle actually being built right now is reportedly just the 9-4X Suv model with the rest of the Saab model line on hold while every day is undoubtedly causing heartburn in the board room....
- Saab Is Tottering On The Brink Of Collapse - Financing Falls Thru
Saab breathed a sigh of relief a few days ago when it announced a deal with a Chinese automaker that would have Hawtai Automotive Group gobble up 29.9% of Saab and loan it more money, funneling to Saab $216 million. With the money, Saab was set to pay...
- Saab Is In Trouble? Unpaid Suppliers Shut Down The Assembly Line For Lack Of Payment
Unpaid suppliers shut down the assembly line for lack of payment on overdue bills from Saab. The Saab Sweden plan got back to normal after a day long shut down that was sparked when suppliers refused to deliver parts because of outstanding bills that...
- Saab Lives, Thanks To Spyker Auto
Well, perhaps the turmoil of the last year is over for at least one of GM's orphaned brands, Saab. For 20 years GM has had control of Saab but it now has reportedly struck a deal with Spyker Cars NV, a Dutch sports car builder, for sale of the trouble...