Law and Rights
Saab just can't seem to get it up and running as the money continues to run out. Last month it made a deal with China's largest dealer network that promised to refuel the Swedish automaker with badly needed funds to reopen its plant, according to thedetroitbureau.com.
The Hatai Group from china had agreed to buy up 29.9% of Saab but Chinese bureaucrats nixed that deal.
Then along came Pang Da, China's largest dealer network, which made a deal with Saab to buy 24% of the company. That would effectively pour millions of dollars into the company just when it needs it the most and open the Chinese market to the Swedes. But the same Chinese bureaucrats haven't okay'd the deal yet.
Meanwhile, Saab is drying up. They had started production back up on May 27 only to have it shut down in a matter of days, even though they received "an initial payment" from Pang Da. Saab spokespersons are only saying that the money situation "is tense."
So, folks, if you're thinking of buying a used Saab, don't count on being able to get any replacement parts. The way things are going, those parts are likely to end up being made in China.
Got a lemon car or lemon truck? Don't put up with it. If your dealer won't help you, call us on our toll free line, 1.888.331.6422, or email us at [email protected].
Getting rid of lemons is what we do. Making the manufacturer pay our attorney fees - instead of you - just comes naturally to us.
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- 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....
- Chinese Buy Control Of Saab - Well, They Own Everything Else Already Anyway, Right?
Swedish car maker Saab has been struggling for months to survive - in fact, ever since GM dumped them after the GM bankruptcy - and things are still shaky, but now there's a white knight investor to the rescue. Well, actually a Chinese knight, sort...
- For Saab, What's Behind Door #2? Or Is It #3? Survival?
Cash-shy Swedish carmaker Saab is still out panhandling it seems, but maybe things are looking more hopeful. After the Russian banker (Vladimit Antonov) fell through, after the Chinese company (Hawtai) didn't happen, now they're on to "door #3"...
- Saab Plant Continues Shut Down; Parts Shortage; Millions Owed To Suppliers?
Saab's main assembly plant in Sweden remains shut down while parts suppliers line up with hand outstretched, wanting paid for parts deliveries. Saab officials say they have $200 million in the bank, according to The Detroit Bureau, but still are trying...
- 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...
Law and Rights
Saab opens manufacturing plant - and gets shut down again - it just never ends
Saab just can't seem to get it up and running as the money continues to run out. Last month it made a deal with China's largest dealer network that promised to refuel the Swedish automaker with badly needed funds to reopen its plant, according to thedetroitbureau.com.
The Hatai Group from china had agreed to buy up 29.9% of Saab but Chinese bureaucrats nixed that deal.
Then along came Pang Da, China's largest dealer network, which made a deal with Saab to buy 24% of the company. That would effectively pour millions of dollars into the company just when it needs it the most and open the Chinese market to the Swedes. But the same Chinese bureaucrats haven't okay'd the deal yet.
Meanwhile, Saab is drying up. They had started production back up on May 27 only to have it shut down in a matter of days, even though they received "an initial payment" from Pang Da. Saab spokespersons are only saying that the money situation "is tense."
So, folks, if you're thinking of buying a used Saab, don't count on being able to get any replacement parts. The way things are going, those parts are likely to end up being made in China.
Got a lemon car or lemon truck? Don't put up with it. If your dealer won't help you, call us on our toll free line, 1.888.331.6422, or email us at [email protected].
Getting rid of lemons is what we do. Making the manufacturer pay our attorney fees - instead of you - just comes naturally to us.
Burdge Law Office
www.UsLemonLawyers.com
Because life's too short to drive a lemon
www.UsLemonLawyers.com
Because life's too short to drive a lemon
Subscribe in a reader- 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....
- Chinese Buy Control Of Saab - Well, They Own Everything Else Already Anyway, Right?
Swedish car maker Saab has been struggling for months to survive - in fact, ever since GM dumped them after the GM bankruptcy - and things are still shaky, but now there's a white knight investor to the rescue. Well, actually a Chinese knight, sort...
- For Saab, What's Behind Door #2? Or Is It #3? Survival?
Cash-shy Swedish carmaker Saab is still out panhandling it seems, but maybe things are looking more hopeful. After the Russian banker (Vladimit Antonov) fell through, after the Chinese company (Hawtai) didn't happen, now they're on to "door #3"...
- Saab Plant Continues Shut Down; Parts Shortage; Millions Owed To Suppliers?
Saab's main assembly plant in Sweden remains shut down while parts suppliers line up with hand outstretched, wanting paid for parts deliveries. Saab officials say they have $200 million in the bank, according to The Detroit Bureau, but still are trying...
- 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...