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gm thinking of cutting saab

Old 12-02-2008, 12:37 PM
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Default gm thinking of cutting saab

i just seen on the news today that gm is thinking of cutting saab,saturn,pontiac brands
if this happens what will become of saab will there be no more saab or will another company buy the name like seat or peugot or some other european company hopefully and not ford or chrysler
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Old 12-02-2008, 12:58 PM
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Default RE: gm thinking of cutting saab

STOCKHOLM, Sweden — The Swedish government confirmed Monday it is in talks with General Motors Corp. and Ford Motor Co. after a report that the U.S. automakers are seeking support for their struggling Swedish brands Saab and Volvo Cars.
"We are obviously in talks with Saab, Volvo, GM and Ford all the time, considering the difficult situation," government spokeswoman Lisa Warn said.
Warn declined to give details on the talks, but said the European 's tough competition regulations restrain the options for the Swedish government should it wish to support the Swedish-based car industry.
Officials at GM-owned Saab and Ford-owned Volvo weren't immediately available for comments.
Ford, General Motors and Chrysler LLC have been lobbying the U.S. congress for financial assistance as the companies are being squeezed by falling sales amid the world economic crisis. However, the Swedes doubt U.S. lawmakers would be willing to support the companies' international operations.
"If GM gets money from the American government, then we're convinced that it will be earmarked for American interests," said Paul Akerlund, a representative at Saab.
U.S. legislators have demanded plans from the carmakers before they will schedule votes on any new federal aid. The plans are expected Tuesday and will be scrutinized at a Senate hearing Wednesday and a House hearing on Friday.
Volvo Cars has already said it will cut some 6,000 jobs worldwide, of which more than half are in Sweden. Ford was seeking buyers for Volvo last year, but the Dearborn, Michigan-based automaker later said Volvo is no longer for sale.[/align]
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Old 12-04-2008, 11:04 PM
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Default RE: gm thinking of cutting saab

I've run an op/ed on TurboNines running through the scenario of BMW. As I was thinking of others, a GM split sounded interesting as well... though GM's made no mention of Opel in this.

You can read it all here...
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