The New Bailout

[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.

[glatt]

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]

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.