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NINETY EIGHT REGENCY

REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab

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REPORT: No alternatives left - Whitacre says it's Spyker or the Grim Reaper for Saab

It's now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company bidding for the Swedish automaker -- Spyker -- which has yet to turn a profit. GM Chairman and interim CEO Ed Whitacre told a group of reporters at the company's Detroit headquarters that Spyker is the only automaker left bidding for the perennially struggling automaker. Whitacre reportedly told attendees that striking a deal was "possible," but he then reiterated that Saab would close if the deal isn't struck by the end of the year.

At the same time, the General is also reportedly selling off bits to the outgoing Saab 9-5 and the pre-2006 9-3 to Chinese automaker BAIC. Tooling for the vehicles is likely never to be used by GM or Spyker in the future so the move makes plenty of financial sense.

While the potential demise of Saab saddens us, especially when considering how close the Swedish automaker is to launching the new 9-5 and perhaps the 9-4, it's nice to see that the General is finally moving quickly and decisively to right its ship. Hat tip to MowtownMan!

LINK:

http://www.autoblog.com/2009/12/15/report-no-alternatives-left-whitacre-says-its-spyker-or-the/

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criminal absolutely CRIMINAL the 9-5 won't see light of day. or the 9-4.

This. Two brand-new vehicles from a company that rarely ever releases new products.

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Saab is toast. The 9-4x was probably as different to the SRX as the 9-7x was to the Trailblazer. So that is no loss. 9-5, I guess we'll never know, but with the Regal, LaCrosse, coming Malibu and perhaps an Impala and XTS on Epsilon, do we really need a Saab variant also? Plus, Saab wasn't selling cars, they lost $5,000 on every one they made, and they were only retaining 9% of their customers.

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A great shame no one will produce the 9-5. I wonder what will happen to the fleet of test vehicles?

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Pardon me if I'm being dense, but why wouldn't the 9-5 launch if Spyker ends up buying it?

I'm guessing that you are referring to the comment about the cars being scrapped.

If so, OOC is talking about the development cars which would be scrapped in any case whether or not the 9-5 actually makes production. The fate of the new cars would depend on the specifics of any agreement of sale.

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