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#1 2009-11-25 06:46:28

jurni
Member
From: Somerville, MA
Registered: 2006-04-28
User Number: 1117
Posts: 287

Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

Sad news.  SAAB will most likely be no more:



General Motors said it could decide next week to close its Saab Automobile unit after the Swedish company that planned to buy the brand backed out.

It was the third time in less than two months that a sale of a G.M. brand has been called off, reflecting the difficulty of selling underperforming divisions in the midst of a global sales slump, Nick Bunkley writes in The New York Times.

G.M. said on Tuesday that its board planned to determine next week what to do with Saab. Closing the brand, as G.M. initially planned to do if it could not find a buyer, is a strong possibility, two people with direct knowledge of the company’s plans said. The people spoke on condition of anonymity because the board had not made its decision.

The other options for G.M. are to seek another buyer or keep Saab, though both those steps are considered less likely.

When Penske Automotive terminated its deal to buy Saturn in September, G.M. immediately announced that the brand and its dealerships would close.

Koenigsegg Group, which agreed to buy Saab in June, issued a statement attributing its decision to G.M.’s moving too slowly.




http://dealbook.blogs.nytimes.com/2009/ … next-week/


More info here:

http://www.reuters.com/article/innovati … 9020091125

Last edited by jurni (2009-11-25 06:50:21)

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#2 2009-11-25 07:22:05

skullmurdoc
Member
From: Terrebonne
Registered: 2009-09-30
User Number: 3988
Posts: 55

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

jurni wrote:

Sad news.  SAAB will most likely be no more:



General Motors said it could decide next week to close its Saab Automobile unit after the Swedish company that planned to buy the brand backed out.

It was the third time in less than two months that a sale of a G.M. brand has been called off, reflecting the difficulty of selling underperforming divisions in the midst of a global sales slump, Nick Bunkley writes in The New York Times.

G.M. said on Tuesday that its board planned to determine next week what to do with Saab. Closing the brand, as G.M. initially planned to do if it could not find a buyer, is a strong possibility, two people with direct knowledge of the company’s plans said. The people spoke on condition of anonymity because the board had not made its decision.

The other options for G.M. are to seek another buyer or keep Saab, though both those steps are considered less likely.

When Penske Automotive terminated its deal to buy Saturn in September, G.M. immediately announced that the brand and its dealerships would close.

Koenigsegg Group, which agreed to buy Saab in June, issued a statement attributing its decision to G.M.’s moving too slowly.




http://dealbook.blogs.nytimes.com/2009/ … next-week/


More info here:

http://www.reuters.com/article/innovati … 9020091125

Damm! banghead
I'm less and less sure to buy a 9-2x. unamused

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#3 2009-11-25 08:03:42

Linear Man
aka Boxer4dad
From: Brighton, MI
Registered: 2005-10-05
User Number: 837
Posts: 3527

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold


Had>>>> 05 Black Linear 5MT, Prem. Package

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#4 2009-11-25 08:48:01

krazykarguy
Worst ninja editor, ever.
Supporter
From: South Carolina
Registered: 2007-04-06
User Number: 1944
Posts: 8100

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

skullmurdoc wrote:

Damm! [sic] banghead
I'm less and less sure to buy a 9-2x. unamused

Why? I would wager that 80% of these cars (if not more) are way out of warranty, and parts for Subarus are plentiful. Anyone who has ever turned a wrench on a Subaru can work on the cars.

Saab not being around any longer shouldn't affect your decision at all. Anyways - Saab supposedly pulled out of Canada a while ago.


2005 Aero 5MT
2014 Ford Mustang GT Premium 6MT - Sterling Gray Metallic

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#5 2009-11-25 10:58:32

b00duh
Member
From: Winnipeg, MB, Canada
Registered: 2008-12-13
User Number: 3387
Posts: 1343

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

krazykarguy wrote:

...Saab supposedly pulled out of Canada a while ago.

crap...oh well, i guess i'll save a couple bucks buying everything online. lol.


2005 Saabaru 9-2x Linear
Specs: arctic silver/5mt/cold weather package/sunroof

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#6 2009-11-25 11:05:09

skullmurdoc
Member
From: Terrebonne
Registered: 2009-09-30
User Number: 3988
Posts: 55

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

krazykarguy wrote:

skullmurdoc wrote:

Damm! [sic] banghead
I'm less and less sure to buy a 9-2x. unamused

Why? I would wager that 80% of these cars (if not more) are way out of warranty, and parts for Subarus are plentiful. Anyone who has ever turned a wrench on a Subaru can work on the cars.

Saab not being around any longer shouldn't affect your decision at all. Anyways - Saab supposedly pulled out of Canada a while ago.

For the mechanic it's alright. But what if my bumper got smashed! It will get hard to find replacement part!

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#7 2009-11-25 11:54:57

Autofinesse
Supporter
Supporter
From: Toronto, Ontario
Registered: 2009-02-02
User Number: 3499
Posts: 764

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

Ixizbumpers!
big_smile

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#8 2009-11-25 15:12:39

b00duh
Member
From: Winnipeg, MB, Canada
Registered: 2008-12-13
User Number: 3387
Posts: 1343

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

lol or thesaabsite.com


2005 Saabaru 9-2x Linear
Specs: arctic silver/5mt/cold weather package/sunroof

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#9 2009-11-25 15:27:40

krazykarguy
Worst ninja editor, ever.
Supporter
From: South Carolina
Registered: 2007-04-06
User Number: 1944
Posts: 8100

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

I've seen primed bumper covers on eBay for less than $300 + S/H.

GM is required to have replacement parts available for 7 years. Just because there is no Saab dealership north of the border doesn't mean you can't get parts, either.

Any GM dealership can order any GM part number. So get the part number for the piece you need and go to your nearest Chevrillac/BMC dealership and order it.

It might be extremely useful to have a GM parts number listing for all 9-2x specific parts stickied on this forum. I will start compiling the parts numbers from thesaabsite.com.

Last edited by krazykarguy (2009-11-25 15:38:30)


2005 Aero 5MT
2014 Ford Mustang GT Premium 6MT - Sterling Gray Metallic

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#10 2009-11-25 19:49:55

Wagn762
Not so good in mud
Supporter
From: Grantham, PA
Registered: 2007-08-22
User Number: 2238
Posts: 2695

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

arrow-up If things go south for Saab I will hit up the parts manager for the schemetics and part #s' before he gets unemployed.


Satin Gray 05 Aero: Cold/Premium Pkg's.  5MT  Production #2,605
BBS RK's w/Michelin Pilot Super Sports

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#11 2009-11-25 20:06:04

eurospek
#6458
Supporter
From: Hampshire, IL
Registered: 2005-06-08
User Number: 181
Posts: 27756

Re: Koenigsegg Group backs out of SAAB deal. SAAB will likely fold

krazykarguy wrote:

I've seen primed bumper covers on eBay for less than $300 + S/H.

From what I remember, those bumpers aren't original, they've had some work done on them.


2016 VW GTI S 2-door Reflex Silver 6-spd

2014 VW Passat S 1.8 TSI
2005 SAAB 9-2X AERO Arctic Silver 4eat | COBB Stage 2 Protuned

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