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The Future for Saab is Hazy

Rob Sturtz
January 9, 2009

According to Automotive News, recent comments from GM Vice Chairman Bob Lutz indicate that after putting Saab under "strategic review", no potential buyers have surfaced. GM has been privately looking for buyers for Saab as the company looks to shed all but its core brands.

One potential option for Saab is to take money from the Swedish government, which said in December that they would make 25 billion kronor (equivalent to $3.19 billion) available to Saab and Ford's Volvo division as a loan. The folks in charge of Saab have yet to decide if they will take the Swedes up on the offer but given Saab's nearly 35% decline in sales year over year, I'm betting they do.

It's sad to see Saab in the past decade only shifting from mechanical problems to financial problems.

Rob Sturtz

About the Author

Rob Sturtz is an automotive expert at RepairPal, the leading online source of auto repair resources and estimates. With many ASE Master certified mechanics on staff who have decades of experience, RepairPal knows all the fine points of car repair.

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