Notices
Car Chat General discussion about Lexus, other auto manufacturers and automotive news.
Sponsored by:
Sponsored by: Innova

$74 million deal saves Saab

Thread Tools
 
Search this Thread
 
Old Jan 26, 2010 | 01:17 PM
  #1  
The G Man's Avatar
The G Man
Thread Starter
Lexus Test Driver
20 Year Member
Photogenic
 
Joined: Oct 2005
Posts: 8,809
Likes: 143
From: MA
Default $74 million deal saves Saab

I for one am happy to see Saab stay alive. Saab have always made some pretty nice cars until GM took it over. Let see if Spyker can turn things around for Saab.


http://money.cnn.com/2010/01/26/auto...dex.htm?hpt=T2
Reply
Old Jan 26, 2010 | 01:21 PM
  #2  
I8ABMR's Avatar
I8ABMR
Lexus Fanatic
 
Joined: Sep 2007
Posts: 22,608
Likes: 105
From: Waiting for next track day
Default

I am not going to say I am happy they are going to stay around but I am wondering what effect it will have on design and quality.


Saab to many represents american reliability with euro pricing
Reply
Old Jan 26, 2010 | 01:22 PM
  #3  
2000LEX's Avatar
2000LEX
Lexus Test Driver
iTrader: (2)
 
Joined: Jul 2008
Posts: 825
Likes: 0
From: Nevada
Default

I think they should have just let them die.
Reply
Old Jan 26, 2010 | 01:25 PM
  #4  
4TehNguyen's Avatar
4TehNguyen
Lexus Fanatic
20 Year Member
Photogenic
Photoriffic
Shutterbug
iTrader: (1)
 
Joined: Jan 2006
Posts: 26,236
Likes: 89
From: Houston, Texas
Default

well its Spykers problem now, not the American taxpayer. If they wanted taxpayer money to pay for it, then yes let it die. If Spyker thinks he can save it, then let him suceed/fail
Reply
Old Jan 26, 2010 | 01:27 PM
  #5  
bad co's Avatar
bad co
Lexus Champion
 
Joined: Jul 2008
Posts: 2,485
Likes: 0
From: Park Ridge IL
Default

If Spyker puts the same effort into Saab as they do with Spykers the saab will be full of win.

http://www.youtube.com/watch?v=EXrRXIndVpc
Reply
Old Jan 26, 2010 | 02:05 PM
  #6  
bruce van's Avatar
bruce van
Lexus Champion
 
Joined: Jan 2004
Posts: 2,068
Likes: 1
From: California
Default

So now we have a company, Spyker, which has yet to make a profit, buy another company which has been been losing money. That sounds like a receipe for even more failure. Good luck to the bank that's lending them more money.
Reply
Old Jan 26, 2010 | 02:26 PM
  #7  
MPLexus301's Avatar
MPLexus301
Lexus Fanatic
iTrader: (3)
 
Joined: Jun 2004
Posts: 9,044
Likes: 1
From: Friend Zone
Default

I think it will be interesting to see what a boutique brand like Spyker will do with Saab. Unique personalities on both ends...let's see how they mesh.
Reply
Old Jan 26, 2010 | 02:41 PM
  #8  
cjf_moraga's Avatar
cjf_moraga
Rookie
 
Joined: Sep 2007
Posts: 92
Likes: 0
From: California
Default

Sometimes a brand just reaches the end of its life and deserves to die.. I mean what is the point of resurrecting this old and tired marque again.. there is nothing unique about Saab, nor is there anything to offer confidence that Spyker knows what to do with it... Spyker can spend their money how they like, but if I was one of their investors I would think they have taken leave of their senses..

Chris
Reply
Old Jan 26, 2010 | 03:08 PM
  #9  
mmarshall's Avatar
mmarshall
Lexus Fanatic
Community Builder
Community Influencer
Liked
Loved
 
Joined: Oct 2003
Posts: 94,519
Likes: 261
From: Virginia/D.C. suburbs
Default

Thanks, G-Man. I'll be at the D.C. Auto Show tomorrow...we'll see if Saab has any reps (or a display) there.
Reply
Old Jan 26, 2010 | 07:56 PM
  #10  
Faymester's Avatar
Faymester
Lexus Fanatic
 
Joined: Aug 2006
Posts: 7,468
Likes: 0
From: Vancouver, BC
Default

Originally Posted by bruce van
So now we have a company, Spyker, which has yet to make a profit, buy another company which has been been losing money. That sounds like a receipe for even more failure. Good luck to the bank that's lending them more money.
lol, always interesting when those types get together.
Reply
Old Jan 26, 2010 | 08:18 PM
  #11  
Evitzee's Avatar
Evitzee
Lexus Champion
 
Joined: Sep 2006
Posts: 3,102
Likes: 8
From: Hill Country, TX
Default

How often can you buy a whole car company for $74M? It's another fiasco from GM's past. Spyker's got nothing to lose, but the brand won't survive anywhere close to it's current form. Who wants a Saab?
Reply
Old Jan 26, 2010 | 10:11 PM
  #12  
Pearlpower's Avatar
Pearlpower
Lexus Fanatic
CL Folding 25,000
iTrader: (2)
 
Joined: Apr 2002
Posts: 7,075
Likes: 19
From: California
Default

Saab and Chrysler will be a thing of the past in a few years. Cannot see Spyker saving them.

Last edited by Pearlpower; Jan 26, 2010 at 10:16 PM.
Reply
Old Jan 27, 2010 | 07:13 AM
  #13  
The G Man's Avatar
The G Man
Thread Starter
Lexus Test Driver
20 Year Member
Photogenic
 
Joined: Oct 2005
Posts: 8,809
Likes: 143
From: MA
Default

Originally Posted by bruce van
So now we have a company, Spyker, which has yet to make a profit, buy another company which has been been losing money. That sounds like a receipe for even more failure. Good luck to the bank that's lending them more money.
I would not worry about that, Spyker have been in business for over 120 years and they will continue to do business with or without Saab. 74 million dollars for a car company is a bargain considering there are still quite a few Saab loyalist around.
I must admit though, Spyder does make some funky looking cars, it has more of a European flare than American. Maybe the new Saab will sell well in Europe or maybe Spyker can tone down the new Saab's design for the US market.

Reply
Old Jan 27, 2010 | 07:49 AM
  #14  
Milla...'s Avatar
Milla...
Registered User
 
Joined: Dec 2003
Posts: 2,085
Likes: 0
From: California
Default

Hey lets just see what happens. Saab doesn't have to die, maybe Spyker can do something that GM didn't or couldn't. Maybe the problem wasn't Saab but the company who ran it...
Reply
Old Jan 27, 2010 | 09:19 AM
  #15  
joe80's Avatar
joe80
Lexus Test Driver
 
Joined: Jan 2009
Posts: 1,439
Likes: 0
From: il
Default

please just design like it's a Saab.
Reply



All times are GMT -7. The time now is 07:42 PM.