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Saab is owned by Spyker, finally!

markjay said:
Good point. But surely they will not be able to sell Saabs at Koenigsegg prices?
Click to expand...

Probably.

sk37.jpg
 
grober said:
Unfortunately Saab don't appear to be paying their bills in a timeous fashion causing supply problems and halted production. Saab halts production, again - Car and Car-Buying News - What Car?
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'Spyker CEO and Saab chairman Victor Muller.... said that by 2012, Saab will have the biggest and widest range in its history.'

Call me an old sceptic... but the only way they can achieve this in such a short time space is by having 20 different front grill designs for the same car and give them 20 different model names, or something to that effect...
 
Mark,

"you are an old sceptic"!



How many cars would it take to give them the biggest and widest range in its history.

About 3??
 
grober said:
Unfortunately Saab don't appear to be paying their bills in a timeous fashion causing supply problems and halted production. Saab halts production, again - Car and Car-Buying News - What Car?
Click to expand...

What do we think this statement means?
However, he also predicted the company would experience more halts in production. 'This is an ongoing thing. It will take some time to get everyone back in line properly, he said. 'We will get it under control.'

If I was one of their suppliers I'd be looking for invoices to be paid on time and finding new business.
That makes it sound like they are going to bully their suppliers into long payment terms, while they quietly go under.
 
If I'm brutally honest, I was never thrilled about the Spyker buyout. Watching Volvo now makes me wonder if a Chinese owner may have been preferable....

I like Saab, I own and enjoy one, but, even I am beginning to doubt. Victor Muller is very good at talking the talk, but really has little experience in the real world of car production and Vladimir Antonov has none, just deep pockets. But, how long will he be prepared to dig into them if the company just continues to heamorage cash...

Still hopeful, of course, but not as much as I was... :((
 
Dieselman said:
What do we think this statement means?
However, he also predicted the company would experience more halts in production. 'This is an ongoing thing. It will take some time to get everyone back in line properly, he said. 'We will get it under control.'

If I was one of their suppliers I'd be looking for invoices to be paid on time and finding new business.
That makes it sound like they are going to bully their suppliers into long payment terms, while they quietly go under.
Click to expand...

MG Rover tried this. Some suppliers I knew were asking for upfront payments knowing cash flow was an issue.
 
Things seem to be going from bad to worse....

Hawtai deal breaks down

Looks like the chinese money was needed but it didn't turn up. Production halted last week. Antonov investment with Spyker has still to be finalised.
 
Things seem to be going from bad to worse....

Hawtai deal breaks down

Looks like the chinese money was needed but it didn't turn up. Production halted last week. Antonov investment with Spyker has still to be finalised.
 
Yup, I think I have to admit that it all looks very ominous now... Can't imagine how much I've lost on the Saab.... :(
 
I would have loved to be proven wrong on his, but.... :(
 
Agreed. I'm optimistic by nature and had some hope until this last news came out just now. I think it would take a buy out by a company the size of GM (again!) to give Saab any chance... :(
 
But even with ta new Chinese deal in place... all it means is that SAAB can continue and recycle it's current model range coupled with parts (engines etc) from other manufactures, which will be good enough for the emerging Chinese middle-class car market who will just buy anything that looks European and moves from A to B (Rover 75, for example...) as long as it can be made in large enough numbers. But again, for how long?
 
truth is, Saab will not survive, just like Rover did not .. it simply does not have the scale.
 
bpsorrel said:
And we're off again!! Victor Muller is nothing if not tenacious! If anyone deserves success based on effort, he does! Good luck Saab!

About Pang Da Automobile Trade Co | Inside Saab by Steven Wade
Click to expand...

It's a very strange deal - essentially Pang Da buy 1300 cars for €30 million which springs the cash needed to pay suppliers and get production going again. Ongoing deal given away with this is sole distributor rights in Greater China and manufacturing rights.

There's an option to purchase more cars in the next 30 days?

Then a payout to buy outstanding (unsold) Spyker shares.

€110million will do little in the medium to long term for Saab. If - and it's a big if - the deal moves ahead, watch what happens to manufacturing. I'd go for a major rampdown (assembly for Europe / US) in Sweden with the bulk happening in China on the back of cheap labour and materials.

Pang Da have aspirations to get into auto manufacturing, and this could be their way in.
 
China has a huge appetite for cars these days, especially European brands... but no one over there seem to want any long term commitment. The Chinese killed-off Rover, which didn't have much future in Europe anyway, then bought the assets required to make the cars in China - why would they want to take on the liabilities anyway? It seems that all they want to do with SAAB is to ensure a short term supply of cars at good price (for them), while keeping their options open as to how they proceed in future - perhaps allowing them to adapt to the changing needs of the Chinese market, which may no longer want these type of cars in the longer run.
 
Wow, very bold move from Spyker, hopefully it will work out.
 
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