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GM to make Saab independent by end of February?

02/11/2009, 3:57 PM

By Andrew Ganz

A new report indicates that General Motors and the Swedish government have worked out an agreement that would see Saab become an independent, Sweden-based automobile manufacturer. Apparently, GM and the government have “agreed in principle” to the deal, which would not force the government to take a stake in the automaker.

General Motors has been pushing to shed three of its brands – Hummer and Saturn in addition to Saab – and this move could secure the Swedish brand’s future, at least for the time being.

Autocar reports that GM Europe president Carl-Peter Forster said that negotiations between GM and Sweden could wrap up at the end of the month – in time for GM to present its viability plan to the United States government.

Though further details are unclear at the moment, it seems possible that Saab’s manufacturing facilities in Trollhattan, Sweden, as well as its employees and current lineup, could simply be handed over to a newly formed, independent, Swedish management. Obviously, the long term effects of platform and powertrain sharing with GM would need to be addressed.

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02/11, 4:12 PM

posted by:

TomF

Presumably this means an end to Imprezas and GMC trucks being passed off as Saabs.

02/11, 4:15 PM

posted by:

qpt_dude

Haha, GM’s on a good news streak.
First, news of Bob Lutz’s resignation by the end of the year, then the Corvette Stingray Concept, now this.
Has any one else noticed how well foreign auto companies are doing once their American owners sell or abandon them?

02/11, 4:21 PM

posted by:

dickvictory

This news sucks for GM. Thank god I would never waste my money on a ford, gm, or dodge.

02/11, 4:27 PM

posted by:

JK

Thanks TomF, for your delightful insight from 2006.

02/11, 4:35 PM

posted by:

zfenderguy

IF Saab survives, maybe this will allow for them to return to designing cars that are unique and quirky, like the old 900. Right now, all Saab is bringing to market are a bunch of also-ran products with huge premium price tags. Who would buy one over, say, a CTS with the 3.6 DI engine? Nice cars, but no BMW, Merc or Cadillac.

02/11, 4:39 PM

posted by:

inline6

TomF,

I don’t know where you’ve been, but the end already came for the Impreza-based 9-2x in 2006, while the last 9-7x was built 2 months ago.

GM learned its lesson.

As far as Saab being independent goes, I have NO idea how that will work long-term. Conventional wisdom says that Saab needs a corporate partner to get economies of scale so that they can afford to build competitive cars at competitive prices.

Saab hasn’t been triuly independent since they took over Scania in 1969. And even so, they’ve only ever juggled two platforms at once.

I would imagine that it would behoove GM to keep a “strategic partnership” with the company. Saab gives GM great small engines, while GM gives Saab platforms it can use to build its models. The only question is, is that going to be enough to keep Saab alive, kicking, and competitive?

02/11, 4:40 PM

posted by:

HoosierHero

Good. One less brand NMOFGM wacks off to. Saab is just dead weight on GM’s PNL. Good riddance.

02/11, 4:45 PM

posted by:

Z06ified

Doesn’t sound like there is any cash changing hands for this. Sounds almost like GM is giving the company away to Saab management. Saab must be hemoraging pretty badly for them to do that.

02/11, 5:10 PM

posted by:

yarddog82abn

Well some thing is better then nothing…

02/11, 5:21 PM

posted by:

Zcarsales

Does this mean that Saab is going to stop manufacturing really expensive Saturn L-Cars like the one in the picture?

02/11, 5:34 PM

posted by:

miket

I hope when Saab gets it’s independence from GM, it also hires some independent thinkers to work there. Their cars have become so intertwined with GM and bland that they are no longer really competitive choices in either price or performance in their respective classes.

02/11, 6:25 PM

posted by:

Jon Luc

Saab shoulda been on their own years ago. GM never spent the money needed to bring this brand up to where it should be. Without GM heading it up, now it’ll get better as their dependence on parts sharing dwindles.

02/11, 9:06 PM

posted by:

Borat

Inline6, GM has been in business longer then you and I walk the planet. Considering the dire shape they are in, I doubt that the current management is capable of learning any lessons. I bet you that they will be let go or company will have to be taken off the tax assistance, because they utterly incapable of anything.

02/12, 8:31 AM

posted by:

Gundy

Dang, I never noticed how much that Saab in the pic looks like the Saturn L-series, the “Opel” one from a few years ago.

02/12, 10:43 AM

posted by:

johnnycanuck

Saab is already independent. Pretty much every one made sits on the lot alone for months.

02/12, 11:35 AM

posted by:

ricky_b

I kind of like what Saab is supposed to represent in the market but GM screwed them up really badly. I think they’re throwing out the remaining carcass to rot alone. Unless another company steps in, I think Saab is doomed.

02/12, 12:24 PM

posted by:

shaver

GM acquired SAAB because they were already a mess. People are talking as if SAAB was thriving when GM bought them. While GM has not turned SAAB into a success, SAAB would have died years ago if not sustained by GM cash infusion.

02/12, 4:31 PM

posted by:

Get Real

I love big fancy words like “behoove”, makes your ideas seem so intelligent.

Ford stupidly lost millions on Volvo and Jaguar and GM stupidly lost millions on Saab and Hummer. The cost to purchase these “dead” companies and retool them are why Ford and GM are in trouble today.

02/13, 9:23 AM

posted by:

gritsandeggs

Saab should just fold. Saab’s hey day was in the mid-80s to early-90s, when the 900s was the edgy-yuppie answer to the 3-series yuppie-yuppie. You remember, with the ski racks up top? That model is the only model that continues to stick in people’s minds. With Volvo and Audi, I just don’t see how Saab can weather the New World Order.

02/13, 11:19 AM

posted by:

VictorRaikkonen

Anyone who believes that the word ‘behove’, which is spelled with one ‘o’ to be a ‘big fancy word’ is bloody well an idiot. All I have to say… and people use spell check.

 
 
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