Spyker

Spyker: Saab Will Remain Bridesmaid, Not Become Bride

Posted in General, Saab, Spyker by Kurt Ernst | February 2nd, 2010 | 2 Responses |

2008 Saab 9-3

In an announcement that surprised no one, Spyker has declared that new acquisition Saab will be a niche player in the automotive market. Spyker’s plans, previously developed by Saab’s management team, will be to reposition the marque as an environmentally friendly, performance oriented brand. The company will focus production on three or four model lines based around the 9-3, 9-5 and 9-4. The 9-1, a compact hatchback designed to compete withe the Mini Cooper and Audi A1, has not officially been killed. Though not in the current business plan, the 9-1 would give Saab product in the entry level luxury performance segment.

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Saab Granted Stay Of Execution As Spyker Prepares 11th Hour Bid

Posted in auto industry, Cars, GM, Luxury Cars, Newsworthy, Saab, Spyker by Suzanne Denbow | January 4th, 2010 | 1 Response |

GM-SAAB

After Koenigsegg’s bid for Saab fell through and General Motors announced their ailing Swedish subsidiary would begin winding down operations in January, Dutch supercar maker Spyker once again prepared a bid for the brand. Rejected twice during preliminary negotiations for failing to agree to perform thrice weekly fellatio, or something equally as absurd, Spyker now appears to be topping the General’s list of preferred bidders. By Friday, a formal offer is expected to be filed that, in keeping with their apparent custom, GM will proceed to blow.

Check back later for official updates, or don’t. You could probably write the story yourself at this point. Read More…

GM Fulfills Low Expectations, Kills Off Saab

Posted in auto industry, Cars, GM, Koenigsegg, Newsworthy, Saab, Spyker by Suzanne Denbow | December 18th, 2009 | 3 Responses |

SAAB/

After purportedly exhausting every possible alternative, or least deliberating long enough to appear as though they had, General Motors has opted to kill off their long-suffering Swedish subsidiary, Saab. Although many blogs/any amateur with access to WordPress claim to feel sadness and shock, those industry professionals familiar with The General’s megalomaniac business principles are merely surprised it didn’t happen sooner. While hefty government funding may have made GM more attractive to investors, whatever strings are now attached to all of its transactions have proven toxic to literally every potential sale GM has had in que.

Of course, assuming responsibility for their mounting failures is at odds with their personal philosophy, which means the presser was brimming with ambiguous corporate buzzwords. “Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time. In order to maintain operations, Saab needed a quick resolution,” said GM Europe President Nick Reilly. “We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers.” Read More…