End of the road for Saab?

Looks like the end of the road for Saab unless a profitable car company wants to take a chance. The bigger question here is, will any of GM’s brand that were announced to be sold during the bankruptcy filing actually ever be sold?

From Autoblog.com:

It’s now or never. By the end of December General Motors will either divest itself of Saab by selling the Swedish automaker or by permanently closing its doors. And there is but one company bidding for the Swedish automaker — Spyker — which has yet to turn a profit. GM Chairman and interim CEO Ed Whitacre told a group of reporters at the company’s Detroit headquarters that Spyker is the only automaker left bidding for the perennially struggling automaker. Whitacre reportedly told attendees that striking a deal was “possible,” but he then reiterated that Saab would close if the deal isn’t struck by the end of the year.

Read the full article here.


Photo from fOTOGLIF

  

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