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Detroit, 8:06 PM
Fri Dec 4
26 posts in the last 24 hours

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of Blix Blix
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    A former 9-5 owner, I've been intrigued by the 2010 9-5, which has definitely been a long time coming. Such a pity that the company has come so close to releasing a car that it desperately needs - a car that could turn Saab around reputation-wise and financially - and to have this deal fall apart. On my birthday the Koenigsegg deal was announced and I couldn't have heard anything nicer to brighten that day. But it was a huge gamble for Koenigsegg so I'm not all that surprised it was just wishful thinking in the end. But I'm still disappointed. I truly support Saab and I hope the company can find someone less fickle to save it and the innumerable jobs in Sweden and the US that are rooted in the company.
     Reply
    DoctorNine promoted this comment Blix was starred Blix was unstarred
    Image of DoctorNine DoctorNine
    11/25/09

    @Blix: Yeah, the AWD and six speed manual were quite attractive in that package. I'll bet GM did this on purpose, so that it wouldn't compete with the similar Buick package that they are looking to bring to North America from Opel. That, or tech licensing for production was far too steep, and the engineers at Koenigsegg nixed it.

    Really a shame. I might buy one of the 9-5's if they ever come out...
     Reply
    DoctorNine was starred DoctorNine was unstarred
    Image of sos10 sos10
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    To think that KEgg only now realized Saab is a worthless brand is naif.
    I continue to think that the deal wasn't really going to happen, I also think that KEgg will close doors really soon.
     Reply
    sos10 was starred sos10 was unstarred
    Image of fhull001 fhull001
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    The heart of SAAB died when they switched over to Ford sourced V4's. Soon after that they killed the 96 and the Sonnet and it was all over. GM bought a corpse and kept it on life support too long.
     Reply
    Mr.choppers - Delenda Carthago Est promoted this comment fhull001 was starred fhull001 was unstarred
    Image of Mr.choppers - Delenda Carthago Est Mr.choppers - Delenda Carthago Est
    11/25/09

    @fhull001: Word. Four-stroke=death

    It's not a coincidence that the word for "four" is close to that for "death" in Chinese.
     Reply
    Mr.choppers - Delenda Carthago Est was starred Mr.choppers - Delenda Carthago Est was unstarred
    Image of brandegee brandegee
    11/25/09

    @fhull001: This heart-of-SAAB of which you speak was a warmed-over DKW particulate generator more appropriate for GDR politics than smooth Swedish socialism. Awesome, but only in retrospect.

    The SAAB that will be missed was powered by a Triumph turd that was miraculously transformed into something durable and turbocharged.
     Reply
    brandegee was starred brandegee was unstarred
    Image of tonyola tonyola
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Before everyone gets too sloshed from crying into their beer, let's keep one thing in mind - Saab was a dead brand walking when GM took it over in 1990. At that time, the 900 was based on a 22-year old platform and body. The 9000 was a failed experiment in moving upmarket. Sales had fallen through the floor and red ink was flowing everywhere. Maybe GM could have done better during their ownership, but the new 900 for 1994 and the 9-5 seemed like reasonable efforts. Not enough buyers cared by then. It's been panic actions ever since. Saab is a brand whose time has run out, and it looks like Volvo is headed for the same fate.
     Reply
    Edited by tonyola at 11/24/09 2:23 PM tonyola was starred tonyola was unstarred
    Image of stephdumas stephdumas
    11/24/09

    @tonyola: I checked here and there some old rumors from 2005 who mentionned than Renault eyed Volvo or Saab [jalopnik.com]
    [jalopnik.com]
    [jalopnik.com]
    Doubtful then Renault is still interested to get Saab but who knows?
     Reply
    tonyola promoted this comment stephdumas was starred stephdumas was unstarred
    Image of tonyola tonyola
    11/24/09

    @stephdumas: There had been rumors of a Renault-Volvo merger in the late 1970s, and a Saab-Volvo merger had actually been officially proposed in 1979. Apparently Saab shareholders killed that idea.
     Reply
    tonyola was starred tonyola was unstarred
    Image of longdx longdx
    11/24/09

    @tonyola: This is perhaps the best truism about Saab. I had a 1992 9000CS. I loved it. It was bulletproof, comfortable, and an enjoyable car. However,I bought it used at a ridiculously low price. That was and is the main problem with new Saab sales. These cars could never justify their inflated MSRP and their residual values reflect it. Why but a new Saab , when you can buy a slighlty used one for a fraction of the cost. It is not the same with BMW/Mercedes/Lexus?Infinity buyers as their respective vehicles still command decent trade values. Factor the meddling by GM into the design of Saabs from the mid-90's forward ,Saab could really never compete directly with other luxury brands on their merit alone.
     Reply
    tonyola promoted this comment longdx was starred longdx was unstarred
    Image of tonyola tonyola
    11/24/09

    @longdx: You make a good point in that despite all of Saab's efforts, it was never able to convince many people that it was a true luxury brand that could compete with the Germans, Lexus, and Infiniti. Saab was not satisfied with making fun, quirky, and moderately priced cars like in the '60s and '70s. Beginning with the '79 900, they kept trying to move upmarket into more profitable territory. It worked for a little while, but as the 99/900 platform aged and the 9000 sat in showrooms unbought, it was clear that people weren't going along with the game. By 1990, things had become hopeless and Saab was desperately looking for a savior - GM, in this case.
     Reply
    tonyola was starred tonyola was unstarred
    Image of TriShield TriShield
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    There would have been nothing awesome about KoenigSaab, had this deal gone through Saab would have completely destroyed Koeniggsegg.

    Saab has been a total zombie brand for 15 years or more now. Before GM ever purchased it, why they did or thought they could resurrect it was beyond me.

    Saab drained GM of billions of dollars and with all that investment it remains a zombie. A brand that people only care about online but not in the real world. Nobody the world over buys Saabs in any meaningful quantity, which is why it's bankrupt. It has zero volume and very little if any appeal.

    There's nothing Koenigsegg could have done to fix that and they had no resources at all to even attempt it. Like Penske they did the smart thing and backed out while they could. This brand is dead, let it die peacefully already.
     Reply
    Tanshanomi promoted this comment TriShield was starred TriShield was unstarred
    Image of Tanshanomi Tanshanomi
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Saab for sale
    Appetizing Swedish Saab for sale
    Saab thats fresh and still unspoiled
    Saab thats only slightly soiled
    Saab for sale

    Who will buy
    Who would like to sample their supply
    Who's prepared to pay the fee
    For a center console key?
    Saab for sale

    Let the Hoons all rally Saabs
    In their Hoonish ways
    I know every type of Saab
    Better far than they
    If you want the thrill of Saab
    I've been through the mill of Saab
    Old Saab
    New Saab
    Every Saab but true Saab
     Reply
    Tanshanomi was starred Tanshanomi was unstarred
    Image of wkiernan wkiernan
    11/24/09

    @Tanshanomi: so good, APPLAUSE
     Reply
    DoctorNine promoted this comment wkiernan was starred wkiernan was unstarred
    Image of LuciferV8 LuciferV8
    11/25/09

    @Tanshanomi: Another piece of quality work.
     Reply
    LuciferV8 was starred LuciferV8 was unstarred
    Image of Deckard Deckard
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    I think that we could sit here and wax poetic over how poorly GM has manged this whole affair, or how fantastic a Koenigsaab would have been (and how we would totally have bought one. No, two, one sedan, one wagon...) but I think the biggest problem here is that the use of the Swedish Chef wasn't accompanied by a clever headline. I would have settled for "Saab Sale to Koenigsegg Bork Bork Borked"...
     Reply
    zacarious promoted this comment Edited by Deckard at 11/24/09 12:48 PM Deckard was starred Deckard was unstarred
    Image of bmoreDLJ bmoreDLJ
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Aw, shucks. Here's the scorecard:

    Pontiac: dead
    Saturn Deal: off
    Opel Deal: off
    Saab Deal: off
    HUMMER Deal: 不知道.
     Reply
    bmoreDLJ was starred bmoreDLJ was unstarred
    Image of TurboBrick [LIGIER] TurboBrick [LIGIER]
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    So what, are they going to keep it now? Was all of this hullabaloo about selling and killing divisions just to get the feds to float them over the bankruptcy?

    When is Pontiac coming back?
     Reply
    Edited by TurboBrick [LIGIER] at 11/24/09 11:56 AM TurboBrick [LIGIER] was starred TurboBrick [LIGIER] was unstarred
    Image of KeyserSoze KeyserSoze
    11/24/09

    @TurboBrick [LIGIER]: Saab is buying Pontiac... Oh, wait...
     Reply
    Van Sarockin, rogue trebuchet promoted this comment KeyserSoze was starred KeyserSoze was unstarred
    Image of FormerlyPreferredCustomer FormerlyPreferredCustomer
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    The good news is that I'm really looking forward to buying a Buick 9-5 next year. I think it will be a really nice car.
     Reply
    snapoversteer 'bout to get told promoted this comment FormerlyPreferredCustomer was starred FormerlyPreferredCustomer was unstarred
    Image of Adam Spano Adam Spano
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    "GM confirmed that Koenigsegg of Sweden pulled out of the deal to buy Saab, whose sales have plunged 61.5 percent this year, with only 7,400 being sold in the US."

    Yes... Lets see here... MY2009 rolls around... OH! Suprise!
    -NO LEASES AVAILABLE ON SAABS!! (75% of our sales were lease customers).
    -Price increase about $2500 from MY2008 with NO significant model changes.
    -POOR POOR incentives ALL year.
    -NO GM Employee Pricing (major in our area.)

    It's really no wonder why it dropped 62%. We used to be able to lease these cars out between 330-400 a month, and this year, we had to try and upsell 330-400 dollar a month payment customers up to $650 dollar a month purchase customers... HA.. yeah right.

    A base Saab 9-3 Arc is not worth $33k.
    It's a $26k car at best, and GM bled the brand for all it was worth and tossed it to the wolves... And now we're fucked.

    Thank you GM, thank you for fucking us.
     Reply
    snapoversteer 'bout to get told promoted this comment Adam Spano was starred Adam Spano was unstarred
    Image of SantaRita SantaRita
    11/24/09

    @Adam Spano: i totally agree. GM really played the brand out. They ruined the 5-door quirkyness, swedish mountain climbing torqueyness, and build quality in one swoop.

    an example...saab engines before 1997 are bulletproof, capable of tons of turbo boost and are fuel efficient to boot.

    GM get's to making the whole car and suddenly they started having engines fail from sludge, with no big-boost oomph, and so-so mileage.

    bunch of suited up tards in detroit just didnt get it, and couldnt wrap their brains around the swedish WRX .
     Reply
    Van Sarockin, rogue trebuchet promoted this comment SantaRita was starred SantaRita was unstarred
    Image of Rust-MyEnemy Rust-MyEnemy
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Must admit it sounded a bit too good to be true, like Weissman buying BMW.

    Still, I've got £3.80 actual cash on me, right now. Put your hands in your pockets, guys.

    Do they have a "Buy it now" button?
     Reply
    Rust-MyEnemy was starred Rust-MyEnemy was unstarred
    Image of SantaRita SantaRita
    11/24/09

    @Rust-MyEnemy: i've got 5$ on it.
     Reply
    Van Sarockin, rogue trebuchet promoted this comment SantaRita was starred SantaRita was unstarred
    Image of jomac006 jomac006
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    I'm starting to think GM has a hording problem. They keep saying they are going to get rid of things and then all of a sudden it doesn't happen.
     Reply
    snapoversteer 'bout to get told promoted this comment jomac006 was starred jomac006 was unstarred
    Image of snapoversteer 'bout to get told snapoversteer 'bout to get told
    11/24/09

    @jomac006: I have a bit of insight into the Saturn deal through a competing bidder to Penske, and the impression I get is that GM management is very difficult to deal with and that the White House is meddling in every major decision. Would you want to negotiate with that?
     Reply
    snapoversteer 'bout to get told was starred snapoversteer 'bout to get told was unstarred
    Image of jomac006 jomac006
    11/25/09

    @snapoversteer 'bout to get told:
    No sir I would not want to deal with the White House more than I already have to and sadly my job forces me to deal with the White House and Congress daily.
     Reply
    jomac006 was starred jomac006 was unstarred
    Image of Mobius Mobius
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Such
    An
    Acrimonious
    Breakup
     Reply
    Mobius was starred Mobius was unstarred
    Image of UDMan UDMan
    11/24/09

    In reply to BREAKING: Saab, Koenigsegg Deal Off
    Let's review the GM asset sales so far. - Saturn was going to be absorbed by The Penske Group. Didn't happen.
    - Opel (Vauxhall) was going to be purchased by Magna, or was it someone else? Anyway, didn't happen.
    - Hummer is suppose to be purchased by a Chinese Company. The Jury is still out on this transaction.
    - Now SAAB with Kienigsegg....

    So far, it looks like GM is batting 1000 when it comes to offing their defunct divisions. Are they asking too much, or are the buyers just becoming aware that there is no value left in these divisions?
     Reply
    UDMan was starred UDMan was unstarred
    Image of Tanshanomi Tanshanomi
    11/24/09

    @UDMan: Good question. Frankly, I am really glad I am not a big-wig business mogul. I see the weighty, perilous decisions that the heads of my current employer have to make, and I am glad I'm a Beta.
     Reply
    Tanshanomi was starred Tanshanomi was unstarred
    Image of SantaRita SantaRita
    11/24/09

    @UDMan: DOESNT HELP THAT GM COOKED THE BOOKS, LYING ABOUT PROFIT AND SENDING THE CASH BACK TO THE GM HOME OFFICE.

    [www.thetruthaboutcars.com]

    #saab
     Reply
    Van Sarockin, rogue trebuchet promoted this comment SantaRita was starred SantaRita was unstarred
    Image of Braff Braff
    11/24/09

    @SantaRita: DOESN'T HELP TO SHOUT EITHER!
     Reply
    Braff was starred Braff was unstarred
    Image of SantaRita SantaRita
    11/24/09

    @Braff: sorry, i shout when i'm angry.

    #tips
     Reply
    SantaRita was starred SantaRita was unstarred
    Image of Braff Braff
    11/24/09

    @SantaRita: ok fair enough
     Reply
    Braff was starred Braff was unstarred
    Image of Correlation is a dirty scopes Correlation is a dirty scopes
    11/25/09

    @Tanshanomi: I think most of the GM bigwigs were epsilons :-P
     Reply
    Tanshanomi promoted this comment Correlation is a dirty scopes was starred Correlation is a dirty scopes was unstarred
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