[Subscribe to Daily Digest] |
[Main General Bulletin Board | BBFAQ |
Next by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
a "Guardian thing" on Saab Posted by JohnA [Email] (#426) [Profile/Gallery] (more from JohnA) on Thu, 4 Feb 2010 19:48:20 In Reply to: Got to be a British thing or we just don't operate...., TKC, Thu, 4 Feb 2010 10:15:06 Members do not see ads below this line. - Help Keep This Site Online - Signup |
The comments section has a long and wide array of responses to John Sutherland's piece.
Here's part of The Guardian's writing on Saab:
"Known for reliable, sporty designs, Saab grew out of a Swedish aeronautical firm after the second world war. GM took full control in 2000 but struggled to make it a success, losing cash each year since 2001.Saab made a loss last year of SKr3bn (£255m) on sales of 93,000 vehicles. Some in the industry have argued that the brand, although renown for quality, is simply too small to compete in a global market.
One of GM's reservations over a sale was reportedly concern about Spyker's biggest shareholder: a Russian bank, Convers, owned by a billionaire, Vladimir Antonov. In an apparent resolution to this issue, Spyker announced that Antonov is exiting by selling his stake to Tenaci Capital, an investment vehicle owned by Spyker's chief executive.
Analysts say that Saab has been a victim of poor management. Tim Urquhart, an analyst at IHS Global Insight, said: "It's a really brilliant brand. It's probably one of the biggest brand mismanagement stories in the history of the automotive industry."
Saab saved by $400m Spyker buyout
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.