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One of SAAB's main suppliers (IAS, AIS?) initiated their own bankruptcy proceedings within the past two or three days. I imagine they are owed money by SAAB, and my initial suspicion is that this move by SAAB is to protect their own dwindling cash reserves from the creditors of this other company.
That being said, the only real salvation I see for SAAB now is to be bought up by another manufacturer. There are a handfull of European, Chinese, Indian, and even Japanese companies who would likely be interested. I think they are all watching the slow death dance from the sidelines so they can swoop in at nearly the last moment for the lowest possible price.
posted by 198.208.15...
_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles
Posts in this Thread:
- WTF?? Local news story posted SAAB just filed bankrupt, SaabDude
, Wed, 7 Sep 2011 16:33:09- Re: WTF?? Local news story posted SAAB just filed bankrupt, tom, Thu, 8 Sep 2011 13:42:27
- Possibly the next step?, JerseySaab
, Thu, 8 Sep 2011 05:25:59- appeal, JohnA
, Thu, 8 Sep 2011 06:48:06
- Tim Colbeck of Saab's Royal Oak HQ ...upbeat, JohnA
, Wed, 7 Sep 2011 18:57:11 - Basically Chapter 11?, BlueWhite, Wed, 7 Sep 2011 18:01:46
- wrong, JohnA
, Wed, 7 Sep 2011 18:21:47
- not true, JohnA
, Wed, 7 Sep 2011 17:42:08 - read below (n/m), Siegfried, Wed, 7 Sep 2011 16:37:35
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