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The GM credit was only a goodwill gesture.
Posted by Mark from Toronto (more from Mark from Toronto) on Mon, 19 Dec 2011 06:39:13
In Reply to: GM is a huge creditor of Saab, DER, Mon, 19 Dec 2011 05:59:57
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If SAAB was shut down GM would have received zero, so the 200M was a goodwill gesture. The fact is, several other companies have stepped in an invested in SAAB based on the language in the contract (including Youngman), and now, they have all lost a pile of money. Expect lawsuits to fly.
posted by 169.145.4...
Posts in this Thread:
- TTELA reports Muller has declared SAAB bankrupt, ryan
, Mon, 19 Dec 2011 00:57:46- Will the factory survive?, dmz789qqq, Mon, 19 Dec 2011 10:11:54
- any GM shareholders here?, Siegfried, Mon, 19 Dec 2011 04:58:22
- gm just made itself liable, mark from toronto, Mon, 19 Dec 2011 04:53:26
- Muller has declared SAAB bankrupt, Raction95Aero, Mon, 19 Dec 2011 03:25:36
- Unfortunate, but expected, JerseySaab
, Mon, 19 Dec 2011 03:23:56- Re: Unfortunate, but expected, EGD
, Mon, 19 Dec 2011 03:43:26- Re: Unfortunate, but expected, Erik919kt, Mon, 19 Dec 2011 06:11:30
- GM and Saab, JerseySaab
, Mon, 19 Dec 2011 04:13:22- I don't get it. Why let all of this go to waste?, bender
, Mon, 19 Dec 2011 08:58:45- Re: I don't get it. Why let all of this go to waste?, kkelley, Mon, 19 Dec 2011 11:31:14
- +1, dmz789qqq, Mon, 19 Dec 2011 12:20:50
- Re: +1, Red93SEInBklyn, Mon, 19 Dec 2011 13:50:28
- Re: +1, davidgmills, Tue, 20 Dec 2011 11:22:13
- Re: +1, Red93SEInBklyn, Fri, 23 Dec 2011 13:42:06
- Re: +1, 11madness, Mon, 19 Dec 2011 14:10:45
- So, if every Saab fan donated...., bender
, Mon, 19 Dec 2011 12:28:37
- Because GM is not a profit seeking entity, Reality, Mon, 19 Dec 2011 10:43:41
- Re: I don't get it. Why let all of this go to waste?, JohnA
, Mon, 19 Dec 2011 09:10:18
- Re: Unfortunate, but expected, JerseySaab
, Mon, 19 Dec 2011 04:04:42
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