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Disagree
Posted by nwas (more from nwas) on Tue, 17 Jan 2012 18:50:44
In Reply to: I know it hurts..., Viggenator
[Profile/Gallery]
, Tue, 17 Jan 2012 18:32:58
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VM's only serious error was to miss the fact that GM was only selling to Spyker for a fast buck and that they were BANKING on Spyker failing.
He did what a good businessman would do when face with a cash flow problem - he looked for capital. In this economy, in a business that's way out of favor at the moment (automobiles), he did what he had to. He started trying to obtain the financing that was preferred, and eventually ended up at the least preferred financier (Chinese) and the least preferred option (losing major chunks of control).
However, it would have WORKED if it has not been for GM's FIRM PLAN to PUT SAAB OUT OF BUSINESS.
posted by 173.76.11...
Posts in this Thread:
- Was there really no other choice than bankruptcy?, bender
, Tue, 17 Jan 2012 17:06:46- Well, whatever the reasons truly are, all I can say is, bender
, Tue, 17 Jan 2012 20:43:48 - Re: Was there really no other choice than bankruptcy?, rob
, Tue, 17 Jan 2012 18:30:44 - Re: Was there really no other choice than bankruptcy?, AdamSAAB2kAero
, Tue, 17 Jan 2012 17:33:32
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