End of the road for Saab?

Looks like the brand may be killed in the next year. It's been a long, and very bumpy, ride.

By Kim Peterson Dec 30, 2009 2:33PM
Saab. Credit: © Joe Raedle/Getty ImagesGotta give General Motors credit for trying.

The company tried its best to sell Saab, pitching just about anyone who would listen. Dozens of companies initially seemed to take an interest, and GM nearly sealed deals with two European sports car makers.

But each time, talks fell through. It seems that no one wants the funky car line with its distinctly European flair.

So now, it looks like Saab is headed for the automobile graveyard. But it will be in good company, at least, joining old favorites like Plymouth, Oldsmobile and Pontiac.

GM has just dropped its Dec. 31 deadline for bids, and even plans to restart some Saab production lines next month.

But that doesn't mean Saab is saved. As strange as it sounds, GM needs to restart production lines to continue its wind-down process for Saab.

That will make it easier to find buyers for its various assets, such as its tooling and technology. GM has already agreed to sell the tooling and technology for older Saab models to a Chinese automaker for $200 million, Reuters reports.

Having never owned a Saab, I can't attest to the innovation, style and technology that its drivers adore. But The Boston Globe says that if Saab dies, "the roads of America would be blander for it."

Whether Saabs look beautiful is a matter of personal taste, and there’s plenty of room for disagreement. But they indisputably offer something lacking in most of today’s Toyotas, Hondas, Fords, and Chevys: personality.


Tags: GM
1Comment
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
266
266 rated 2
452
452 rated 3
702
702 rated 4
671
671 rated 5
604
604 rated 6
640
640 rated 7
495
495 rated 8
267
267 rated 9
158
158 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
AAPLAPPLE Inc10
ABBVABBVIE Inc10
ATVIACTIVISION BLIZZARD Inc10
CTSHCOGNIZANT TECHNOLOGY SOLUTIONS10
LUVSOUTHWEST AIRLINES CO.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.