10 years ago today. GM wants to close Saab.

December has always been a dramatic month in Saab's recent history. In 2011 it stood for the final end, but already in 2009 GM Saab wanted to finally close. In memory of the events of that time, we retrieved the press release from our archive.

GM Saab wanted to close 10 years ago
GM Saab wanted to finally close 10 years ago today

Shortly before Christmas the end, it seemed. The sale failed, the dismantling of the plants was decided for January 2010. Alix Partners from Munich had already been commissioned to clear away. At the time, it was not foreseeable that things would eventually turn out differently, and that the battle for Saab would continue for a full 24 months. A black day for Trollhättan. Even if today, 10 years later, there is some hope for a better future and the continuation of vehicle construction.

Here is the original GM press release from December 18.12.2009, XNUMX:

Saab Sale Cannot Be Concluded
Brand to be wound down

Detroit. General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved. As a result, GM wants to start an orderly wind-down of Saab operations.

“Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time. In order to maintain operations, Saab needed a quick resolution, ”said GM Europe President Nick Reilly. “We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers. ”

Saab will continue to honor warranties, while providing service and spare parts to current Saab owners around the world.

As part of its efforts to become a leaner organization, GM began seeking a buyer for Saab's operations in January. Last week, Saab Automobile AB announced that it had closed on the sale of certain Saab 9-3, current 9-5 and powertrain technology and tooling to Beijing Automotive Industry Holdings Co. Ltd. (BAIC). GM expects today's announcement to have no impact on the earlier sale.

As the company continues to reinvent itself, GM has been faced with some very difficult but necessary business decisions. The focus will remain on the four core brands - Buick, Cadillac, Chevrolet and GMC - and several regional brands, including Opel / Vauxhall in Europe. This will enable the company to devote more engineering and marketing resources to each brand and model.

11 thoughts on "10 years ago today. GM wants to close Saab."

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    Il y avait beaucoup de resistance à SAAB d'Opel en Allemagne ...

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    It was a sad day

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    As far as the merger mentioned by previous speakers is concerned, I hope that Alfa does not get under the wheels ...

    Unfortunately, it is true that small brands under large roofs are repeatedly robbed of their identity or even assassinated.

    The market doesn't need more of the same. Cars below super sports cars and luxury bodies with an individual touch are missing. Saab is missing.

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    Still difficult to read ... What a black day!

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    Je vous remercie de revenir sur le passé, mais je suis persuadé qu'une solution économique était possible pour sauver SAAB. Une augmentation du prix de 15% sauvait tout, les gens aurait toujours acheté SAAB. Mais il y avait une solution politique pour GM, il fallait montrer au gouvernement US qu'il faisait quelque chose, SAAB en a été la victime.

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    Fiat will be taken over by PSA ??

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      Merging ... Under “equals” 😉

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    .... and now finally to FIAT too!? Greetings from uniformity….

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      It looks like this. There will be hard cuts in the next few months. Just my guess.

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    And what's left of GM in Europe 10 years later? Opel and Vauxhall are now part of PSA. It seems to work there. Chevrolet has withdrawn almost completely. Except for a couple of Corvettes and stuff. SAAB was only the first victim of a long list and ultimately the result of unsuccessful corporate management.


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