Swedish automaker Saab filed for bankruptcy yesterday after major stockholder General Motors blocked the company’s sale to Chinese investors.The writing has been on the wall for Saab ever since GM did nothing more than rebadge their crappy cars and SUVs as Saabs rather than let Saab engineers continue their work. Just like GM's aggressive re-branding cost them Saturn, Saab is the latest gangrenous appendage to be cut off and left to rot. A combination of stagnant design and lackluster reliability doomed the premium car company to the junk yard of history.
“It looks like it’s over,” said Boston car baron Ray Ciccolo, who owns Norwood Saab and Watertown’s Charles River Saab — two of Massachusetts’ roughly 10 remaining Saab dealerships.
You could say it's a real Saab story...
That is all.
9 comments:
"...major stockholder the United Auto Workers blocked the company's sale..."
FIFY
Ba-dum-Chhhhhh!
I really like our Saabs. Damn shame GM screwed them up so royally.
Your Federal Tax Dollars at Work.
Of course, I'm SURE the Obama Administration will do the Right Thing, and Bail Out all the U.S. Saab Dealers by converting them into VOLT lots.
Now if only those Evil Republican Bastards would put $500 Million into the Budget to make this happen...
Brandoch beat me to it... The unions didn't give a crap about Swedish workers...
No wonder-I looked at a Saab once, the engine was in there crooked.
I'm with Bram. Saabs used to be really nice cars -- quirky, but nice. (And there's something to be said for a car company whose primary line of work is building jet fighters.)
You just couldn't help yourself, could you?
I wish I still had my 1986 Saab 900. The car would haul 2x4 studs with the back seat folded down, cinder blocks 80 lb bags of concrete or 6 kids. Got 32mpg on the highway and 25 in the city.
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