December is usually a quiet time in the motor industry, but the continuing strife affecting some of the big names is no respecter of forthcoming festivities. Twenty years ago Saab wasn’t so dissimilar to Audi, yet look at where the two are now. Koenigsegg’s ambitious takeover of GM’s Swedish arm stalled on the approach to December and, earlier in the year, GM had said it would close Saab down if a new buyer hadn’t been found by Christmas.
Still, as we learned from its handling of the deal to sell Opel/Vauxhall to Magna, GM isn’t shy about changing its mind and, as we write, there’s a strong chance Saab will be given a stay of execution while a buyer is sought. It wouldn’t be without precedent if the new 9-5, due to be launched next spring, turned out to be a decent car: the Rover 75 never had the chance to run its course, while Jaguar and Land Rover have both changed hands just after launching great cars within the past decade.
Elsewhere,PSA Peugeot Citroën is eyeing up a big stake in Japanese car maker Mitsubishi – in part to get its hands on electric car technology, and in part to get better access to Asian and Russian markets. A tie-up between Renault and Nissan has worked to mutual benefit, although Mitsubishi isn’t quite so desperate as Nissan was at the time.