Over the last few weeks, much of the industry’s attention has been focused on the struggles of the world’s biggest carmakers.
However, Saab’s plight is perhaps the best example of the complexities of untangling the globalised car market.
20 years after buying 50 percent of Saab and just nine years after taking 100 percent control, GM seems to have finally abandoned Saab.
Bob Lutz, GM’s ‘product czar’ was quoted today as saying
"Frankly they've [Saab] been on GM life support. It's just an unending string of losses and the hope is always with the next generation of products they'll make money but when you look at the financial results it's just never happened."
GM boss Rick Wagoner also said plans for the sale of Saab are ‘moving along,’ and GM has found interested parties.
Apparently one investor came calling late last year, but GM conceded the company was in no organizational state to be sold.
Meanwhile, behind the scenes in Detroit, Saab management has been meeting with GM bosses and members of the Swedish government in an attempt to unpick GM’s ownership of Saab.