FobzyDid you know that SAAB is on the way out?
December 21st 2009 06:18
I know that many of you will be SAAB fans so this is quite distressing news.
Negotiations with the Dutch company Spyker Cars have broken down and General Motors says it will immediately begin to wind down its manufacture of SAAB.
The company will begin closing Saab completely.
Sweden have suggested some concessions but their Government is not prepared to offer a bail out plan.
GM says it will close without insovency but there will be many devoted fans, including this one, who will be sad to see it go.
Recession makes some wealthy with government help and neglects the rest.
Sad, isn't it, although I am not much of a business person as you all know, just a lover of all things good about cars.
SAAB was unique and in that way very special.
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