Ecclestone in bid for SAAB

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8th January 2010, 01:23
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Ecclestone in bid for SAAB

Quote:

Formula 1 boss, Bernie Ecclestone, is in partnership to bid for Saab.
The announcement came shortly after a deadline for expressions of interest in the company passed without any public bids.

Around 3,400 workers at the Swedish motor company, Saab, have passed a tense evening waiting for news of any rescue bid for their company.
Now a second bid has also emerged, from the Dutch sports carmaker, Spyker Cars. It has unsuccessfully bid before.

Mr Ecclestone's offer is in partnership with the Luxembourg-based private investment company, Genii Capital, which recently invested in Renault's Formula 1 team.

http://news.bbc.co.uk/1/hi/business/8447365.stm
8th January 2010, 04:52
Jag_Warrior

Bernie Ecclestone trying to buy Saab

Once the sale is complete, the cheapest Saab will go for $265,000 and the cars will only be sold in Asia and the Middle East. :)

F1 boss in last-min Saab bid

Quote:

Jan 8, 2010
F1 boss in last-min Saab bid

LONDON - FORMULA One boss Bernie Ecclestone has teamed up with a Luxembourg investment firm to launch a last-minute rescue bid for Swedish carmaker Saab, British media reports said on Friday.

Luxembourg-based Genii Capital announced it was interested in making an offer with Ecclestone, just as the deadline for final bids for Saab expired at 2200 GMT on Thursday (6am Singapore time), the BBC reported.
8th January 2010, 04:56
anthonyvop

Quote:

Originally Posted by Jag_Warrior

Once the sale is complete, the cheapest Saab will go for $265,000 and the cars will only be sold in Asia and the Middle East. :)

F1 boss in last-min Saab bid

That may be true but I wish I had a piece of the action.
8th January 2010, 06:35
Easy Drifter

But in Turkey each car will come with one (1) ticket to the F1 race. :rolleyes:
8th January 2010, 08:08
DexDexter

I hope someone will save it, SAAB have always made good, safe cars that have at least a little bit of personality.
8th January 2010, 08:32
Mia 01

SAAB is a good car, one of the best. We swedes produces our filofosy to the world.

A bit of Flavio will be good. Go for it!

F1 SAAB!
8th January 2010, 09:04
millencolin

My Saab was an unreliable piece of crap. But it was from the gm era. I do hope they are bought out because their older models were mean lookin things
8th January 2010, 09:05
Daniel

WTF?

I hope Saab is saved but I hope they go back to making proper Saab's and not just slighty Saaby looking Vectra's.
8th January 2010, 09:06
Daniel

Quote:

Originally Posted by millencolin

My Saab was an unreliable piece of crap. But it was from the gm era. I do hope they are bought out because their older models were mean lookin things

Was it a Saab 900s? My mum has a 900i and tbh it's had a few problems but I think in that day and age Saab's weren't really built for Australian conditions.
9th January 2010, 15:41
Mark in Oshawa

And they wont sell them in Canada unless the Quebec, Montreal and Federal Governments cough up some dough....
9th January 2010, 15:42
Mark in Oshawa

Quote:

Originally Posted by Daniel

Was it a Saab 900s? My mum has a 900i and tbh it's had a few problems but I think in that day and age Saab's weren't really built for Australian conditions.

A Car built for Australian conditions? Heck...it is easy to build a car to handle heat...it is harder to build a car to take minus 40....
9th January 2010, 18:02
Langdale Forest

Quote:

Originally Posted by Mark in Oshawa

And they wont sell them in Canada unless the Quebec, Montreal and Federal Governments cough up some dough....

I hope they don't cough up mouldy old dough. :D
9th January 2010, 18:35
Mark in Oshawa

Quote:

Originally Posted by Langdale Forest

I hope they don't cough up mouldy old dough. :D

Well you...know you feed Civil Servants Soylent Green and Yeast and that is what you get..
11th January 2010, 10:30
odykas

Quote:

Originally Posted by Daniel

WTF?

I hope Saab is saved but I hope they go back to making proper Saab's and not just slighty Saaby looking Vectra's.

I hope a solution is found and jobs are saved.

However, I have never liked their cars http://www.alfisti.gr/forum/images/smilies/yuk.gif
11th January 2010, 13:11
Sonic

Ok. What now? I may be missing something but wasn't SAAB bought by koenisegg? (spelling?) Or was that a figment of my wandering mind?
11th January 2010, 19:18
Jag_Warrior

Quote:

Originally Posted by Sonic

Ok. What now? I may be missing something but wasn't SAAB bought by koenisegg? (spelling?) Or was that a figment of my wandering mind?

I believe they made the first offer. But it fell apart because of financing. Then Spyker stepped up. They apparently also had shakey financing. Now Lil Bernie is tossing his hat in the ring, and I believe Spyker is still playing too.
14th January 2010, 21:34
Jag_Warrior

There are now rumors that Genii/Ecclestone and Spyker might join forces in the bid to get Saab.

Quote:

Swedish-language outlet Svenska Dagbladet has reported that Genii and Spyker may team up to present an even stronger bid, and Dagens Industri has gone so far as to speculate that Genii and Spyker might try to pull Renault into a three-way deal (as you may remember, Genii purchased Renault's Formula One team recently), but Saabs United indicates that there's not much to this rumor.

In what critics are suggesting as a less-than-good-faith move, GM may also schedule transportation of the 2010 Saab 9-5's tooling to China as early as tomorrow, January 15, where the model would likely be built wearing Buick badges. The General appointed Steven Taylor and Peter Torngren to oversee the liquidation of Saab on Monday, and as part of that move, they replaced both Saab's CEO and board effective immediately.

Saab Saga Update: Genii and Spyker pondering joint bid?

I've never owned one, but Saabs used to be known as rather stylish and unique cars over here. Hopefully the brand survives.

P.S. I didn't realize that Genii (and Ecclestone???) had bought Renault's F1 team. I guess I don't get out much.
14th January 2010, 21:40
Mark in Oshawa

I never thought I would root for Bernie to be successful at something, but in this one I am. The world of cars is poorer for not having Saabs.....
26th January 2010, 13:54
Jag_Warrior

Ecclestone's Genii group is out. Spyker is back in (maybe).

http://www.autoblog.com/2010/01/24/r...-to-step-down/

Trading In Spyker Shares Suspended Pending Press Release
26th January 2010, 13:56
Daniel

Quote:

Originally Posted by Jag_Warrior

Ecclestone's Genii group is out. Spyker is back in (maybe).

http://www.autoblog.com/2010/01/24/r...-to-step-down/

Trading In Spyker Shares Suspended Pending Press Release

Saab will be dead in all but name soon thoguh.
26th January 2010, 17:22
Mark in Oshawa

Quote:

Originally Posted by Daniel

Saab will be dead in all but name soon thoguh.

On the weekend we had a protest of Saab owners heading to the GM headquarters asking GM to sell the brand rather than scrapping it. I guess they don't read the news much.

Saab looks DOA to me at this point...
26th January 2010, 18:37
Daniel

Yep. It'll take a miracle for Saab to survive. Such a pity
26th January 2010, 18:46
Josti

I only have a Dutch reference, though a reliable in that.

"GM confirms Spykers purchase of Saab".

http://www.nrc.nl/economie/article24...yker_door_Saab

I'm very curious how long Spyker will succeed in this, let alone what their ambitions are with Saab. But glad the brand is still alive, ..for now.
26th January 2010, 19:40
Mark in Oshawa

Quote:

Originally Posted by Josti

I only have a Dutch reference, though a reliable in that.

"GM confirms Spykers purchase of Saab".

http://www.nrc.nl/economie/article24...yker_door_Saab

I'm very curious how long Spyker will succeed in this, let alone what their ambitions are with Saab. But glad the brand is still alive, ..for now.

Isn't this like a minnow swallowing a trout? Spyker is a small sportscar manufacturer and Saab is a pretty decent sized car make. I realize I may not have the whole picture here, but I am sort of unsure this will work, but hey, anything that means I can buy a Saab 5 years from now will make my day. Saab's are one of my favourite car makes because even after the GM takeover they were always unusual, innovative and iconic.
27th January 2010, 10:26
Daniel

http://news.bbc.co.uk/1/hi/business/8478524.stm

Quote:

Spyker sold 43 cars in 2008 when it posted a loss of $35m (£21m). Its first offer to GM for Saab was rejected.
Six-year-old Spyker, which sold another 23 cars in the first half of 2009, has yet to make a profit.

:mark:

I don't geddit.
27th January 2010, 11:30
Lousada

I would almost say that Spyker is a money laundering operation. I don't understand how they keep going. Anyway, the Spyker stocks had a few bumps these past weeks and that's all that matters :mad: