Even though this is a blog about Volvo I can not help putting down another line for SAAB. The SAAB-story is a thriller that has kept Sweden in a tight grip for weeks, by now. Everything is seriously pointing toward liquidation but there is still a lot of people that hope for a buyer that will continue the manufacturing of cars. Money is, as always in these cases, the problem. General Motors wants at least half a billion dollars to sell and so far no one has come up with that sum. I think, sadly, that the game is over and the last nail in the coffin might come today.
One financial adviser said ” If you want to continue with SAAB you need a big fortune to make a small fortune”. The odds for finding such a fortune hunter must be small.