Word: saab
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...line for Saab, the quirky little Swedish carmaker, could come as soon as next week, when the General Motors board of directors is scheduled to meet in Detroit...
...Webb, chief economist for Atlanta-based Manheim, one of the nation's principal used-car auctions, says "orphan" brands such as Hummer, Saturn and Saab have felt the brunt of adverse consumer reaction to the GM bankruptcy. In addition, Hummer's dealer network is in disarray and used Hummers have lost value, Webb notes...
...Number of brands GM is trying to unload. It recently agreed to sell Hummer to a Chinese firm. It has potential buyers for Saturn and Saab, but Pontiac could be junked. GM's newly consolidated European arm, Opel, is being sold to Magna/Sber bank/GAZ, a Russo-Canadian partnership...
...SAAB Acquired 1990 FOR SALE...
...chief executive officer Fritz Henderson says Koch will work with a small staff to dispose of the pieces dumped into the "old" bin, including brands such as Hummer, Saab and Saturn. "He won't have anything to do with the operation of the new GM," says Henderson...