OK, so Koenigsegg Group AB want to buy the Saab division from GM. But they need a loan to do it. It looks like about $600,000,000 is needed. So, at the current rate of 19 Saabs sold per day at a rate of (this is where we make up stuff) $38,500 per Saab, the loan could be paid back in:
F O U R H U N D R E D B I L L I O N Y E A R S
Sounds like Wall Street should be behind this one! Actually, it would take two years to generate $600 million in sales… but that's not including the cost of the car itself. So, yeah, 400,000,000,000 years to pay this loan back.
There is no reason Koenigsegg Group AB should buy Saab. The division should go away.
Not that we care all that much for Trucks* but what the hell is Chrysler thinking? A brand just around the RAM trucks? It's not like these things have been selling like hotcakes... so WTF?
Is Chrysler going to spin off the Challenger, too? Oh, look, the Challenger brand is up 100% (when they sell their second car).
Seriously, we almost started the WTF category when Penske was going to buy Saturn but we scrapped it when Penske scrapped their plans. We decided we'll move ahead with the WTF category if Konenenishooterglavenberg makes the Saab purchase official, but now we're wondering if we should do it now.
Sorry for our rants about Saab recently (No Way), but what is up with Saab? How can this niche brand still be around?
Specifics? Sure, in August and September Saab sold 19 cars a day. Two months in a row! July? 22. Come on, Saab is totally, totally over. And there is no way any sane company is going to buy it. Just for comparison's sake, in the time that Saab sold 960-some cars, Toyota sold 300-THOUSAND (cash for clunkers helped this, sure, but come on! Saab sold fewer during the cash for clunkers shenanigans).
Actually, we didn't. But we knew this was a no go. There were no cars to sell. And it's not like people were lining up to buy any Saturns anyway.
So what happens now? Saturn just closes and "the dream" dies. GM never gave Saturn a solid shot. Oh, they started to but never followed through properly. The cars never really improved and the competition became better and better.
We're betting the same thing happens with Saab. GM took a niche, but well-loved, brand and made it so very mediocre (No hatch? It's not a frickin' Saab if there's no hatch, duh!).
The new Ford's here! The new Ford's here! And is he more qualified than ever or what?
Anybody who can keep junior high school kids not only in their seats but focused on a lesson plan can deal with any supplier issue, boardroom dispute or labor-contract negotiations he's ever likely to encounter.
Yeah, that's for su... What? This has been the secret all along? Not years in the industry but a couple of years teaching readin', writin' and 'rithmetic? Jesus.
Who in their right mind would buy a car company that sold 22 cars a day in July? But you say, "So what if they don't sell a lot of 'em. Profit it profit, dear Cars! Cars! Cars! writer." First of all, that's "writer." Second, doeth:
Trollhaettan, Sweden-based Saab has been unprofitable for most of GM’s 20 years of ownership and sold fewer than 100,000 cars last year.
Oh, dear. We fear this won't turn out so good. Also, expect higher prices for a car that few seem to want. At least it'll really be Swedish now.