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.
Referenced articles
Automotive News: Saab loan-guarantee decision months away
thats so ridiculous to even think! I dont think its worth investing this...a business investment !! that cannot pay back in couple of years.
Posted by: Car Dealers websites | Wednesday, December 09, 2009 at 05:24 AM
As per the calculation, there is no way for Saabs. No loan company is brave enough to shake hand to rescue the Saabs, I guess.
Posted by: Car Accident Claims | Sunday, November 29, 2009 at 02:14 PM
if yaall think the swedish girl was good den u betta check out mah URL.
Posted by: Denise | Thursday, November 26, 2009 at 07:41 AM
Amazed reading this blog!
Posted by: Peugeot Middle East | Thursday, November 19, 2009 at 01:31 AM
How interesting.. the story of the loan and the Saab... great huh..? Do anybody really think that the company is really in need of a loan or is it a stupid joke either?
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Posted by: Mrs Rita | Thursday, November 12, 2009 at 11:04 PM
Why are they even thinking about spending that much money on an investment that can't get back to them in a decade? Is true about the 19 Saab's sold per day? If it is, it'll probably take them centuries until they get back what they invested on.
Posted by: sakura hasegawa | Friday, October 30, 2009 at 02:24 AM
Good article, especially the link to the Swedish woman.
Posted by: Robert | Thursday, October 22, 2009 at 11:41 AM