Saab running out of money - Dodge Nitro Forum
Off-Topic Discussion If you have something to discuss that is not related to the Dodge Nitro, post it in here. Keep it work safe!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 04-01-2011, 10:28 AM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,856
Garage
Saab running out of money

SAAB RUNNING OUT OF MONEY

04/01/2011

The Wall Street Journal reports that Saab is running out of money fast and may be on the brink of collapse if it does not get new funding soon. Victor Muller, whose company Spyker Cars owns Saab, is trying to get Russian billionaire Vladimir Antonov to invest in the company and provide it with much needed cash. Antonov had been with Spyker before, but General Motors forced Antonov to drop any involvement with Spyker before it agreed to sell Saab to Spyker. The company is definitely in turmoil. Last week Saab’s long-time CEO, Jan Ake Jonsson, retired; the CFO the company wanted to hire decided he didn’t want the job; and earlier this week Saab had to stop production because supplier IAC refused to ship parts until it was paid. Here’s my Autoline Insight: Victor Muller is a very crafty businessman and will probably be able to raise enough money—for now. But all this shows that Saab is in a very precarious position.


Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Off-Topic Area > Off-Topic Discussion

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
GM must pay debt, make money before IPO rickaren Chrysler/Dodge/Jeep News 0 11-19-2009 01:23 PM
Saab Dealers Running Out of Cars rickaren Chrysler/Dodge/Jeep News 0 11-17-2009 04:35 PM
Toyata: money-losing automaker rickaren Chrysler/Dodge/Jeep News 0 10-02-2009 10:44 AM
GM to extend money-back guarantee? rickaren Chrysler/Dodge/Jeep News 0 09-25-2009 12:07 PM
G.M. to Make a 60-Day Money-Back Offer rickaren Chrysler/Dodge/Jeep News 1 09-11-2009 03:04 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome