Published: 7 Jan 10 07:50 CET | Print version
Online: http://www.thelocal.se/24234/20100107/
The CEO of General Motors (GM) expressed doubts on Wednesday about the likelihood of a last-minute deal to save Saab Automobile from being shut down.
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GM are in the business of losing money so why wouldn't they walk away from prospective buyers, close Saab and get sued by 1100 dealers? In the process they can lose GM shareholders (including the US taxpayer's who own 61%) a fortune. Sounds like just another day at the GM funny farm where the best idea comes from the most senior person in the room regardless as to whether he is an egotistical dinosaur or not.
How stupid can I be... sorry, I forgot about GM's brilliant management, that made huge profits on the company the last decade. I forgot how they indeed made the right choices in their productlines. How they dynamically turned around when the world changed. How they controlled the unions and the employees.
Silly me, of course they will make the right decision again!
Unfortunately the sarcasm and conspiracy theories continue to dominate TheLocal's commentary.
Whitacre is speaking clearly here. GM tried to make SAAB profitable, but couldn't.
Spy: The dealers had contracts with the Old GM, which was closed during the bankruptcy last summer.
I have a feeling you are a GM you stooge - you sound like a 'yes man!'.
When Whitacre made these comments he was speaking prematurely as I think there will be many groups will ing to 'show the money'. Plus we will we will see if the dealers have an action - I am sure they signed those contracts based on the fact that GM were going to sell Saab rather than shut it down.