Surprise! Spyker Sues GM For $3 Billion Over Saab Bankruptcy
Thought the long tale of Saab was over when the company went bankrupt last year? Not a chance.Full Story
#1 Aug 7, 2012
It would have been very nice if GM in its entirety had been allowed to die. In reality, this suit seems reasonable. GM is focusing only on the Chinese market at this time as this is where their profits are being made. Their American cars, with the exception of a few buicks that are Opel clones, are junk. The Volt is a joke that is being propped up by government purchases and loss-leading leases. They can not run Opel because their attitude about giving the customer the lowest quality product they will accept has made their vehicles less desirable than those made by the VW group companies. Ford is doing a good job, they have quality, competitive products, both here and abroad, they treated Volvo, Aston Martin and Land Rover well when they were sold, and they are pushing forward. GM used threats and the media to squash Saab's deal with the Chinese that was perfectly within the bounds of their technology licensing agreements with Saab/ GM, apparently, even threatened to stop producing the SUV made for Saab in their plant under contract.
This entire issue is even more absurd when one considers that GM has very little technology worth stealing. GM's technology is dated, it is not an innovative company, it is simply a dinosaur run by dinosaurs who still have the misguided belief that the American car industry, and the country as a whole, is a leader and on top.
I had to laugh. In a conversation with friends recently, no-one had owned a GM vehicle. No-one had friends that had GM vehicles. Several had distant family members in the midwest that still drove GM cars, but the family members were old, and being from the midwest, conservative and backwards thinking. Many had Hondas and Toyotas, a few had Fords, there were a few Jeeps, many BMW, Mercedes, Audi, Volvo drivers, a few Saabs, but nothing from GM. The opinions of the group were that Cadillacs were tacky and driven by old people, drug dealers and people striving to attract attention to themselves. Buicks were for middle class people who were disappointed with their lives and needed tacky chrome trim to show that they were not poor, and Chevrolets were rental cars. police cars, and a brand favored by white trash. The trucks and SUVs were for tradesmen, people with large families (Suburban) and rednecks. GM had lost any credibility with successful people from 25-45. The subject of the Volt brought a chuckle. The typical response was "Why buy a Volt when we could buy a Prius?"
#2 Nov 20, 2012
True. The Saab 9-3 was based on a 10 year old Opel Vectra design from Germany. What would the Chinese reverse-engineer from that?
GM are thieves. First, they buy Saab and completely suck the brand dry. Then they get rid of it when iot is near death, and strong-arm Spyker with this Chinese deal. Unbelievable.
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