Another Chinese Acquisition Goes Bankrupt -- Saab

[EndoClock]

You are very shallow and childish.

 

[gambit]

This is not to gloat but only to opine.

The Chinese investors should not have gotten involved in this deal. On the surface, it looked attractive enough, Saab was a brand associated with BMW level of engineering and quality. I drive a 2001 Saab 9-5 SE. It is a good car. But Saab made a risky move when the company agreed to be acquired by GM and it did not paid off. GM bought Saab because GM wanted to gain a foothold into the 'Euro' discriminating American buyers market, meaning Americans who have money and would drive nothing but BMW, Mercedes, Volvo, and yes, Saab. GM neglected Saab and let the brand languish in terms of investing new technology to elevate it above BMW, Mercedes, and Volvo. GM could not afford to have Saab surpass Cadillac and the engineers at Saab could have done it -- easily. With GM's capital and technology reserves, Saab could have bested BMW, Mercedes, and Volvo. It was a contradiction that puzzled many Saab investors and car owners like myself: Why bought the brand if you are not going make it better?

In a way, I feel sorry for the Chinese investors.

 

[Tractor]

Good to see the most ugly cars disappear together with their producer.It's a disappointed thing that car brands like Jaguar is not owned by Chinese companies.

 

[Oy.vey]

There is no acquisition, but GM only owns ~10% or so of the license, so SAAB will probably sell off the ~80% of the technology that they do own anyway.

 

[Big Boss]

Recently Mahindra & Mahindra of India have purchased a Korean company Ssangyong Motors which was goes bankrupt under the ownership of chinese company who have acquired it to steal technology and expertise of Ssangyong Motors.

 

[Big Boss]

This is not to gloat but only to opine.

The Chinese investors should not have gotten involved in this deal. On the surface, it looked attractive enough, Saab was a brand associated with BMW level of engineering and quality. I drive a 2001 Saab 9-5 SE. It is a good car. But Saab made a risky move when the company agreed to be acquired by GM and it did not paid off. GM bought Saab because GM wanted to gain a foothold into the 'Euro' discriminating American buyers market, meaning Americans who have money and would drive nothing but BMW, Mercedes, Volvo, and yes, Saab. GM neglected Saab and let the brand languish in terms of investing new technology to elevate it above BMW, Mercedes, and Volvo. GM could not afford to have Saab surpass Cadillac and the engineers at Saab could have done it -- easily. With GM's capital and technology reserves, Saab could have bested BMW, Mercedes, and Volvo. It was a contradiction that puzzled many Saab investors and car owners like myself: Why bought the brand if you are not going make it better?

In a way, I feel sorry for the Chinese investors.

In simple words they have not made intelligent decision, can not manage the deal and lost money that's the thread is about.

They just throw money without doing market research and studies.

 

[Big Boss]

Good to see the most ugly cars disappear together with their producer. It's a disappointed thing that car brands like Jaguar is not owned by Chinese companies.

The chinese companies have tried hard but Indian company have purchased it and now it have all the technology, assets etc.

The most important thing one likes to remember is that is related to this thread is that its not everyone's cup of tea to turnaround or run a successful venture.

Indian company is doing well with Jaguar Land Rover

Jaguar Land Rover sees record profits of £1bn as sales soar in China and India | Business | The Guardian

Jaguar Land Rover boosted by Chinese demand - Telegraph

China overtakes US in Land Rover sales - Rediff.com Business

 

[Zabaniyah]

Shame. I used to love SAAB cars, they're so sexy

 

[longbrained]

It is just a small business matter. And by any rate, China is still in learning stages with regard to auto production and once they learn it then all auto producers of Europe and US will go bankrupt and all the cars in the world will become Chinese as electronics has become. Saab is just a failed auto whose time was due.

 

[Punjabbi Munda]

just shows indian's class and taste. Such little thing can harm China?

That just indicates the problem China has started to face..It has already started to slow down..Sad..seems like your dream of overtaking USA is still a distant one.
My sympathies

 

[Sonyuke_Songpaisan]

That just indicates the problem China has started to face..It has already started to slow down..Sad..seems like your dream of overtaking USA is still a distant one.
My sympathies

Yes，China is declining while India is shining that's your dream. Just beg and pray for it. Poor Indians

 

[Punjabbi Munda]

Yes，China is declining while India is shining that's your dream. Just beg and pray for it. Poor Indians

India has also slowed..we grew at 7.5% but the bad seems to be gone now..food inflation is 1.81% ..lower than China's.
China's problem has started..be prepared
My sympathies.

 

[Dr. NooB NinjA]

This thread is nothing but a Poor attempt at trolling.!!

 

[sss112]

Feel sorry for the SAAB going down.

A good car maker.

I think Volvo cars is also owned by a Chinese company and is doing ok.

 

[xLancex]

Whats up with the damn trolls?