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| The Pub For General Automotive Related Talk |
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08-01-2013, 06:49 AM
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#1 | ||
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FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
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The importer and distributor of SAAB cars in Australia has been placed in administration owing roughly $2 million to its creditors.
SAAB Australia has six staff operating out of Port Melbourne and just 10 new cars for sale in Australia. The administrator Ferrier Hodgson says a creditors meeting will be held by the end of this week. Partner Stuart McCallum says it was not unexpected as SAAB's Swedish parent company entered bankruptcy in December 2011. "This is as a result of the bankruptcy of the SAAB cars' parent in Sweden, following the global financial crisis in 2008 and specifically the collapse of Lehman Brothers that led to a large shock in the global car industry including for SAAB," he said.
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You've seen it, you've heard it and your still asking questions?? Don't write off the Goose until you see the box going into the hole.... |
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08-01-2013, 08:59 AM
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Giddy up!
Join Date: Dec 2007
Location: Melbourne
Posts: 2,126
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Sad for the people who will have no jobs.
As it says, it wasn't unexpected. I looked at one in 2007, and went the Mondeo instead. There are a few 2011 95s on car sales, want to be cheaper than $49k before I put the money down.
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Current: June 11 built Titanium TDCi Territory, Edge, side steps, mud spats, bonnet protector, tow pack, full tint. Nov 10 built XR6 Sensation. Previous: Oct 07 built Mondeo TDCi hatch, Stardust Silver, bluetooth, leather, tow pack, sunroof. |
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08-01-2013, 12:10 PM
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Professional Mouse Jockey
Join Date: Nov 2005
Location: SE Vic
Posts: 3,185
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Does SAAB even still exist as a car company?
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Isuzu MUX for towing horses - currently no Fords in the stable Time flies like an arrow; fruit flies like a banana. Groucho Marx
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10-01-2013, 08:48 AM
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#5 | |||
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Regular Member
Join Date: Nov 2011
Posts: 169
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Quote:
Last year, National Electric Vehicle Sweden AB acquired Saab's assets and its brand name. Apparently, it intends to build an electric vehicle off the 9-3 platform and release it in 2014 - there's some more info here: http://www.wikicars.net.au/news.php#...article&pno=78. Time will tell whether this comes to pass, but I wouldn't hold my breath. |
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08-01-2013, 03:17 PM
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Donating Member
 
Join Date: Apr 2009
Location: reservoir
Posts: 4,582
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Sad for the people who will have no jobs.
yes it will be but i'll stick to my original post 
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09-01-2013, 06:31 PM
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Former BTIKD
 
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Bugger, I was annoyed when the parent company went broke a couple of years ago, I used to rally one back in the '70s, they were a brilliant little car and safer, and more fun to drive, than Volvo's.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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09-01-2013, 11:20 PM
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I was correct - AGAIN
Join Date: May 2010
Location: Third rock from the sun
Posts: 1,801
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Quote:
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11-01-2013, 02:52 PM
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#9 | |||
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Former BTIKD
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
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Dying at your job is natures way of saying that you're in the wrong line of work.
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09-01-2013, 07:07 PM
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#10 | ||
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Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,827
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I worked on a 90s Saab 900 and it had some cool features for the time, globe failure warning system in the dash, with all other sorts of fault codes it could log and bring up for you.
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09-01-2013, 11:06 PM
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Za Dom spremni
Join Date: Dec 2005
Location: Adelaide
Posts: 1,759
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Black Saab rules...jackass
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2017 red mustang GT manual XB coupe 351 4spd sunroof onyx black XBGT 4 door Sunroof apollo blue AU III XR8 red ute |
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09-01-2013, 11:29 PM
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re
Join Date: Oct 2005
Location: Victoria - where being slow & incompetent is considered being "safe"
Posts: 1,323
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Shame to see them go south. At least we never saw the badge engineered Chevy Trucks and Subaru WRX's that they flogged in the states.
http://en.wikipedia.org/wiki/Saab_9-7X http://www.autoevolution.com/cars/saab-9-2x-2004.html http://en.wikipedia.org/wiki/Saab_9-2X#Saab_9-2X The last turbo 4x4 models were meant to be okay and there are still the rumours about how pig-headed and bloody minded both sides were (SAAB developing their own entertainment system rather than use off the shelf system, being obstinate with Bosch ABS, etc). Knew a guy who loved them. Had a Sonnet, 99 Turbo, 9-5 and he loved all the rough edges and torque steer of his 9-3 Viggen (oh what a proper Lotus developed suspension could've done for it).
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Scuderia Rev: Otto the tow pig - 2007 3.0 litre Coupé, vernünftig schnelle aber kein peilstab, Bathurst 2007 und 2010 zwölf Stunde Gewinner Jaffa the angry ant - mid 70's Honda 市民の, 73 と立方インチ LSD Elle "the body" shell - early 70's Datsun フェアレディ coupe. いい体は彼女の内側、内側と土台を待つ |
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10-01-2013, 01:24 AM
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Call me dirt... Joe Dirt
Join Date: May 2009
Location: Back in Perth for good
Posts: 5,302
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On the second-hand car market, they are an incredible bargain. Be a hell of a lot cheaper now too I guess.
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2007 BFII FPV Cobra Ute|Boss 302|6M|#23/100 Mods so far: Billet Products Shifter|X-Force Exhaust|Herrod Oil Breathers|Whiteline Sway Bar|Tein SuperStreets|Kings FOR-303SL Rear Springs|Melling Oil Pump|Mace Manifold Spacers|Powerbond Underdrives|Pacemaker Headers|Ballistic Cats|XFT Custom Tune @ 308.3rwkw|DBA T3 Rotors|Ferodo Pads|Goodridge Braided Lines Mods to come: 4.11 Diff Gears|Chromoly Tailshaft I use & recommend: Castrol|Motorcraft|Mainlube|Penrite Check Out My Build Thread |
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10-01-2013, 01:53 AM
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FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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It's sad too see another company goin down the gurgler, as well as it being peoples livelyhood , the company was probably someones dream at some stage, probably won't be the last to fold in these times either.
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10-01-2013, 09:30 AM
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re
Join Date: Oct 2005
Location: Victoria - where being slow & incompetent is considered being "safe"
Posts: 1,323
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GM had problems with a Chinese buyout because of IP issues. The've been stung before.
I could never see Spyker or Koenigsegg making a go of it. I mean Aston Martin is struggling now despite the injection of private Arab money. They relied too long on an old Opel and Euro type 4 platforms. At least their museum got saved. And poor old Erik Carlsson, they used to wheel him out for PR duties, he must be feeling a bit sad about it all.
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Scuderia Rev: Otto the tow pig - 2007 3.0 litre Coupé, vernünftig schnelle aber kein peilstab, Bathurst 2007 und 2010 zwölf Stunde Gewinner Jaffa the angry ant - mid 70's Honda 市民の, 73 と立方インチ LSD Elle "the body" shell - early 70's Datsun フェアレディ coupe. いい体は彼女の内側、内側と土台を待つ |
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10-01-2013, 09:42 AM
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#16 | ||
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Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Beggers the question..... 6 staff for 10 cars?
It's not as if they were overseeing a huge manufacturing or importing program, or a mass of customer enquiries. What would those 6 staff be doing??
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___________________________ I've been around the world a couple of times or maybe more....... |
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11-01-2013, 03:00 PM
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#17 | |||
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FG GT 5.4 w/ additions!
Join Date: Jan 2007
Location: Sunny SE Melbourne
Posts: 2,105
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Geez. I remember the late 80's when my sister was head of payroll in cambellfield. Was many more than 10 staff then.
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SAAB Australia placed in administration
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