Let Saab die with some dignity

Victor Muller continues pimping Saab around the world and dragging it through the mud to a slow and undignified demise — all just to satisfy his own inflated ego. He continues jetting around the world ostensibly to find new money to rescue Saab but he has never addressed the fundamentals. Saab now cannot pay its workers  (but Muller took out a fat bonus on the grounds that Saab had achieved 80% of its business plan!!!!!).

There are demands from the unions that the government should step in — one wonders why and to what purpose? Or that the government should allow Russian dirty money into the company. But these are both incredibly  short-sighted suggestions and little more than the empty posturings of an obsolete and  decadent trade union.

The fundamentals don’t work and subsidising Saab with taxpayer money is no solution. For 12 years I always drove a Saab (a Saab 9000 and later Saab 9.5’s) and I admire the car and the brand which is still strong. But the cars are no longer competitive and it is time to end the agony and call it a day.

From the FT:

Labour unions have threatened legal action after the owners of Saab, the struggling Swedish carmaker, said it could no longer pay employees’ wages.

Netherlands-based Swedish Automobile – which used to be known as Spyker Cars – said that Saab Automobile, which it owns, would be unable to pay employees’ wages because it had not yet obtained the short-term funding that it was seeking.

The news will fuel doubts about the survival of Saab. Production at its plant in Trollhättan, north of Gothenburg, has been closed for most of the past two months because of a dispute with suppliers over unpaid bills.

http://www.ft.com/cms/s/0/d1a78c26-9d68-11e0-9a70-00144feabdc0.html#axzz1QAFzI4Y7

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One Response to “Let Saab die with some dignity”

  1. Victor Muller’s games continue: Are the new Saab shares ending up in Russian hands? « The k2p blog Says:

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