GM Selecting AlixPartners To Wind Down (Eliminate) Saab

Posted on 08. Jan, 2010 by in 2010-2019

This is completely unacceptable, and mixed messages with bids coming in and production resuming on Monday and now this from GM.

Now GM is having someone else do their work to “wind down” Saab. If you read between the lines, this is a message to the Swedish Government who still don’t get it. They need to give these bids an EIB loan guarantee. If they don’t presumably, none of the bids will be accepted!

To learn more about AlixPartners and express your opinion about their partnership with GM to “wind down Saab”, check out their website and send them an e-mail by visiting their website here.

Here’s their press release below.

GM Statement Regarding Saab

2010-01-08

GM today confirmed it has selected AlixPartners to supervise the orderly wind down of Saab, and has requested approval of the selection by the appropriate authority in Sweden. The use of a wind down supervisor is a commonly-used process in Sweden and works in the interest of the shareholder.

The wind down process is expected to take several months, and will ensure that employees, dealers and suppliers are adequately protected. As stated previously, Saab customers can be assured that warranties will continue to be honored and that service and spare parts will continue to be available.

GM also confirmed that it has received several proposals for Saab and is continuing to evaluate these proposals. This evaluation is not affected by the appointment of AlixPartners.

Tom Wilkinson
Tel: 313-667-0366
Mobile: 313-378-6233
tom.wilkinson@gm.com

John McDonald
General Motors Company
Phone: 313-667-3714
Mobile: 313-418-2139
john.m.mcdonald@gm.com

Stefan Weinmann
Director Opel Global Corporate and Internal Communications
Telefon + 49-6142 7-77339
stefan.weinmann@de.opel.com

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2 Responses to “GM Selecting AlixPartners To Wind Down (Eliminate) Saab”

  1. Keith R Bujak

    08. Jan, 2010

    Perhaps, as you mention, this is a ‘threat’ from GM to the Swedish government to make things happen with the EIB loan. But between the “wind-down”, multiple bids from reliable persons/organizations, and production restarting on Monday, GM is looking more and more incompetent by the minute. They need to stop wasting my tax dollars with their idiocy!

    Reply to this comment
  2. matty-m

    08. Jan, 2010

    am i surprised no am i disgusted yes having been a previous gm customer of many years (vauxhall) and now on my second saab convertible (08) i will now boycott every product that gm either produces or is associated i have bought 7 brand new gm cars in the last ten years gm you will never get another penny of my hard earned money shame on you vw/audi you have gained a loyal brand customer condolences to all saab employees i feel for you all x

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