Tag Archives: coach

The “Save Saab” Gathering In Southern, California

Posted on 18. Jan, 2010 by .

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socal

Photo Credit: Drew

The Southern California “Save Saab” convoy has just gotten back to Saab History with a Saab count of about 30.

The event seemed to go quite well for them as they described in their summary below. For more photos, click here.

We took about a 120 mile road trip up the California coast, to near the small town where the *Sideways* movie was filmed. We had about 30 cars in attendance, and had after party at a local tavern that was originally a stage coach stop in the pioneer days of the West Coast of America.

It was a balmy 55 degrees F despite how much clothing people appear to be wearing, and since we didn’t think there was a support convoy in Hawaii or Alaska, we were probably the last Save Saab Caravan still at it (the caravan part at least).

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Saab History Hears From Victor Muller Of Spyker Cars

Posted on 18. Dec, 2009 by .

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Saab History hears from Victor Muller of Spyker Cars about the decision today.

I am so disappointed i have no words to describe it.we gave everything we had,it was not enough.

Victor Muller

Here is his quote above, a press release from his company, below.

spyker1

12.18.2009

SPYKER AND GENERAL MOTORS END DISCUSSIONS ABOUT SAAB
ZEEWOLDE, The Netherlands (18 December, 2009) – Spyker and General Motors (“GM”) decided today that the intended sale of Saab Automobile AB will not be concluded. During the due diligence, certain issues arose that both parties believe cannot be resolved prior to the expiry of the deadline set by GM (i.e. 31 December 2009). As a result, GM will start an orderly wind-down of Saab operations.


Victor Muller: “We sincerely regret that we are not able to complete this transaction with GM. We worked 24/7 for three weeks, but the complexity of the transaction in combination with the strict deadline simply did not allow us to complete the transaction timely. Our thoughts are with the wonderful management and employees of Saab in these challenging times”.

-Ends-
About Spyker Cars
Originally founded in 1875 as a coach builder, Spyker produced its first motorcar in 1898. From the
company’s earliest days Spyker Cars became known for their performance and exclusivity, many of
them establishing speed records in their day. The company later diversified its production and built
fighter aircraft and aircraft engines. The original Spyker company ceased trading in 1925, but its
brand name and reputation for technologically advanced, exotic and dependable cars has been passed
on to the new Spyker company and its cars

Built on five brand pillars – heritage, design, craftsmanship, performance and exclusivity – the current
Spyker Cars company was established in 2000 as a manufacturer of hand-crafted, premium sports
cars. The racing and aviation heritage of the early cars has been carried over to contemporary
Spykers, which also benefit from experience gained by participating in racing events such as the 24
Hours of Le Mans. The company’s slogan, introduced in 1914, “Nulla tenaci invia est via: For the
tenacious no road is impassable” continues to be used on its distinctive propeller and wheel logo.
Spyker Cars is listed on the NYSE Euronext Amsterdam.
Additional information can be found on Spyker Cars’ website: www.spykercars.com

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Dutch Based Skyker Cars Interested In Buying Saab

Posted on 02. Dec, 2009 by .

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Reuters reports that dutch based Spyker cars, a small luxury car manufacturer is interested with Saab and is currently in talks with GM.

Please take a look at Spyker car’s website and read the rest of the article below for more information:

Dutch luxury car maker Spyker interested in Saab
Wed Dec 2, 2009 7:11am EST

AMSTERDAM (Reuters) – A second small luxury car maker, Spyker (SPYKR.AS) of the Netherlands, is talking to General Motors GM.UL about buying Saab Automobile, weeks after Sweden’s Koenigsegg dropped its bid.

A spokesman for Spyker, which made 43 cars last year that sell for 200,000 euros ($301,400) and upwards, said the Dutch auto maker was interested in Sweden’s Saab and was talking to GM but declined to say whether it had submitted a bid.

Last month, Koenigsegg, which makes sports cars valued at $1 million, pulled out of a deal backed by China’s Beijing Automotive Industrial Holding Ltd (BAIC) to buy Saab, putting in doubt the future of the 60-year-old mass-market automaker, known for its 9-5 and 9-3 sedans.

U.S. automaker GM, which has been restructuring its European operations after a period in bankruptcy protection earlier in the year, has said it would consider offers for Saab until the end of December and then take steps to close it if nothing suitable materializes.

Automotive News first reported Spyker’s interest in Saab.

Spyker itself has never turned a profit and has had to secure financing since it was resurrected as a luxury car maker in 2000 to compete against Lamborghini, Ferrari (FIA.MI) and Bentley (VOWG.DE).

Spyker’s roots go back to 1875, to a family firm that once built a coach for the Dutch royal family and later moved into automobiles and aircraft, but was liquidated in 1926.

The maker of the C8 Aileron and D8 luxury sport-utility vehicle got rescue financing in 2007 from Abu Dhabi’s sovereign fund Mubadala, which holds 23 percent, while Russian banking tycoon Vladimir Antonov holds 29.9 percent. Chief Executive Victor Muller owns 10 percent.

Saab has not made a profit since it was taken over by GM 20 years ago and estimated it would make a loss of 3 billion Swedish crowns ($434.5 million) this year and again in 2010.

It needs huge investment to bring its models up to date and reverse a dive in sales in recent years, and many analysts believe the brand has little future in an industry struggling with overcapacity.

As for Spyker, CEO Muller told Reuters in July that it still needed to secure financing for 2010.

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GM Asks FAA To Stop Tracking Flights Of Private Jets

Posted on 29. Nov, 2008 by .

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n5116.jpg

Photo Credit: Matthew Smith

Bloomberg, BBC & Aero News announces that General Motors, in an attempt to continue their isolation from the reality of the rest of the world, has instead of selling all of their private jets, have asked the FAA to stop tracking the flights of their private jets. These are the jets that GM executives fly including CEO, Rick Wagoneer as recently exhibuted during his visit to the United States Congress to beg for a no-strings handout.

General Motors and their leadership still do not get it. Why can’t they just get off of their “high horse” and they fly coach, drive or take public transportation like the rest of us? I am really starting to believe that their company is actually not in the dire straights that they are in because it takes a lot of money to fly and lease these private jets, so where is that money coming from exactly if they “don’t have any”?

Furthermore, for General Motors to request that the Federal Aviation Authority to bar the public (us & the media) from being able to track their flights is absolutely appalling and the epitome of arrogance. Message to General Motors: The 400 pound gorilla in the room is NOT that we can SEE you flying, it is the fact that you are FLYING these jets period!. Get a clue and start living a modest lifestyle so that you don’t take your company further into debt and wasting everyone’s money including, quite possibly the tax payers here in the United States!

As expected I checked to see if I could track one of their 8 jets with the registration N5116 from Aviation Air LLC in Danbury, CT and that website now shows “This flight is not available for tracking per request from the owner/operator”. No surprise! Anyone know the remaining 7 registration #’s for their private jets?

I leave you with Blogging Stocks best response to this appalling news as of late:

General Motors Corp. (NYSE: GM) just doesn’t get it. After flying in a corporate jet to Washington last week with tin cup in hand, its executives have not wised up. Rather than flying on public airlines like the rest of us do, they want to keep flying those corporate jets. But they want to make sure nobody in the public can track their flights.

If this is not the height of arrogance I don’t know what is. Bloomberg News interviewed a GM spokesman who said, “We availed ourselves of the option as others do to have the aircraft removed” from a Federal Aviation Administration tracking service. But he declined to discuss why GM made the request.

GM doesn’t need to explain why it made the request. I already know — it wants its executives to be able to keep flying on corporate jets and it doesn’t want Congress or the public to know about it. I think GM executives should consider three options: flying coach, getting the boot from the executive suite, or continuing to fly in their corporate jets until they run out of money.

If they pick the third option, they should not get a penny’s worth of taxpayer money.

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