Friday, February 20, 2009

FIRE SALE! All subsidiaries must go!

So, Saab is filing for bankruptcy--or rather the GM subsidiary, Saab, files for bankruptcy. It appears the Swedes won't help GM by giving them more money. I'm shocked! note the exaggerated sarcasm

I'm the first to admit I don't understand the world of finance and big business. It doesn't, however, come as a surprise that GM is having to scramble to reorganize Saab so they can try and sell them. Of course, selling Saab won't save GM, especially if the gazillions of dollars the U.S. government has already given GM can't save them.

What does this mean for me and my Saab? Probably nothing. I'm not under any kind of warranty and I don't ever go to the dealer (unless I need my remote key programmed). It does mean I probably won't be replacing the Vig with a new Saab any time soon. Yeah, 'cause that was going to happen!! note even more exaggerated sarcasm

Read the full story here: Saab files for bankruptcy protection from creditors