Tuesday, January 26, 2010

Saab Lives!

Welcome to the latest installment of my inexplicably long-running account of the saga of the demise of a middling automaker. Just as I thought Saab was dead, someone swooped in to rescue it from oblivion.

No less weird a carmaker than Konigsegg, Saab's last jilted suitor, the Dutch specialty automaker Spyker has stepped up to the altar to save Saab from extinction. For the low, low price of $74 million in cash, plus stock and a loan from the Swedish government, it looks like Saab will live to see another day. What kind of company it can be under the leadership of the tiny Spyker is still to be determined. Dutch and Swedish ownership, however, should ensure that whatever models bear the Saab name in the future will carry on the marque's fading hallmarks of innovation and random weirdness.

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