[Spridgets] Sorry Lester... Bad news for oldsaabguy

[Linda Grunthaner]

I stood by GM since I was a kid always driving a GM backed car. After they
dumped Saturn & Pontiac (my 2 favorite cars) I now have another reason not
to ever buy a GM brand. Two things that annoy me, one they brought hopes up
with a "Penske' purchase appearing to be just a sales promo and 2nd they
killed 2 cool looking sports cars the Sky and the Solstice.
I still like my 94 SW2 but disgusted with GM.
Lin

On Fri, Dec 18, 2009 at 11:12 AM, Jim Johnson <bmwwxman at gmail.com> wrote:

> GM to shut down
> Saab<http://e.ccialerts.com/a/hBLK47eAGmKL2AfOUcZDhQju-Yy/awo8>
> By Dale Jewett | 12/18/09, 9:12 am et
> General Motors will shut down Saab after the automaker wasn't able to
> conclude a deal to sell the brand to Spyker Cars, GM said on Friday.
>  Despite the best efforts of all involved, it has become very clear that
> the
> due diligence required to complete this complex transaction could not be
> executed in a reasonable time," GM Europe president Nick Reilly said in a
> statement.
> "In order to maintain operations, Saab needed a quick resolution. We regret
> that we were not able to complete this transaction with Spyker Cars. We
> will
> work closely with the Saab organization to wind down the business in an
> orderly and responsible manner. This is not a bankruptcy or forced
> liquidation process. Consequently, we expect Saab to satisfy debts,
> including supplier payments, and to wind down...
>
> --
> Cheers!!
> Jim
>  Only two things are infinite, the universe and human stupidity, and I am
> not
> sure about the former.  - Albert Einstein
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