Not 100% clear if this includes Saab

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Germany has agreed a deal with Canadian car parts maker Magna International to take over Opel, the European wing of US carmaker GM.

GM Europe owns Vauxhall and the German-based Opel.

Lord Mandelson said that Magna had made it clear that they were committed to continued production in the UK.

He added he would be seeking a meeting to "reinforce that commitment".

Lord Mandelson was speaking after reports that Magna had reached an agreement in principle to rescue GM Europe.

"It looks as if GM in Europe can be saved, it can be turned around," he told the BBC.

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Graham

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Reply to
Eeyore
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It doesn't. Saab & Opel are completely separate.

Read

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- Swade's got some top-notch internal sources, it would appear.

Reply to
Adrian

Reply to
Balo

Balo gurgled happily, sounding much like they were saying:

Saab has never been part of GM Europe.

Reply to
Adrian

Really ? I never knew that. Best luck to them anyway. I did sign up to a group of Saab supporters a while back. If you could get rid of the 'suits' and the MBAs draining the blood of the business, maybe you could make a great car company of them again. It's not as if they lack the technology, good engines, great ergonomics etc etc !

Graham

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Reply to
Eeyore

Eeyore gurgled happily, sounding much like they were saying:

No, they were directly under the control of the US.

None of this is exactly news, though - anybody with even the _slightest_ interest in the ownership of Saab really does need to read SaabsUnited.

Reply to
Adrian

Not completely true. Saab is actually owned by GM Canada.

Reply to
th

Cite?

Regardless, the Opel deal has nothing to do with Saab (At least not yet).

Reply to
me

Saab is Svenska Aeroplan AB (or translated to english, Swedish airplanes Inc.). From 1990 the car producing part was moved to SAAB automobile.

Reply to
Balo

th gurgled happily, sounding much like they were saying:

The ownership was through the Canadian side, yep, but the control came from Detroit.

Either way - it's nowt to do with Opel...

Reply to
Adrian

Source: Gunilla Gustavs, Saab Automobile spokeswoman, quoted 27 May in several Swedish newspapers.

Reply to
th

How on earth are they going to deal with the Opels built in Saab plants and vice-versa ( if I have that right ).

And what of the Cadillac BLS ( not that they've made many ) ?

Graham

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Reply to
Eeyore

Eeyore gurgled happily, sounding much like they were saying:

9-3 convertible production has been ended at Magna-Steyr in Austria, and the tooling's being moved to Trollhatten.

The tooling for the new 9-5 is being moved from Russellsheim to Trollhatten.

The BLT had already been killed due to terminal disinterest.

The 9-4x will still be built alongside the Cadillac sister in Mexico, effectively under contract.

I dunno about the 9-7x - presumably, likewise.

Reply to
Adrian

The 9-7x is already dead. Production ended in December 2008.

One can only hope that with the split from GM that they will cancel the 9-4x too.

Reply to
me

me gurgled happily, sounding much like they were saying:

Why? It won't sell well in Europe - it may not even be sold over here - but it'll be hotcakes in the US, Saab's biggest market.

Reply to
Adrian

But it's GM intellectual property surely not Saab ? So GM would have to pay Saab a licence fee to put a Saab badge on it.

Graham

p.s incidentally I read somewhere recently that the UK is Opel's biggest market.

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Reply to
Eeyore

Eeyore gurgled happily, sounding much like they were saying:

Or vice-versa.

But, no - I think a lot of the dev was Swedish, so it's the Caddy-badged one that'll be getting licenced. Probably as a part of the production deal.

Even assuming Vx = Opel, I'd be surprised.

Reply to
Adrian

SUV's are not selling well in the US right now. Whether or not they will recover is a 50/50 bet. The Saab SUV has never exactly been a hot seller anyway, although the 9-4x has a better shot at the "crossover" market. At least that POS 9-7 rebadged Chevy is gone for good!

It's built in Mexico at a GM plant. Whether that sort of arrangement survives is an interesting question.

Reply to
me

"me" skrev i meddelelsen news: snipped-for-privacy@4ax.com...

According to Saab it will....

Reply to
Henrik B.

It surprised me too.

Graham

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Reply to
Eeyore

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