In Reply to: wrong, JohnA [Profile/Gallery] , Wed, 7 Sep 2011 18:21:47

True that the move for protection under the court -- apparently now denied -- was aimed at avoiding bankruptcy, but it is difficult to see the silver lining. Although my experience -- all from afar -- is solely related to the capital goods business, the principle is the same: No company initiates such moves willingly. Neither is there much strategy in the actions.

Court protection, bankruptcy, variations thereof, all tie the hands of management. Manufacturing and product decisions, capital investment, possibly even marketing and dealer appointment decisions require approval or are limited by terms of the court agreement or administrator.

I am still hoping for Saab's fairy godmother to wave her magic wand, but the likelihood is diminishing. Neither does it seem likely that any significant automaker would be interested in the acquisition for a long list of reasons (no analogy with the Jaguar experience, for example).

We need to hope for the best and prepare for the worst -- which I think, unfortunately, is imminent. Rose-tinted glasses won't help.

SEN

posted by 72.34....

• WTF?? Local news story posted SAAB just filed bankrupt, SaabDude , Wed, 7 Sep 2011 16:33:09
  • Re: WTF?? Local news story posted SAAB just filed bankrupt, tom, Thu, 8 Sep 2011 13:42:27
  • Possibly the next step?, JerseySaab , Thu, 8 Sep 2011 05:25:59
    • appeal, JohnA , Thu, 8 Sep 2011 06:48:06
      • appeal to be filed, JohnA , Thu, 8 Sep 2011 07:17:19
        • If Saab liquidates..., rob 96 aero, Thu, 8 Sep 2011 14:28:42
        • from Radio Netherlands, JohnA , Thu, 8 Sep 2011 07:20:31
          • Have VM disclosed his plan C? (n/m), Siegfried, Thu, 8 Sep 2011 13:35:24
            • plan C is appeal? (n/m), JohnA , Thu, 8 Sep 2011 13:46:26
              • IMHO, too trivial for VM (n/m), Siegfried, Thu, 8 Sep 2011 14:15:17
                • The Economist also said "suprise", JohnA , Thu, 8 Sep 2011 15:09:06
                  • Not dead yet after court setback: Saab, JohnA , Thu, 8 Sep 2011 17:07:47
                    • no plans to throw in the towel, JohnA , Fri, 9 Sep 2011 13:07:45
  • Tim Colbeck of Saab's Royal Oak HQ ...upbeat, JohnA , Wed, 7 Sep 2011 18:57:11
  • Basically Chapter 11?, BlueWhite, Wed, 7 Sep 2011 18:01:46
    • wrong, JohnA , Wed, 7 Sep 2011 18:21:47
      • Re: wrong, but ..., SENewhouse, Thu, 8 Sep 2011 06:41:39 <-- Viewing This Message
        • ask yourself this question, JohnA , Thu, 8 Sep 2011 07:00:14
        • not strategy so much as tactics, JohnA , Thu, 8 Sep 2011 06:52:03
          • Re: not strategy so much as tactics, SENewhouse, Thu, 8 Sep 2011 09:01:41
            • Muller talks to Pang Da and Youngman over wages, JohnA , Thu, 8 Sep 2011 09:51:41
      • My suspicions too, to protect SAAB from others..., MI-Roger , Thu, 8 Sep 2011 04:20:43
        • not to have proceeded as Saab has = messy, JohnA , Thu, 8 Sep 2011 05:24:49
  • not true, JohnA , Wed, 7 Sep 2011 17:42:08
  • read below (n/m), Siegfried, Wed, 7 Sep 2011 16:37:35

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