I had posted in June that The End of Saab Cometh and it seems now that I might be right after all. Koenigsegg has backed out of buying the carmaker from GM and the only real option left is to shut it down.
Saab has been a loss making proposition ever since GM purchased it in 1989. Manufacturing cars in Sweden is expensive, and thus a bad idea, and making unreliable cars such as Saab is even worst.
Time indeed to shutter Saab.
