Well, that should help to keep the price high!
Whilst I do sincerely wish Saab well, it is of some concern than neither GM (in 20 years) nor Spyker (since 2000) have managed to be profitable. Presumably Spyker's sales targets are a critical aspect of their budget predictions/business plan on which they secured loans which enabled them to purchase Saab. They need 45000 car sales in 2010 and are only at 25% of that target by the end of June.
It makes me wonder what collateral assets (land,buildings,etc) Saab owns that supported the loan advances Spyker received.
Nevertheless, BMW must have felt there was a Saab future – though actually they have nothing to lose by the deal. They can sell extra engines and it's Saab's responsibility to see that the engineering functions.
Posts
No comments:
Post a Comment