Read It Here First

http://www.futureofcapitalism.com/2009/12/read-it-here-first-26

On December 3, I wrote, in a post headlined "Saab's Reluctant Seller": "Somehow I get the sense that General Motors is in the same position with Saab as Condé Nast was in with Gourmet. The company doesn't actually want to find a buyer that will take over and turn around the money-losing property, because if such a buyer and turned-around company do emerge, they will just be a competitor for General Motors and its brands, the same way that a sold and turned around Gourmet would have been a competitor for Condé Nast's Bon Appetit." Now General Motors has issued a press release headlined "Saab Sale Cannot Be Concluded/Brand To Be Wound Down."

by Editor  |  Dec 18, 2009 at 9:28 am Related Topics:  Auto Industry receive the latest by email: subscribe to the free futureofcapitalism.com mailing list