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."
Read It Here First
https://www.futureofcapitalism.com/2009/12/read-it-here-first-26
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