Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The company didn't make money before GM either. It was supported by the truck and arms manufacturing which has since been spun off. The Wallenbergs couldn't be happier, they got to keep the family silver while dumping the autos on the unsuspecting Americans.

100.000 cars is not enough at the prices they take today. They need 150.000-200.000 and they won't get that. The alternative is raising prices, but there's no way anyone would choose a SAAB when they could get a Lexus, BMW or Mercedes for the same price. No way.

There is a huge global overcapacity and competition is razorsharp. The herd will be culled.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Aug 21st, 2009 at 02:46:38 PM EST
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