« Fisker: greening the world with beautiful cars | Main | Lutz: What brands will stay, and why »

January 12, 2009

Saab a "luxury we can't afford," says GM

By Michael Bettencourt

Saab may have a future past this year, but the way things are sounding now, that future won't be with GM for long.

GM vice chairman of product development at first wouldn't discuss future specific Saabs to come or not come at all, but where the future of Saab as part of the GM family seemed pretty clear.

"Saab has never been profitable, and likely never was, so it's just a luxury we cannot afford right now," said Lutz.

He didn't specify how long GM could keep the brand's lame duck status going, as it was already named as a brand that was not part of GM's future in plans submitted to the U.S. government. GM and Chrysler have until the end of March to submit a final plan to the government on how they plan to restructure themselves into smaller, profitable versions of themselves, but their initial plans are due in to the government on February 17.

TrackBack

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Post a comment

advertisement

About the Authors

Justin Couture Justin Couture

Reportedly, the first word to come out of his mouth was "car," and since then it's evolved into a life-long passion. Justin is a fan of passionately engineered vehicles, but in general, loves the industry as much as the cars it produces.