Saab and losing money go hand in hand like cheeseburgers and bacon. The first simply doesn’t work without the second.
I’ve never been a fan of Saab as a business. See, even if you like their “quirky” cars , the fact is that Saab loses money. In fact, Saab loses a ton of money, every single year. I’m not sure if they’ve ever turned a profit in their entire existence.
Back when GM dumped Saab, I couldn’t have been happier. For GM, of course. Saab was just bringing them down, and GM does a fine job of that all by themselves. Then Spyker bought Saab for some reason that I cannot fathom.
I’ll admit to losing track of Saab after that. In fact, I don’t even know who owns them today. But I do know that they just nabbed a loan of $157 million to keep the doors open. What I’d like to know is what sort of bank lends a completely insolvent company that kind of money? A bank who doesn’t like to have its loans repaid, I suppose.
I don’t. ↩