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GM denies any more brands under review

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Old Jul 8, 2008 | 09:22 AM
  #16  
gtjeff's Avatar
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GM should sell Saab. It has never made a profit since being owned 100% by General Motors. US sales are less than 40,000 units annually with a network of only 260 dealers.

All this brand is doing is siphoning funds from core brands such as Buick/Pontiac/GMC (with 3,000 US dealerships.) GM will increase market share by allocating funding to its core brands rather than wasting time with Saab. Lutz called Saab the "crown jewel" of GM on his fastlane blog. Just because someone is paid $20M yearly it doesn't mean he has the right answers.
Old Jul 8, 2008 | 10:52 AM
  #17  
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Originally Posted by gtjeff
GM should sell Saab. It has never made a profit since being owned 100% by General Motors. US sales are less than 40,000 units annually with a network of only 260 dealers.

All this brand is doing is siphoning funds from core brands such as Buick/Pontiac/GMC (with 3,000 US dealerships.) GM will increase market share by allocating funding to its core brands rather than wasting time with Saab. Lutz called Saab the "crown jewel" of GM on his fastlane blog. Just because someone is paid $20M yearly it doesn't mean he has the right answers.
Want to know one of the main differences between the Fiero and the Solstice (aside from the former's tendency to light on fire)? Most Fiero's were straddled with Iron Duke 4-cylinders. The Solstice gets a pair of ecotecs that have very clearly benefited from a Swedish massage.

As bad as things are for GM right now, can you imagine how bad it would have been if GM still lacked a 4-cylinder engine that compares with what the Asians offer?

If GM does indeed begin relying heavily on its ecotec,they'll be thanking their lucky stars for that quirky, money losing brand. Personally, I look forward to driving a turboed I4 Camaro - just as long as they don't move the ignition between the seats.
Old Jul 8, 2008 | 02:56 PM
  #18  
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Originally Posted by gtjeff
GM should sell Saab. It has never made a profit since being owned 100% by General Motors. US sales are less than 40,000 units annually with a network of only 260 dealers.

All this brand is doing is siphoning funds from core brands such as Buick/Pontiac/GMC (with 3,000 US dealerships.) GM will increase market share by allocating funding to its core brands rather than wasting time with Saab. Lutz called Saab the "crown jewel" of GM on his fastlane blog. Just because someone is paid $20M yearly it doesn't mean he has the right answers.
Selling a European/Global brand when the problem exists in the North American market doesn't make any sense. Nor does abandoning the luxury segment in one of the largest world markets.

GM could stop selling Saabs in the US, but honestly that probably doesn't cost them much if anything.
Old Jul 8, 2008 | 04:19 PM
  #19  
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Saab's expertise in designing small engines is a major score in thier book. I'd say it's also a premium brand that's both well respected and its image hasn't been sacrificed. they just need to intro newer, better product...
Old Jul 8, 2008 | 04:56 PM
  #20  
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GM isnt going to sell Hummer...
Old Jul 9, 2008 | 02:58 PM
  #21  
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From todays Detroit News:
On June 3, GM announced that it had retained Citibank to conduct a review of the Hummer brand for a possible sale. Hummer sales are down 40% this year.
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