indieaz

http://money.cnn.com/2008/12/11/auto...ion=2008121108

hey01

booooooooooooo - nobody should support their domestic companies!

Wild Willy

Oh, must be they are building crappy cars that nobody wants, too, just like GM-

Or, is there an economic downturn and no credit available that is affecting all car manufacturers?

indieaz

Saab is owned by GM...and Volvo by Ford.

I assume they are only providing bailout funds on the assumption that GM and Ford will be selling the brands off.

91_z28_4me

The Swedes should have just purchased those brands so they would have a known future.

R377

It's a defensive move ... the same thing is happening in Canada. If Sweden, or Canada, don't come to the table with money for their domestic auto plants, they risk having them closed down as a condition of the larger bailout being put together in the US. You can see how the US government would pressure the US automakers to save jobs in US plants at the expense of foreign plants, unless there was already money tied to keeping those foreign plants running.

hey01

boooooooooo bailout! don't bailout any car company we don't need cars! let them all go under!



(except honda and toyota - you can do anything for them)

ADV1

wait... if they helped SAAB, doesn't that mean that the Swedes just helped GM? Maybe they can see how helping them is a good thing?

super83Z

ZOMG let them rot in the free market hell.