Here at Big Bucks Auto we do a lot more than just buy used cars. We also like to keep up to date on what’s happening in the auto industry. Whether it’s new concept cars such as the one in our last car article – The Bufalino: A Studio Apartment On Wheels, or an old clunker, we want to know what’s going on in the auto industry! Yes, we would still like you to sell your car, but we would also like you to read our blog as well. Today we’re taking a look into the car company known as Saab. Saab enthusiasts know who I’m talking about but just in case you dont here is a very brief history:
"Saab Future"
Photo courtesy of luxury-gadgets.com
Saab Bankruptcy
Back in 2009 General Motor Corporation’s Swedish-based subsidiary Saab went into bankruptcy protection. Saab was originally an aircraft maker but during the Second World War it began to manufacture Saab cars just in case you didn’t know. General Motors actually ended up making their initial investment into the company for management control in 1989 and by 2000 they had gained full ownership. As 2010 rolled around after they filed for bankruptcy GM was about done with Saab and announced that they were calling it quits but on January 26th 2010 General Motors confirmed that Netherlands-based, Spyker and General Motors had come to an agreement allowing Spyker to purchase Saab. Selling your car company seems to be a real headache. So what’s Saab been up to lately after their rollercoaster career as an automobile?
The Latest Saab News
Rumors have been floating around that Saab and BMW are in negotiations. For what you might ask? Well, Saab apparently might incorporate BMW engine technology in their line of cars. This might be what Saab needs. After almost falling off the face of the earth in 2009, they didn’t start off too good in 2010 either. Saab unit sales plunged 57 percent in the first half of 2010, to 10,535 vehicles, after the assembly line shut down for several months. Saab and Spyker reported a net loss for the first half of the year of $187 million. That’s no pocket change for any car corporation. If Saab is going to survive as a brand name amongst the automotive industry then it will be making more negotiations with other car manufacturers. One such negotiation was announced last week by Spyker saying that they will be forming a joint venture with American Axle and Manufacturing to develop electric and hybrid drive systems. This would great for them. Electric and hybrid cars are already becoming the wave of the future, so again if it wants to survive, then this also is a wise decision.
We Will Buy Your Car – Even Your Used Saab
One problem I hear all the time from owners of used Saab’s is that it’s extremely difficult to find the parts they need to fix their Saab. Today there are very few auto shops that specialize in Saab parts and because of this many Saab’s go unfixed. Just recently I met someone who drove all the way to upstate New York from NYC just to get a particular part for his Saab engine. Upon arrival to the Saab auto shop, much to his dismay, he found out the shop had closed down. Of course he should have called first to insure this didn’t happen but also he could have just sold his car. By the end of the whole ordeal he was saying “I want to sell my car!” Selling you car, more specifically your Saab, might be more beneficial to you in the long run. If anything goes wrong with the engine of your Saab, chances are you’re going to have a very difficult time finding the part you might need. Big Bucks Auto pays cash for cars, so why not let us take that old Saab off your hands?
