Apparently General Motors CEO Fritz Henderson thinks the upcoming Saab 9-5 is so good, he doesn’t want to sell the Swedish automaker. In an interview in Sweden’s Expressen magazine he declares that he’d rather see Saab fail in bankruptcy court than sell off the brand.
The magazine cites an unnamed source within Saab, who says Henderson does not want the 9-5 as a competitor in the future. Internal GM testing has apparently shown that the car is far superior to a major competitor, the Opel Insignia – which the source says the Germans at Opel confirmed.
The article goes on to suggest that because of how good the upcoming 9-5 is Henderson would prefer to see Saab sold to Fiat along with the rest of GM Europe – an arrangement that could either see GM retaining a stake in GM Europe, or gaining a stake in Fiat.
We do, however, have a hard time believing that with Saab’s niche market status and small production numbers that any major automaker could see the company mounting a significant threat.