Comments on: Swedish government gives Saab the cold shoulder http://www.creditwritedowns.com/2009/02/swedish-government-gives-saab-the-cold-shoulder.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: corruptio http://www.creditwritedowns.com/2009/02/swedish-government-gives-saab-the-cold-shoulder.html#comment-4109 corruptio Thu, 26 Feb 2009 08:12:58 +0000 http://www.creditwritedowns.com/?p=6206#comment-4109 Sweden is a poor country involved in the Afghan heroin-trade adn robbing African countries. Wake up and see the truth about the Swedish government who is destroying the world and killing millions every year. Sweden is a poor country involved in the Afghan heroin-trade adn robbing African countries. Wake up and see the truth about the Swedish government who is destroying the world and killing millions every year.

]]> By: Swedish Lex http://www.creditwritedowns.com/2009/02/swedish-government-gives-saab-the-cold-shoulder.html#comment-4016 Swedish Lex Fri, 20 Feb 2009 10:08:41 +0000 http://www.creditwritedowns.com/?p=6206#comment-4016 As a Swede (living abroad) and (former) SAAB owner, I am of course following this. The reality is that both SAAB and Volvo are at the bottom end of the global car manufacturer food chain. SAAB has been losing money and Volvo's profits have gone to cash-hungry Ford. Volvo's capital is exhausted, so it is only a matter of time for Volvo too. Bankruptcy for SAAB (and later Volvo) and a string of suppliers would kill a big chunk of GDP that would not come back. Sweden's little export-driven ecnomoy would suffer significantly This was in the cards, of course, and I spoke to friends in high places in Stockholm in the fall about alternatives. This was not avoidable but there was a window for the Government to manage this in a structured way. Now it seems that the situation has spun out of control. As a Swede (living abroad) and (former) SAAB owner, I am of course following this.

The reality is that both SAAB and Volvo are at the bottom end of the global car manufacturer food chain. SAAB has been losing money and Volvo’s profits have gone to cash-hungry Ford. Volvo’s capital is exhausted, so it is only a matter of time for Volvo too.

Bankruptcy for SAAB (and later Volvo) and a string of suppliers would kill a big chunk of GDP that would not come back. Sweden’s little export-driven ecnomoy would suffer significantly

This was in the cards, of course, and I spoke to friends in high places in Stockholm in the fall about alternatives. This was not avoidable but there was a window for the Government to manage this in a structured way. Now it seems that the situation has spun out of control.

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