Saab opens manufacturing plant - and gets shut down again - it just never ends
Saab just can't seem to get it up and running as the money continues to run out. Last month it made a deal with China's largest dealer network that promised to refuel the Swedish automaker with badly needed funds to reopen its plant, according to thedetroitbureau.com.
The Hatai Group from china had agreed to buy up 29.9% of Saab but Chinese bureaucrats nixed that deal.
Then along came Pang Da, China's largest dealer network, which made a deal with Saab to buy 24% of the company. That would effectively pour millions of dollars into the company just when it needs it the most and open the Chinese market to the Swedes. But the same Chinese bureaucrats haven't okay'd the deal yet.
Meanwhile, Saab is drying up. They had started production back up on May 27 only to have it shut down in a matter of days, even though they received "an initial payment" from Pang Da. Saab spokespersons are only saying that the money situation "is tense."
So, folks, if you're thinking of buying a used Saab, don't count on being able to get any replacement parts. The way things are going, those parts are likely to end up being made in China.
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Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.