Saab’s bankruptcy administrators, yesterday:
Saab is like a patient who for a long time has bled to death. The brutal verdict is that the patient is dead, but the bleeding has not stopped. Such a large operation dies not die on its own. It takes time and costs to shut down this kind of business.
Their point being that the company is still leaking cash, even in bankruptcy, as it takes money to go through this process and of course, Saab has no income.
The Local, today:
Saab Administrator: The Patient Is Dead
At least they had the good sense to do the press conference on a Saturday. I still expect more newspapers to run a similar headline in the coming 24 hours.
I’m as wary of spin as the next person, but there are ways of saying things, and then there are ways of saying things. The fact that The Local has snipped out this section for their headline won’t come as a surprise to anyone who has followed the news services around Saab for the last 10 months.
This is not a good headline for prospective buyers thinking of putting in bids for Saab this week.