Comments on: GM selling Saab assets in Sweden? http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html Saab 9-1, 9-3, 9-4x, 9-5, 9-7x News Thu, 11 Dec 2008 06:34:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Joe Lobo http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56747 Joe Lobo Sun, 23 Nov 2008 22:47:43 +0000 http://www.trollhattansaab.net/?p=10403#comment-56747 Tobias mirrors my points but also stresses as he is in the RE game, that measures such as these should have been taken and executed well before the current crisis is on top of everyone. This is a desperate move done by desperate people. Anyway, anything to make improvements is good !!! Tobias mirrors my points but also stresses as he is in the RE game, that measures such as these should have been taken and executed well before the current crisis is on top of everyone. This is a desperate move done by desperate people. Anyway, anything to make improvements is good !!!

]]> By: Tobias http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56731 Tobias Sun, 23 Nov 2008 13:07:35 +0000 http://www.trollhattansaab.net/?p=10403#comment-56731 Not a big thing really, I work with real estate and sale and lease back is comon. There is really no point of owning office space for Saab and GM. The real estate is not good for the comapnies balance sheet so it is probably worth a look. The trouble is that the should have sold the office for 14 month ago... They wont get much money today... Not a big thing really, I work with real estate and sale and lease back is comon. There is really no point of owning office space for Saab and GM.

The real estate is not good for the comapnies balance sheet so it is probably worth a look. The trouble is that the should have sold the office for 14 month ago…

They wont get much money today…

]]> By: Joe Lobo http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56719 Joe Lobo Sun, 23 Nov 2008 02:43:47 +0000 http://www.trollhattansaab.net/?p=10403#comment-56719 Right at the minute, GM's top brass has to be seen as "doing something to salvage their business". Otherwise congress won't gi'vem a penny. Selling real estate assets in balance sheet terms means that there will be less exposure to loose any such assets in case there are some potential liabilities in future. That’s what most bean counters will tell anyone that owns/runs a business. So, trim it as fast as possible so that your sheet looks better and the loans can flow through !!! Disposing of RE assets also reduces your higher selling value. So, this may be not so bad after all but besides this, I don't think there will be a rush of buyers interested in buying any motor car company right now. Even if the prancing horse maker of red cars was for sale, it's bad and risky business !!! Right at the minute, GM’s top brass has to be seen as “doing something to salvage their business”. Otherwise congress won’t gi’vem a penny. Selling real estate assets in balance sheet terms means that there will be less exposure to loose any such assets in case there are some potential liabilities in future. That’s what most bean counters will tell anyone that owns/runs a business. So, trim it as fast as possible so that your sheet looks better and the loans can flow through !!! Disposing of RE assets also reduces your higher selling value. So, this may be not so bad after all but besides this, I don’t think there will be a rush of buyers interested in buying any motor car company right now. Even if the prancing horse maker of red cars was for sale, it’s bad and risky business !!!

]]> By: ctm http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56702 ctm Sat, 22 Nov 2008 12:19:54 +0000 http://www.trollhattansaab.net/?p=10403#comment-56702 Now I get it. By selling those properties, GM could renew the leases on the corporate jets for Mr. Lutz and Mr. Wagoner. Do'h. Now I get it. By selling those properties, GM could renew the leases on the corporate jets for Mr. Lutz and Mr. Wagoner. Do’h.

]]> By: Dippen http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56700 Dippen Sat, 22 Nov 2008 11:55:49 +0000 http://www.trollhattansaab.net/?p=10403#comment-56700 ctm: that was the thing i was wondering to. According to BBC, GM ( and the others) has until 2 Dec to present a cost cut plan in front of Congress. So i guess maybe it is time to really cut the corners. ctm: that was the thing i was wondering to.

According to BBC, GM ( and the others) has until 2 Dec to present a cost cut plan in front of Congress.

So i guess maybe it is time to really cut the corners.

]]> By: PT http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56699 PT Sat, 22 Nov 2008 11:53:45 +0000 http://www.trollhattansaab.net/?p=10403#comment-56699 Agreed Swade, its not a good look but as CTM said, GM is in WAY bigger trouble than selling a few plants can fix. Besides, I'd guess that part of the deal would be that Saab (or others) remain as tenants in order to sweeten it for a potential buyer. The actual functioning businesses won't be gogin anywhere. There's also the possibility that some large entity ( the Swedish government) would buy the assets in order to settle the Saab business down a little. On balance, I would see this as a finance-driven move designed to improve cashflow & increase liquidity. Agreed Swade, its not a good look but as CTM said, GM is in WAY bigger trouble than selling a few plants can fix. Besides, I’d guess that part of the deal would be that Saab (or others) remain as tenants in order to sweeten it for a potential buyer. The actual functioning businesses won’t be gogin anywhere. There’s also the possibility that some large entity ( the Swedish government) would buy the assets in order to settle the Saab business down a little.

On balance, I would see this as a finance-driven move designed to improve cashflow & increase liquidity.

]]> By: ctm http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56695 ctm Sat, 22 Nov 2008 10:39:33 +0000 http://www.trollhattansaab.net/?p=10403#comment-56695 Uhm... Something changed here... Not. Back to normal layout again :) Uhm… Something changed here…

Not. Back to normal layout again :)

]]> By: ctm http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56694 ctm Sat, 22 Nov 2008 09:03:16 +0000 http://www.trollhattansaab.net/?p=10403#comment-56694 Ehh... GM is burning <strong>billions</strong> every months. How exactly should the sale of a few small buildings for a few millions (if lucky, the real property market is cold) help? Ehh… GM is burning billions every months. How exactly should the sale of a few small buildings for a few millions (if lucky, the real property market is cold) help?

]]> By: aeronaut http://www.trollhattansaab.net/archives/2008/11/gm-selling-saab-assets-in-sweden.html#comment-56686 aeronaut Sat, 22 Nov 2008 03:09:47 +0000 http://www.trollhattansaab.net/?p=10403#comment-56686 What is the inside news on Mark Webber? Looks like he has been injured at a rally in Tasmania. http://www.news.com.au/heraldsun/story/0,21985,24689370-11088,00.html What is the inside news on Mark Webber? Looks like he has been injured at a rally in Tasmania.
http://www.news.com.au/heraldsun/story/0,21985,24689370-11088,00.html

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