Saab Finds Buyer, GM Cans a Hybrid

GM has finally found a buyer for its last brand - Saab. After finding buyers for the Hummer and Saturn brands recently, Christian von Koenigsegg, who pocketed some of his fortune selling frozen chickens has come to GM's rescue, taking the import luxury brand off the company's hand, according to Automotive News.

Under GM's leadership, Saab has not been profitable in over 10 years. Under the leadership of a new owner, Saab could possibly turn a profit again as the brand becomes more focused now that it will no longer pitch volume. For Saab owners, this could mean good news again. The resale value of Saabs could finally stabilize, since there is new blood again.

Conversely, at the same time our current government is pushing hybrids and other forms of fuel-efficient technology, Chevy has decided to can the Malibu Hybrid, which is a spin off of the popular Malibu, due to lack luster sales. Honda had problems selling its Accord Hybrid too, before they gave it the boot. Until gas prices return to $4.00 a gallon, it could be a difficult sell for midsize to large size hybrids. I wonder will GM cancel the hybrid technology in some of its large trucks and SUVs, too - since they're suffering from soft sales.