While GM is showing an overall profit on its worldwide operations, Saab continues to be a huge money pit. The Local reports that last year Saab Automobile lost 2.9b kronor ($428m) while GM poured 3.8b kronor ($560m) into the company. "We didn't make a profit in 2006 and won't make one in 2007 either," said Saab CEO Jan-Åke Jonsson, adding he believed the company would turn a profit by 2010. While that kind of honesty is unheard of refreshing coming from someone within GM, you have to wonder how much longer GM will pour money into the operation before they finally admit they have a Swedish Jaguar on their hands and hold a Ford-style fire sale, or merge it with Opel.
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Since 1859, Charles Darwin’s theory of evolution has challenged religious fundamentalism. Forget Adam and Eve. Humans started as random spices in a primordial soup. Natural selection took us from soup to trees, trees to cars. And then Ferdinand Porsche created a mutant Volkswagen. Since its inception, the 911 has been evolution’s four-wheeled poster child, moving quickly from an oversteer monster to a supersonic pussycat. And then, on the seventh day, Stuttgart created the latest Turbo, a car so capable that driving it is a biblical revelation.
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