Timothy Colbeck recalls vividly when he was convinced to leave soaring Subaru for struggling Saab. “Victor said, ‘Here’s what’s going to happen,’” Colbeck, 47, says of Saab Chairman Victor Muller. ‘And those things did happen.’” Colbeck, the auto maker’s new North American president and chief operating officer, refers to Muller’s explanation of how Saab would extract itself from a paralyzing cash shortage that has halted production since last month at a key plant in its home country of ...

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