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Many Saab dealers (81 of 218) told to close by end of the month


The sale of Saab is about to close and 81 dealers have to told they will have to close too. In fact, letters have been sent to 81 of the 218 Saab motorcar dealers in
America
advising them to terminate their dealerships when the sale from General Motors to Koenigsegg closes near the end of this month.


 


The remaining 137 Saab automobile dealers will continue operating under a company called Saab Cars North America, a newly formed company that will run the brand under Koenigsegg's ownership. It’s all legal because the U.S. Saab dealers had signed deferred termination agreements during GM's reorganization under bankruptcy protection earlier this year.


     


Mike Colleran, chief operating officer of Saab Cars North America, said the company chose the remaining dealers based on their potential to make money. "We selected a network that gives us the best opportunity to achieve that," he said. Saab Cars North America sent letters to those 137 dealers notifying them they'd been selected to continue if the sale closes, he added.


 


Koenigsegg Group signed a deal to buy the Saab brand from General Motors in August. The consortium is led by the Swedish sports car maker Koenigsegg
AutomotiveAB, Norwegian investor Baard Eker and Augie Fabela II, co-founder and former chairman of Russian telecom operator VimpelCom.


 


Potential Saab buyers say they are now worried about the company’s fiscal solvency.


“What if we purchase a Saab automobile and the company goes away/” , they ask.


It’s a good point but we think that Koenigsegg, Eker and Fabela II want the company to succeed and will do everything in their power to make it happen. Still the question is, who will design and build the new Saabs?

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