IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Saturday, August 13, 2011

Saab dealers on the verge of giving up on Saab

Just a week or two ago we got reports that one of the oldest and dearest Saab dealers in the US, New Salem Saab, were closing down after more than 50 years due to several year without profit during Saab's troubled years. Their last day of business was yesterday.

"The continual disruption of the Saab brand and its operational difficulties put us at a disadvantage," said Darryl Carl of New Salem Saab to The Business Review.

Now Swedish DI reports that several Swedish dealers are on the verge of giving up on Saab. Almost five months without production of new Saab cars have taken its toll.

"Several of them will within one or two weeks decide to stop their dealing of Saab and move to other brands. They have to consider their own business," says Peter Hallberg, CEO of the Saab dealer association to DI.

DI continues by saying that Victor Muller is pressed on time and is currently negotiating with several parties on new funding of close to SEK 1 billion.

On source tells DI that Saab needs new money next week, or else it's over and out.