Bankrupt Saab Suspends Warranty Coverage

It has been a long time coming, but Saab’s curtain call seems to be just around the corner. Yesterday, Saab filed with the Swedish courts for bankruptcy proceedings. Today, Saab North America announced that all Saabs sold from December 19th forward will not have warranty coverage. This move follows a significant period of financial turmoil for the brand as they continue to struggle after being sold by General Motors in 2010. It is not known at this time what will happen to Saab post bankruptcy, but suspending warranty coverage is not a promising sign of Saab returning to produce cars any time soon.

Read the rest of this entry »

  

Related Posts