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Saab is Dead Officially, North American Assets Will be Liquidated

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Jan 23rd, 2012 by Ross Edwards

The Saab brand is dead. All of the prayers for 11th hour saviors have gone unanswered, and Saab is now bankrupt, with its assets being sold off to pay creditors. Saab Cars North America, the North American distribution company for the brand, has also been marked for liquidation.

The 2012 Saab 9-3

The 2012 Saab 9-3

According to Motor Authority, the major possession of Saab Cars North America is the U.S. parts distribution business. SCNA resumed delivering parts to dealers on January 19 after stopping on December 19. Saab vehicles sold before Saab was released from the GM corporate umbrella are still covered under their factory warranties, so Saab dealerships still need parts, even if Saabs stop being sold in America.

There are several companies interested in buying the Saab brand out of bankruptcy, so there is always still a chance that the company will make a return to the U.S. dealership lots. For the immediate future though, if you want your ignition on the center console rather than the dash, you’ll have to act quickly, and possibly be prepared to have a new vehicle with no warranty support.


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