'Half Price' Saab Dealer Shutting Down, Publishes Letter Putting Part of the Blame on GM

You may remember our Saab post from earlier this week where we asked you if you'd buy 9-3 or 9-5 sedan at half price. Among the deals we listed were several low mileage loaners with a 50 percent discount from the Shaw Saab dealership in Norwell, Massachusetts.

As we learned today from the Saabsunited enthusiast site, the aforementioned dealership is closing shop on February 3 after 44 years as an exclusive Saab seller.

Fred Shaw, the owner, posted a letter on the company's Facebook page where he announces the shut down and outlines his future plans, which include the selling of the real estate to Herb Chambers (the car shop equivalent of Dunkin Donuts in Massachusetts), who will turn it into a Lexus shop.

Nothing unexpected there, but in his letter, Shaw also refers to General Motors and the role it played in the outcome of Saab's failed reorganization efforts. Being an official dealer, Shaw's view on the matter makes for an interesting read. You can check out the letter right after the break.

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2011 Saab 9-3 and 9-5 Sedans for Half Price, but Would You Buy Them?

Ever since we learned about Saab's bankruptcy, many pondered whether it would be a good idea to buy a brand new or a very low mileage example from dealers that wanted to get rid of the cars they had in stock at marked down prices.

The problem is that these cars are offered without a manufactures warranty while we're still not certain what's going on with parts, because sure you can get an awesome deal, but what happens if something breaks or needs replacement on your car; will you find a part in a timely manner and equally important, at what cost?

It's good to keep in mind that being an older model, it's much easier to find replacement parts for the 9-3 series than it is for the newer 9-5.

Lots of questions not too many answers, and this is something that will likely make most mainstream buyers wary.

What we can say is that over the past few weeks that we have been following the subject, prices of the remaining Saab cars in the U.S. have dropped significantly.

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Always Look on the Bright Side of Life: What Saab’s Demise May Mean for Buyers

"If Saab’s future seems jolly rotten
There's something you've forgotten
You can buy a heavily discounted brand new car
When you're feeling in the dumps
Don't be silly chumps
Just walk into your nearest Saab dealership - that's the thing.

And...always look on the bright side of life...
Always look on the light side of life..."

First of all, we hope Monty Python won’t mind altering their song from The Life of Brian. We'd also like to note that we are in no way making fun of the fact that, unless something unexpected happens, Saab is closing shop – for good this time, leaving thousands of workers unemployed.

We’re just trying to say that, in the event the liquidation of the car company goes through, there are consequences but not all of them are bad for consumers.

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Saab Files for Bankruptcy After All Rescue Plans Fail, This Could be the End

It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final.

Earlier this morning, Swedish Automotive N.V. (Swan) announced that Saab Automobile, Saab Automobile Tools and Saab Powertrain filed for bankruptcy with the District Court in Vanersborg, Sweden.

This comes after Youngman, the Chinese company which last week promised to pay for the carmaker’s restructuring, informed Saab that it cannot provide the funding necessary for the continuation of the process.

Therefore, Swan concluded that, with GM vetoing any proposed plan until now, and without the essential funding, it would be insolvent. Thus, it was better for its creditors to file for bankruptcy.

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Attention, Serious Buyers Only: 1995 Cadillac 900S Convertible

From the 1980s right through to the beginning of the 21st century, General Motors tried its best to simplify the art of badge engineering as a cheap and easy way to expand its offerings and increase its profits.

Apparently, some of GM's enthusiasm for badge-trickery managed to rub off on certain consumers like the owner of this 1995 Saab who artfully transformed the open-top model into the Cadillac 900S Convertible in a way that a 1990s GM exec would say, "why didn't I think of that?"

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2013 Saab 9-3 Design Proposal Leaks on the Internet

The past two years have been a very bumpy ride for Saab. However, after the rain comes the rainbow – and after narrowly escaping bankruptcy and making a deal with Pang Da and Youngman, a sketch for a replacement of the ageing 9-3 has appeared online.

The image was discovered by Swedish daily newspaper SvD Naringsliv that managed to get access to a power point presentation that was made by the automaker to the National Debt Office and the European Investment Bank back in January.

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New Saab 9-3 to Debut in Early 2013 with a Different Name, 9-2 Successor Still on the Table

Refreshingly enough, this isn’t a story about Saab’s troubles. Instead, it is a ray of hope as the Swedish carmaker lays out its plans for the future. These include a replacement for the aging 9-3 sedan, which according to Saab’s North American president, Tim Colbeck, will debut in the first quarter of 2013. Read more »

Saab Says it Can’t Pay Workers, Company’s Survival in Doubt

New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary short-term funding.

Swedish Automobile said it and Saab “are in discussions with various parties” to secure short-term funding, including through a sale and lease-back of Saab’s real estate assets.

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Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash

The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.

The government has approved a proposal from the Debt Office to allow Saab to sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back from him. The minister said this deal would bring €30 million to Saab in the first phase, although the real estate was worth much more than that.

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Saab Roller Coaster Continues as Cash Gets Tight

Saab just can't seem to catch a break. After moving from the General's formerly overcrowded pocket into the hands of Spyker, the once-quirky brand is now doing all it can to bring production back online after failing to pay suppliers.

The gist is this: Saab received 400 million Euros (~$580 million) from the European Investment Bank so it could keep on ticking. Sweden guaranteed the loan, meaning whatever Spyker's resolution calls for must get the go-ahead from the Man.

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SAAB CEO Jan Åke Jonsson to Retire, Victor Muller Takes Over Temporarily

Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime Saab executive is found, Spyker Car’s CEO Victor Muller will temporarily assume the role of President and CEO of Saab Automobile AB in addition to his role as Chairman of the Board.

The 59-year old executive, who has worked for Saab for close to 40 years, took over the helm of the company in 2005 when it was still under the ownership of General Motors. Jonsson has been credited for playing a key role in the savior of Saab when the Detroit automaker wanted to close down the brand.

“I have been with Saab Automobile for almost my entire career of 40 years, of which almost six years as the head of Saab Automobile,” said Jonsson in a statement. “The last three years have of course been very demanding and forced me to focus on one thing only – my work. Now it is time for me to also spend some time on other things that had to stand back for my duties to Saab Automobile.”

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Saab Releases UK Pricing and Specs for 2012MY 9-3 Range

We had our first look at the modestly refreshed 2012MY 9-3 range at the Geneva Motor Show earlier this month, but today, Saab GB announced prices and specifications ahead of the UK launch next month.

The new model year brings some subtle exterior updates such as the restyled front bumpers, ‘ice block’ headlamps, a new grille, a Saab word mark that replaces badging on the chrome trim at the rear end and the addition of a boot-mounted spoiler for the sedan variants.

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VIDEO: SAAB Design Boss Jason Castriota Talks PhoeniX

We've already brought you the news on Saab's PhoeniX concept that's built on the underpinnings of the next 9-3 series and is on display at the Geneva Motor Show, but the Swedes have just released a video with the firm's new Design Director Jason Castriota giving us a tour of the 2+2 coupe.

In the video after the break, Castriota explains the PhoeniX's bespoke design features and its significance for the future of Saab product design starting off with the next generation of the 9-3 which is scheduled for release in 2012.

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2012 Saab 9-3 Griffin: Facelift Model Receives Subtle Styling and Engine Upgrades

Aside from the limited-run 9-3 Convertible Independence Edition, Saab also announced today a mild facelift across the 9-3 range, which gets refreshed exterior and interior styling plus the introduction of gasoline direct injection on the 2.0-liter engines. The updated range will carry the 9-3 Griffin moniker and it is basically a last edition before a new generation takes over in 2012.

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SAAB 9-3 Convertible Independence Edition Officially Revealed

Saab has built a limited edition of its 9-3 Convertible to celebrate the first anniversary of its independence, or to put it more realistically, the completion of the sale from General Motors to Spyker Cars. Called the Independence Edition, only 366 examples of the car will be produced, one for each day during the first year and one extra for the start of a second year.

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First Photos of New SAAB 9-3 Convertible Independence Edition

On Wednesday, February 23, SAAB will host a special party at its Trollhättan plant in Sweden to celebrate what it describes as "the first anniversary of Saab’s rebirth as an independent carmaker".

I'd argue if Saab is really independent given that the company heavily relies on GM for its current portfolio (one example is the new 9-4X which is based on the Cadillac SRX and is built at the Detroit automaker's Ramos Arizpe factory in Mexico) and is actively seeking help to develop its future models having already sealed a deal with BMW for the supply of 4-cylinder engines, but that's another story for another time.

Case in point is that at the birthday party, the Swedes plan to debut a commemorative edition model based on the 9-3 Convertible, the first pictures of which were spilled on the internet today. According to Saabsunited, the 9-3 Convertible Independence Edition will be built in a limited run of 366 units, apparently one for each day that passed since Spyker Cars took over the company from GM.

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SAAB to Celebrate its own...Independence Day on February 23rd

A little over a year ago, Saab's future was very much in doubt. GM was looking for a buyer for the Swedish brand and even contemplated closing down the Trollhattan plant. On the other hand, investors weren't exactly anxious to put their money on what they thought was a sinking ship. But, on the 23rd of February 2010, Saab's fate took a surprising turn for the better as GM sold the company to Spyker Cars, saving thousands of jobs and decades of tradition.

To celebrate the first anniversary from the sale, Saab will throw a massive party on February 23, 2011, turning its factory in Trollhattan into an entertainment arena. All 3,800 employees will have the day off and will be joined by dealers, suppliers, VIPs and media in celebrating Saab's rebirth as an independent carmaker.

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Saab to Show a New Hatchback Concept as well as Updates on 9-3 Range at the Geneva Salon

For Saab, 2011 will be a crucial year, one that could make or break the company’s success. In a statement made in January, Chairman Victor Mullen said he's confident that the automaker will be able to pick up momentum and achieve the projected sales volume of 80,000 units. But for that the Swedes need new models and it seems that they’ll deliver.

According to a press invitation sent out today, aside from the already confirmed and teased 2011 9-5 Sportcombi, Saab's Geneva Motor Show stand will host the premiere of a brand new concept model and either facelifted or special edition versions of the 9-3 range.

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Saab Recalling 2010-2011MY 9-3 Models Due to Faulty Fuel Pumps

Saab is recalling 4,400 passenger cars from the 2010-2011MY 9-3 series manufactured from June 2010 through October 2010 to fix fuel pumps that can seize and cause the engine to stall. According to the National Highway Traffic Safety Administration (NHTSA), some of these fuel pumps may have internal components with incorrect specifications.

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Saab to Offer Hirsch Performance Products for 9-3 and 9-5 Models in the USA

Current and future Saab owners in the U.S. looking to tune their cars with factory approved upgrades will be happy to learn the Swedish automaker announced today that Hirsch Performance aftermarket products will be available for its 2007-11MY 9-3 and 2010-11MY 9-5 cars through select Saab dealers in the States starting in spring 2011.

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