'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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Saabs Earns IIHS “Top Safety Pick” for its 9-4X and 9-5, Which could be Useful if it had Any to Sell...

Fate, it seems, is not without a sense of irony: the line spoken by Morpheus in the first (and, arguably, best) movie of The Matrix trilogy certainly fits Saab’s case tighter than spandex pants.

The U.S. Insurance Institute for Highway Safety (IIHS) has awarded the 9-4X crossover and the 9-5 sedan a “Top Safety Pick”, its highest rating for crashworthiness.

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New Audi A6 Ties with Infiniti M37 in Consumer Reports’ Premium Sedan Test, Saab 9-5 Flunks

Up until now, Consumer Reports' [CR] number one choice in the mid-size luxury sedan segment was the Infiniti M37. Not anymore as after evaluating the redesigned 2012 Audi A6, the M37 has to share the top spot with Ingolstadt's premium saloon.

The new Audi A6 received an “Excellent” rating with an overall score of 93 points. This is a huge improvement over the previous model's 79 points.

“The redesigned Audi A6 is an impressive car and a joy to drive”, said senior director of CR’s Auto Test Center. Consumer reports says that the significant improvement is attributed to the revamped model’s combination of strong acceleration, agile handling and comfortable ride as well its high-quality and quiet interior.

Other models included in CR’s mid-size luxury test were the Mercedes-Benz E350 BlueTec, the Infiniti M35h hybrid and the new Saab 9-5.

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Say Again? Saab 9-5 Sedan 2.8V6 Turbo Named Car of the Year in Singapore

Unless you're one of those chaps that wear their Saab shades no matter what happens, the news that the 9-5 Sedan 2.8V6 Turbo has been named Car of the Year by a Consumer Guide, published by Wheels Asia in Singapore, can only provoke giggles.

And we say this not because the 9-5 is a bad car, but how can you possibly give a top recommendation (remember, this isn't a comparo but a Consumers Guide) to any vehicle from an automaker that has barely produced a car in the past six months and which recently went under bankruptcy protection and its future is clearly on the line?

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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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Video of the New Saab 9-5 SportCombi from the 2011 Geneva Motor Show

The new PhoeniX sports coupe concept pretty much grabbed most of the attention at Saab's Geneva Motor Show stand, but the Swedes also brought along their all-new 2012 9-5 SportCombi. The station wagon model will arrive in the market this fall with the same engine lineup as the four-door 9-5 offering buyers improved practicality and a boot that measures 527 liters with the seats up and 1600 liters when the 60/40 split rear seatbacks are folded down. Hop over the jump for some live shots and walk-around video from the Geneva Show floors.

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Saab Releases First Video of New 9-5 SportCombi

If you're tired of looking at the same batch of pictures of the Geneva motor show-bound 2012 9-5 SportCombi, you'll be happy to know that Saab has published the first video of its flagship station wagon model, and furthermore, the car seen here is finished in a shiny black hue.

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Saab Shows More of the 9-5 SportCombi, Officially Confirms Concept Study for Geneva Salon

The rapidly approaching Geneva Motor Show is turning out to be a birthing room for Saab as the Swedish company is planning to launch two world premieres including the 9-5 SportCombi along with the unveiling of the modestly updated 9-3 Griffin range and the limited production 9-3 Convertible Independence Edition.

First teased on the Swedish firm's website last week, Saab today confirmed that one of the world premieres will be a never-before seen concept model conceived by a team under new design director, Jason Castriota, who is best known for his work at Pininfarina and for a short stint at Bertone where he penned the Corvette-based Mantide.

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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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New Saab 9-5 SportCombi Spotted Strolling Out in the Open

Saab recently gave us our first taste of the new 9-5 SportCombi with the release of a single teaser photo, but today, Saabsunited member Djup Strupe spotted the station wagon model out in the open, apparently somewhere near the firm's headquarters in Trollhättan, Sweden. The specific example is said to be an Aero TTiD model, which probably means it's powered by the same 190HP 2.0-liter turbo diesel engine found on the sedan version. The more practical and dare we say more Saab-ish version of the 9-5, which will also be known as the SportWagon in some markets, will receive its world premiere at next month's Geneva Salon before it arrives in dealerships this Fall.

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Saab Releases First Official Photo of 2011 9-5 SportCombi

Following a preliminary release earlier today, Saab has issued the first official photograph of its 9-5 SportCombi. The estate version of the 9-5, which will carry the SportWagon moniker in certain markets including the UK, will get its public debut at the Geneva Motor Show in March.

Saab has not yet released detailed information on the engine lineup, but buyers should expect to see a similar mix of turbocharged diesel and gasoline motors (depending on the market of course) to the sedan variant when it arrives in the market this Fall.

For the time being we only have a single official picture of the 9-5 SportCombi / SportWagon, but Carscoop reader Torben just sent in several renderings of the car sourced from the patent drawings filled in the U.S., which you can check out after the jump.

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Saab's All-New 9-5 SportCombi to Debut at Geneva Motor Show

We've been fielding rumors of an estate version of the all-new Saab 9-5 series for some quite time now, but today, the Swedish automaker made it official announcing that the world premiere of the SportsCombi will take place at the 2011 Geneva Motor Show in March.

"The launch of the 9-5 SportCombi is a much-awaited next step in the roll-out of our new product offensive," said Saab Automobile CEO Jan Ake Jonsson. "It will take Saab back into the large wagon segment where we have established a strong presence in many key markets with our previous offering."

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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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Saab Officials Confident that 2011 will be a Turning Point in the Company’s History

Saab sold just 31,696 cars globally in 2010, after having cut its sales target from 45,000 to 30,000-35,000 vehicles, due to the restructuring of the brand’s supplier base. However, with fourth quarter (2010) sales up 129% compared to 2009, Chairman Victor Mullen believes that Saab “is firmly establishing itself as an independent car manufacturer”.

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China's BAIC Working with Pininfarina on Saab-based Model, Confirms Interest in the Italian Design House

Photo: BAW C71 from 2010 Beijing Show

Yesterday, we brought you photos and details about a new and very Mercedes-Benz B-Class-like model from BAIC or Beijing Automotive Industry Holding Corp. Today, we have more news on the Chinese automaker as a media report citing an unnamed executive from the company claims that BAIC is working with Italian engineering and design specialist Pininfarina on a new vehicle based on the underpinning of a previous generation Saab model.

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