Saab Dealers Bail Out Worried by the Constant Flow of Bad News

The oncoming bad news about Saab are starting to put pressure on US dealers who are starting to make plans on what to do after Saab will no longer be present on the car market. As a reminder, Saab was forced to shalt production since March when unpaid suppliers stopped delivering parts in Trollhattan, Sweden. The manufacturer has not paid production workers since then.

Furthermore, last week the Swedish government initiated seizure at the request of several suppliers. Swedish Automobile CEO Victor Mueller recommends that dealers should keep faith given the fact that he is close to securing bridge funding that will set Saab on a steady course by mid-October. The manufacturer’s plan will take shape after a promised 245 million euro ($352 million) payment is scheduled to arrive from Chinese auto distributor Pang Da Automobile Trade Co in order to restart production, according to Victor Mueller.

"I am working day and night to get this done. I am very confident I will be able to pull it off, but we don't need anyone to throw in the towel now," Victor Muller, Swedish Automobile CEO, was quoted as saying by Automotive News.

Although Mueller is going around the clock to revive the company, a major Saab-exclusive dealer who has sold just one unit since June 1st revealed that he is negotiating with other manufacturers to replace Saab in his dealership."I'd like to sell my Saab franchise, but it has almost no value right now. To go from a top 10 dealer to crickets in the showroom -- it's a sign," the source cites.
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories