I thought it would be interesting to document the death of an auto company. I started with a blog post yesterday about Saab’s bankruptcy. I will continue to follow this story as Saab liquidation continues.
A memo from Saab leaked suggesting that it has suspended all warranty work in North America and all remaining new Saabs will be sold as-is. Although this is not official, it is likely to be announced soon. This is almost certainly the beginning of what will come as a result of the Saab bankruptcy. Saab has had a long history and to see such a storied company come to a tragic end is depressing because it show volatile the auto industry is today.
Read the full memo:
UPDATE: 12/21: Saab Cars USA CEO Tim Colbeck has said he hopes to find a solution. In a statement he said:
“We’re committed to develop a way to handle warranties for all owners of 2010 and 2011 Saab models. [The goal is to] reinstate (warranty coverage) as quickly as we can.”
Meanwhile, General Motors said it will honor all warranties for Saab models produced before January 1, 2010. That leaves out owners of the majority of 2010, and all of 2011 model year Saab models.