{"id":88694,"date":"2009-12-18T09:36:00","date_gmt":"2009-12-18T14:36:00","guid":{"rendered":"http:\/\/www.autoblog.com\/2009\/12\/18\/breaking-swedish-patient-succumbs-deal-for-saab-is-dead-on-th\/"},"modified":"2009-12-18T09:36:00","modified_gmt":"2009-12-18T14:36:00","slug":"breaking-swedish-patient-succumbs-deal-for-saab-is-dead-on-the-table-gm-to-wind-down-brand","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/88694","title":{"rendered":"BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand"},"content":{"rendered":"

Filed under: GM<\/a>, Saab<\/a>, Earnings\/Financials<\/a><\/p>\n

\"\"<\/a><\/p>\n

2010 Saab 9-5 – Click above for high-res image gallery<\/small><\/strong><\/em><\/div>\n

\nAfter a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese<\/a>, the enigmatic brand known as Saab<\/a> is dead. In a press release issued this morning, General Motors<\/a> announced that the “intended sale of Saab Automobile AB would not be concluded.” GM had been in talks with Dutch exoticmakers Spyker Cars<\/a> after pursuing a number of other buyer leads (including the aborted sale with Koenigsegg<\/a>), but The General says that in the course of due diligence, the resolution of certain unspecified issues became impossible in the time frame that they had set for themselves.<\/p>\n

As such, GM will immediately begin the “wind down” of the much-loved yet perpetually unprofitable cult brand, but says it will continue to honor warranties and provide spare parts and service – presumably through other GM brand dealers – as Saab dealers go offline. Officials note that this is not a bankruptcy or forced liquidation situation, so outstanding creditors should still expect to receive payment.<\/p>\n

It is not clear what will happen to the production-ready 2010 9-5<\/a>, nor the current 9-3\/9-3X<\/a> model and almost-ready 9-4X<\/a>. Official death certificate available after the jump, historical slide show of the brand in photographs viewable below.<\/p>\n

<\/p>\n

\n

Gallery: Saab \u2013 A History in Pictures<\/a><\/strong><\/p>\n

\"\"<\/a>\"\"<\/a>\"\"<\/a>\"\"<\/a>\"\"<\/a><\/div>\n

<\/p>\n

\n

Gallery: 2010 Saab 9-5<\/a><\/strong><\/p>\n

\"\"<\/a>\"\"<\/a>\"\"<\/a>\"\"<\/a>\"\"<\/a><\/div>\n

\n[Source: General Motors]<\/p>\n

Continue reading BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand<\/em><\/a><\/p>\n

BREAKING: Swedish Patient Succumbs – Deal for Saab is dead on the table, GM to wind down brand<\/a> originally appeared on Autoblog<\/a> on Fri, 18 Dec 2009 09:36:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

<\/h6>\n

Permalink<\/a> | Email this<\/a> | Comments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Filed under: GM, Saab, Earnings\/Financials 2010 Saab 9-5 – Click above for high-res image gallery After a protracted saga that has seen bidders drop in-and-out and old model tooling and assets sold off to the Chinese, the enigmatic brand known as Saab is dead. In a press release issued this morning, General Motors announced that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-88694","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=88694"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/88694\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=88694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=88694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=88694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}