Saab has filed for bankruptcy in Sweden, which is likely to be a death knell for the storied automaker. But just because headquarters has filed doesn't mean that Saab North America will follow suit.

The Detroit News reports that Saab has hired Michigan firm McTevia & Associates to deal with creditors, and that there are no immediate plans to file for bankruptcy. Saab president Tim Colbeck reportedly acknowledged to DetNews that the company doesn't have much hope of staying out of liquidation, but added the best chance for survival is a company purchasing Saab out of bankruptcy. On the flip side, even though Saab NA feels that it is cheaper and easier to stay out of bankruptcy court, Colbeck adds that creditors could eventually force the company into bankruptcy.

McTevia chief Jim McTevia tells The Detroit News that the hope is that Saab NA will continue operating long enough for another company to come in and purchase Saab. Saab NA has 188 dealers, and there are 2,400 vehicles still sitting on dealer lots. Saab also employs about 50 employees in Royal Oak, MI.


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  • 20 Comments
      caddy-v
      • 3 Years Ago
      Stick a fork in them. It's done. It's over. Turn out the lights, turn down the heat and send them home.
      Gregg
      • 3 Years Ago
      Indeed, Saab NA could exist much like Peugeot NA did for years after Peugeot cars left the USA in 1991: As a parts and warranty operation. Actually, I am wondering if Saab NA could market itself and its dealer base to car companies who would want to enter the American and Canadian markets, offering its existing sales outlets and infrastructure. Citroen, Peugeot, SEAT, Skoda, Renault, Samsung-Renault, even Lancia could plug in for not a lot of effort (I realize some of these marques already have affiliations and parent companies here). Of course, that's all just water cooler talk-- Saab NA is most interested in being around to service Saabs, and I hope they have the chance to do just that.
      thedriveatfive
      • 3 Years Ago
      Saab is now zombie, they may walk around a bit but eventually they will just waste away completely.
      PJPHughes1
      • 3 Years Ago
      Let's hope they work out a solution with Saab Parts...if Saab Parts is supposedly profitable, can't they find some sort of direct tie between SCNA and Saab Parts in some way? This guarantees Saab owners like me a piece of mind. That being said, most parts I need for my cars are all available in the after market anyway so I'm not too concerned. However, things like electronic keys, ignition modules, etc are the real concern for most newer Saabs.
      Speeding Times
      • 3 Years Ago
      There are two companies I think should buy Saab...BMW or Hyundai http://www.speedingtimes.com/archives/43
      Travis C. Vasconcelo
      • 3 Years Ago
      Saab has always been kinda like Subaru to me...they are on the fringe for those who want something different. They are a statement car. What I believe is saddest of all is the fact we don't need a statement car anymore. We are all so happy living a mindless status quo that a car which makes a bold statement is no longer needed or wanted. Granted, GM did a lot to kill Saab. However, the current 9-5 is the best looking thing they have ever made. I wish I had the money to buy 2 of those, for I would and I would need both, sadly for parts! It isn't looking good here. So long, Saab...you will be missed!
        OrderOfMen
        • 3 Years Ago
        @Travis C. Vasconcelo
        Saab hasn't been a status car for decades. Every time I see one i think of a yuppy from the 80's. I know i'm not the only one. Sorry but Saab has been sub par for a long time and saying that the new 9-5 is the best looking car they made I would say this: 1) The new car should be better than the last. If that is the bar they are aiming for than they need to set goals a little higher. 2) That is like saying you have the best smelling fart in the room.
          caddy-v
          • 3 Years Ago
          @OrderOfMen
          Penny loafers, pocket protectors, suspenders, horned rim glasses and Saab.
      Dayv
      • 3 Years Ago
      Wow, that's an average of less than 13 cars per dealer. When did they step sending out new vehicles?
        k9182
        • 3 Years Ago
        @Dayv
        Saab stopped producing new vehicles about 6 months ago. http://en.wikipedia.org/wiki/Saab_Automobile#2011
      • 3 Years Ago
      [blocked]
        tenspeeder
        • 3 Years Ago
        The majority of Saab dealers I see are all stand alone in the East
          PJPHughes1
          • 3 Years Ago
          @tenspeeder
          Yes, that's very true. Almost all dealers in the Boston area are all standalone. The Boston area was probably Saab's best US market (Charles River Saab was my dealer when I lived there), so I would hope most will still have a decent service business (as long as they can get parts...).
      greenz1977
      • 3 Years Ago
      I hate to say it, but I think Saab is finished.
      kevsflanagan
      • 3 Years Ago
      Maybe I'm niave but with GM most likely not willing to share its IP in regards to tech and chassis what is left of Saab to buy? Yes you'll have the dealer network but with no cars to produce right away it would almost a worthless investment. I dunno maybe I'm missing something and its just early and I'm waking up slowly.
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