Saab dealers, owners and investors are experiencing what GM experienced in 2009, a downfall in the automobile sector of the economy.
Over 200 dealers called it quits when Saab recently announced it bankruptcy plans, putting them out of business or scrambling to find partners. Not only is it bad for the dealers, but for Saab owners. Now that the bankruptcy papers have been filed that means an end to Saab manufacturing, meaning a shortage of parts. And since Saab is a foreign-made vehicle, the price of getting it fixed will go up, or even worse, shops will turn you down because of the difficulty of finding Saab parts.
Although this is going on, some say the Saab brand may still have a chance since, "half-dozen parties are considering buying the business and restarting assembly, according to the court- appointed Swedish attorneys handling the bankruptcy."
To read more about this Saab story, click on this link:
http://www.bloomberg.com/news/2012-02-12/saab-dealers-driving-to-maserati-with-unfolding-bankruptcy-cars.html
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