Friday

Is Saab going, going, gone? Rumors of near-bankruptcy circulate

Is Saab going, going, gone? Rumors of near-bankruptcy circulate as Saab delayed its release of the first half 2011 financial report which, obviously, will likely be printed with red ink.

News reports say Saab missed another payroll and its suppliers still refuse to provide the parts Saab needs to build cars.You have to know that the few Saab dealers that are left out there are making plans to move on. One dealer reported remarked that they were no longer going to support Saab "after learning that Saab board members received pay increases recently, even as the rest of the staff waited for their checks," according to TheDetroitBureau.com.

If you own a Saab car or suv, now might be the best time to get rid of it or, at the very least, plan on not having anyone willing to do any warranty work on it. But then again, that's probably already a problem you have been dealing with.

Burdge Law Office
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