Is Saab about to disappear? Bankruptcy "just hours away" Swedish press says

Once upon a time, Saab was a shining star in the sea of vehicles GM built or had a hand in building. Now, with Swedish creditors pounding on the doors and Swedish employees unpaid, the factory shuttered in Sweden (although the one in Mexico has its doors open), and the Chinese government saying the Chinese "white knight" money is doubtful - the "administrator" put in charge of the Swedish company appears to be fed up, according to news reports.

Saab dodged the bankruptcy bullet last month but without money to get by from day to day, it may be only a matter of time. That's a shame in many ways, not the least of which is the fact that reviewers like what they saw when Saab unveiled it new 9-4X model only weeks ago.

Orphaned by GM during the GM bankruptcy, and shuttled back and forth among suitors ever since while it struggled for cash flow, it likely now faces the end of the fight soon. Perhaps very soon.

As we have been saying for months, maybe you need to think hard before you buy a new or used Saab unless, of course, you can get a bunch of spare parts as part of the sale. You may not be able to find a dealer who has any when your Saab's parts wear out or break down.

Burdge Law Office
Helping consumers protect themselves since 1978

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ABOUT THE AUTHOR

Known nationwide as a leading Lemon Law attorney, Ronald L. Burdge has represented literally thousands of consumers in "lemon" lawsuits and actively co-counsels and coaches other Consumer Law attorneys. From 2005 through 2018, attorney Ronald L. Burdge has been named as the only Lemon Law Ohio Super Lawyer by Law and Politics magazine and Thomson Reuters Corp., Professional Division. Burdge restricts his practice to Lemon Law and Consumer Law cases. The Ohio Super Lawyer results are published annually in the January issue of Cincinnati Magazine. Ronald L. Burdge was named Consumer Law Trial Lawyer of the Year 2004 by the National Association of Consumer Advocates, the nation's largest organization of consumer law private and government attorneys. "Your impact on the auto industry has been magnified many times over because of the trail you blazed for others," stated NACA's Executive Director, Will Ogburn. Burdge has represented thousands of consumers in Ohio, Kentucky and elsewhere since 1978 and is a frequent lecturer to national, state and local Bar Associations and Judicial organizations. Burdge is admitted to Ohio's state and federal courts, Kentucky's state courts, and Indiana's federal courts. Other court admissions are on a "pro hac" temporary, case by cases basis.