General Motors is offering a bit of relief to those who own Saab vehicles, which many feel is the least they can do after tipping off the first domino in a chain of events causing the company to file for bankruptcy on Monday. But the automaker is only extending it warranty to those who own vehicles sold before February 2010.
There are about 48,000 registered Saabs in the U.S, and GM said it would cover most of them under its warranty. But for the few thousand vehicles currently for sale at the brand’s 188 U.S. dealerships, they will no longer be covered under warranty. On top of that, Saab spokeswoman Michele Tinson said the company has also stopped dealer incentives on those vehicles as well. Apparently, the last thing GM wants is to leave Saab customers out in the cold.
"In the event Saab cannot or will not fulfill its obligations to administer the warranty programs with its U.S. and Canadian dealers through Saab Cars North America or otherwise, GM will take necessary steps to ensure that remaining warranty obligations on Saab vehicles marketed by GM in the United States and Canada will be honored," said GM spokesman Jim Cain.
Saab’s North American board of directors has also been busy sitting in meetings as it decides what will happen next. This of course comes after GM vetoed Youngman Lotus’ takeover bid, in which the U.S. automaker had to the power to do so after having maintained preferential shares in Saab.
Source: The Detroit News