Wednesday, 30 November 2011

Road - Saab sadness

Sad news this morning that Saab Great Britain Ltd (‘Saab GB’) has been placed in administration. With immediate effect, David Dunckley and Daniel Taylor of Grant Thornton UK LLP have been appointed joint administrators of Saab GB.

Saab had a big following (like Volvo) in Scotland, but it seems not big enough, and has been struggling over the past couple of years in a declining market in which it seems only the biggest can survive.

Saab GB has exclusive rights to distribute Saab cars and parts in the UK. It employs 55 people in Milton Keynes and has a 58 strong dealer network across the UK of which 20 are ‘Saab only’ sites.

The Saab GB board is of the opinion that administration gives the company and creditors the necessary legal protection until it has secured the required funding for the company. However, there are still discussions taking place with potential investors regarding the sale of Saab Automobile AB and Saab Great Britain Limited.

A Saab GB customer hotline has been set up on 0845 300 9593 or visit www.saab.co.uk for more details.

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