George S. May Business Blog

Koenisegg shutting down 38% of Saab dealerships

As reported by Automotive News, 81 of Saab’s 218 dealers got letters yesterday informing them that they had not been selected to continue as a dealer after Koenisegg takes over. Allegedly, the Swedish car maker (Koenisegg) had selected only certain stores based on its business plan requiring strong, well-located dealers showing profits and high volume.
Back in June, when GM entered bankruptcy, all Saab dealers signed termination agreements. Those dealers who received letters of rejection will follow those terms, the remaining 137 dealers will wait until November when the sale is expected to close.

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