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Another GM Saab Story

As Heidi Klum might say, “One day you’re in; the next, you’re out.” So goes it with dealers for the Swedish automaker Saab. Just last week we read that 81 dealers (including Checkpoint Foreign Cars on Kenmore Avenue) received notice that their Saab franchises would be dropped after the purchase of the company from General Motors by the Swedish sports car manufacturer Koenigsegg. This would have left 137 dealers still selling the new, independently-made Saabs.

Now today we hear that Koenigsegg has backed out of the purchase. Sounds very much like the Roger Penske deal to buy Saturn, which also suddenly went south. GM has since decided to wind down the Saturn operation, as there are no other buyers on the horizon. Don’t be surprised to see Saab suffer the same fate. Its current sales are down 62 percent this year — making the division not exactly a “must buy” for any corporation, no matter how much cash they’ve got to burn.