DETROIT -- Saab's new owner will reject 81 of Saab's 218 U.S. dealerships, General Motors Co. said Thursday.
GM said in a letter received today by dealers that Saab's buyer, Swedish exclusive sportscar maker Koenigsegg, selected the surviving stores. Koenigsegg will operate the brand here through a new entity, Saab Cars North America Inc.
The target date to close the sale of Saab is Nov. 30, but it could take until year end, said Mike Colleran, COO of Saab Cars North America in Detroit.
“SCNA did make its selection of (go-forward) dealers based on our business plan and the needs of that plan,” Colleran said. “Essentially, we're looking for strong dealers who have good profitability and good throughput.”
Location also factored into the decision, he said.
GM sent letters out through Federal Express on Wednesday to rejected dealers, GM spokeswoman Ryndee Carney said. Saab will have 137 U.S. dealers after the sale.