PITTSBURGH (AP) - About 37 percent of U.S. Saab dealers will close as part of General Motors Corp.'s planned sale of the ailing Swedish car brand to Koenigsegg Group AB, a GM spokeswoman says.
GM spokeswoman Ryndee Carney says the company had sent letters to 81 of the 218 U.S. Saab dealers notifying them they will be expected to terminate their dealerships when the sale closes around the end of November.
The remaining 137 dealers will continue operating under Saab Cars North America, a newly formed company that will run the brand under Koenigsegg's ownership. All the U.S. Saab dealers had signed deferred termination agreements during GM's reorganization under bankruptcy protection earlier this year.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
