Saab dealers will meet at NADA convention, probably for the last time

Article by Christian Andrei, on February 2, 2012

Saab dealers will have a meeting on February 6 in Las Vegas at the National Automobile Dealers Association convention for what would probably be their last make meeting. Tim Colbeck, the president of Saab Cars North America, said that they will meet on Monday from 10:30 a.m. to 11:45 a.m. in rooms N245 and N247 of the Las Vegas Convention Center.

A bankruptcy petition was filed by Saab’s parent company in a Swedish court Dec. 19, and on that same day, operations were suspended by its North American arm.

Colbeck said that he will be discussing the parts business and the company’s status. Ray Ciccolo, a Saab dealer based in Boston and the brand’s NADA line representative, said that a group composed of 41 dealers filed a bankruptcy petition against the company to discuss “where we go from here and our ability to keep buying parts from some entity.”

He added that among the topics that will be discussed are losses, unpaid warranty claims as well as GM’s role. The petition they filed on Jan. 30 in U.S. Bankruptcy Court in Wilmington, Del., is meant to put Saab into involuntary Chapter 11 bankruptcy protection.

Leonard Bellavia, a lawyer who represents the 41 dealers, said he will be in Las Vegas for the meeting with Saab dealers. However, he wasn’t sure if he will be permitted to be seated at the meeting under NADA rules. The claims listed for the bankruptcy petition include those for unpaid warranty, incentive reimbursement and other obligations that range from $79.11 to $167,977.

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