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A Letter From General Motors to ALL Saab Clients and Potential Clients: February, 2009 You’ve always known us as somewhat of an unconventional company. From our very first days, when a group of unassuming jet engineers decided that driving should feel more like flying, we’ve had a natural affinity to seek the not-so-obvious path. Buoyed by a curious mix of ingenuity and optimism, we’ve always found our way. Today, our sights are set on a new destination: independence. Last week, General Motors submitted its viability plan to the U.S. Department of Treasury that outlined the corporation’s long-term restructuring goals. In that plan, GM stated that it would actively pursue measures that could result in Saab Automobile AB, including all of Saab’s global operations, becoming an independent company. Saab has had several different types of ownership during its storied history. Recently, the first step toward re-establishing its independence was taken when Saab Automobile AB in Sweden filed for reorganization under a self-managed Swedish court process that will attempt to create a fully independent business entity. The reorganization in Sweden allows Saab to continue operating, while new ownership possibilities are being pursued. Current business is unaffected during this restructuring process. So, what exactly does all this mean? To current Saab owners and loyalists, be assured that all warranties on Saab vehicles remain valid. The warranty for both new and Certified Pre-Owned Saab vehicles are provided by GM and remain intact. GM will support continued availability of parts and service. Prepaid scheduled maintenance also remains in effect on all current product offerings. To those who have recently expressed interest in buying a new Saab, we’ll be there for you as well. All of Saab’s current product offerings remain available. While these times may seem turbulent and uncertain, our cars are just as safe, just as fuel-efficient and just as fun-to-drive as ever. With the full backing of all warranties, you can drive with confidence knowing that your Saab will be covered under its warranty. We are excited by the potential opportunities tomorrow will bring. And we’re eager to start anew. During the reorganization period, your Saab Dealer stands ready to assist you with all your sales and service needs. In addition, Saab Customer Assistance is available at (800) 955-9007. While it may not be the most conventional path to take, for those who know Saab, you’re well aware – we know no other way. With the spirit of Saab leading us, we hope you'll join us for the ride. Sincerely, Mark C. McNabb Vice President Premium Channel General Motors Corporation Saab Automobile USA | 100 Renaissance Center, 482-A00-MAR | Detroit, MI 48265
Frequently Asked Questions: Q: Is Saab in bankruptcy? Is Saab insolvent, or going out of business? A: Saab is not “going out of business.” Saab is going through a self-managed legal reorganization process in Sweden, under Swedish court supervision. This process enables the brand to continue operating while a new independent funding and new ownership structure is being pursued. We [Saab USA] simply don’t know when that process will conclude, or what the exact results will be. Current business is unaffected during the process. Q: Are there any immediate changes for Saab owners/customers? What about warranties and prepaid maintenance? A: No. From the standpoint of consumers, nothing at all has changed as result of Saab’s actions. Warranties are completely valid, service and parts are unchanged as well. Prepaid maintenance also remains completely in effect on all current products. All of Saab’s product offerings are intact. 5764241&K=
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