Breaking Saab news: No more warranty coverage.

Breaking news from Saab. Saab North America will no longer be honoring warranties on Saab vehicles sold in the U.S. Additionally, all new Saabs sold will be sold "as-is" with no warranty coverage what so ever. 

Effective Dec. 19, "warranty coverage is suspended indefinitely for all new Saab vehicles sold. During this period, the warranty booklet must be removed from the owner information packet," Saab Cars North America said in a statement provided to Automotive News.

"For any vehicle sold or leased during this period, the customer should be affirmatively advised that the vehicle does not carry any warranty coverage and is sold 'as is.' "
Saab Cars North America also said it has suspended the processing and payment of all claims, including but not limited to:

• New-car warranties
• Powertrain warranties
• Emission warranties
• Parts warranty
• Safety belts, airbags
• Towing
• Recalls and campaigns
• Certified pre-owned coverage
• Goodwill
• No charge maintenance

Read more: http://www.autonews.com/article/20111220/OEM/111229990#ixzz1h6iiimoE

Until February of 2010, General Motors handled all warranty claims for Saab, but that had since stopped when Swedish Automobile AB purchased the automaker.

What does this mean for potential sales of new Saabs over the next few weeks/months? Well there probably won't be many. Currenty, Saab says they have 2,400 new Saabs available for purchase nationwide. And with sticker prices well over the $30,000 mark, I don't think too many potential buyers want to shell out that kind of cash on a new car that won't have warranty coverage.  So will dealers be offering huge blowouts on cars in inventory? I can see that on the horizon. But I wouldn't hold my breath on any of these new cars being collectible for the time being. We will keep everyone updated on any further drama on the Saabs of our Lives.

Source: Automotive News.