"Saab, Performance Cars Are on the Chopping Block at GM" Edmunds Daily

Saab, Performance Cars Are on the Chopping Block at GM

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The Saab brand and performance cars were the latest casualty in GM's attempts to move forward as a financially viable company.

In AutoObserver we note that the Swedish manufacturer, owned by GM, is likely to file Chapter 11. Anyone with questions about existing warrantees on their Saab should review our earlier post on warranty questions.

Also on the chopping block was GM's High Performance Vehicle Operations Unit which was in the company's Performance Division. As reported in Straightline, the production of such cars as the Cobalt SS and the HHR SS has been put on hold. This could mean that existing inventories of these cars could be sold at bargain prices. It will also mean that depreciation on these cars will be precipitous.

The fate of the sentimental favorite, Chevrolet's Corvette ZR1, also seems uncertain. But one thing that is definite is that prices are dropping. Though once over-sticker priced performance car will be selling at prices well below MSRP and may soon include incentives. Check out our story in a Straightline for more information.