Saab’s Future Uncertain After Automaker Files For Bankruptcy

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

BOSTON (CBS) – One of the most unusually designed line of cars in the world may soon be driving down the highway toward oblivion.

Saab has filed for bankruptcy, now that the company’s last hope to nail down financing from a Chinese company fell apart.

But one local dealer, Ray Ciccolo of Charles River Saab, tells WBZ that when he runs out of new Saabs, he’ll sell them used. He’s also not convinced that Saab won’t still be saved, somehow.

Charles River Saab is the oldest Saab dealership in North America. It launched in 1957.

WBZ NewsRadio 1030’s Anthony Silva reports

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