Jim Ellis Saab Atlanta
5855 Peachtree Ind Blvd. Atlanta, GA 30341Sales: 877-219-6157
- Service: 866.329.4377
- Parts: 888.406.1193
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SAAB Bankruptcy Information
There are many questions that people have about Saab's bankruptcy and we've compiled answers from as many official sources to give you the most comprehensive information in one location.
One of the biggest questions is if there are any good deals on Saab vehicles going on right now as a result of the bankruptcy and the answer is a resounding YES! You can view them here. You might notice that the vehicles are located in the Used Inventory section. This is because by law, you cannot sell a car as "new" without a warranty.
That being said, the next most popular question is whether or not your Saab vehicle is covered under warranty. The short answer to this question is no. However, if you purchased your Saab from Jim Ellis Saab, Jimmy Ellis has provided his official statement here which essentially indicates;
What do we tell customers, past and future?
SCNA will distribute and post a customer letter on SaabUSA.com in an effort to provide an update on the company's situation and impact to Saab vehicle owners. However, in the interim owners should be informed of the following facts: Swedish Automobile N.V. (SWAN) announced that Saab Automobile AB, Saab Automobile Tools AB and Saab Powertain AB filed for bankruptcy with the District Court in Vanersborg, Sweden on Monday, December 19,2011.
As the situation evolves in Sweden, SCNA has elected to pursue an out-of-court solution. The SCNA Board of Directors believes this is the best course of action to maximize the enterprise value for its customers, dealers and creditors. McTevia & Associates, a nationally renowned and respected financial advisor to companies in transition, has been chosen to direct the process. In the interim, SCNA remains operational to assist dealers and customers with process questions.
Will Saab have a position statement for distribution?
Yes a press release and key message document have been posted to IRIS.
Where do I go for Service?
SCNA currently has 188 dealerships and 16 service only centers that remain active.
Can I go to a GM dealership?
It is up to General Motors if they will honor Saab vehicle maintenance through their GM franchises. GM recently stated, warranty claims will be honored for Saab model year 2009 vehicles and prior, sold by GM.
Who do I turn-in my lease to when it expires?
Information forthcoming
WARRANTY
Will warranty and factory paid maintenance be paid by Saab?
For Jim Ellis Saab customers, please refer to Jimmy Ellis's official statement here. For all others:
At this time, warranty has been indefinitely suspended until further notification by SCNA's leadership team and McTevia & Associates. SCNA is committed to developing a solution that would provide warranty coverage for Saab vehicles covering model years 2010 and 2011. As has been previously reported, GM is honoring Saab warranties for model year 2009 and prior year vehicles, sold by GM.
The official statement from GM is as follows:
Is there another warranty available to handle these claims?
Not at this time. However, as has been previously reported, GM is honoring Saab warranties for model year 2009 and prior year vehicles, sold by GM.
Has money been escrowed to pay these potential claims?
GM has announced its intention to satisfy warranty obligations on MY09 and prior MY Saab vehicles it sold. No funds have been escrowed by SCNA to pay warranty claims. At this time, SCNA is unable to process warranty requests for any Saab vehicles.
How do we secure payment from GM for work on 2009 cars and older? What systems will the claims entered on? (IRIS or GM Global?)
GM has stated their intention to communicate directly to Saab dealers. We are awaiting details on the available systems.
PARTS
What happens to parts availability?
The parts business of Saab Automobile AB remains in operation. SCNA is aggressively investigating all options aimed at reinstating its parts business in North America in a timely manner. We will provide further direction once confirmed.
Who do I order or make payments to?
TBD at this time. (see above answer)
What payments can we expect to receive from Saab?
At this time it remains unknown as to what payments can be processed. SCNA's independent administrator will evaluate the situation without preferential treatment and without any creditor influence.
What programs can we opt out of immediately (ASAP)?
All programs should be suspended at this time until further notification.
On December 19, 2011 an IRIS posting listed a temporary suspension of the following activities: Also, please note that all dealer incentives and programs listed below are suspended indefinitely as of start of business on Monday.
Incentive Name / Incentive Number
Dealer Cash / 110112DLC1
Purchase Loyalty / 111112LOY1
Ally Loyalty / 119ALYLOY
Fuel Fill / C11FFSAAB
Sales Person / 11SPR-SP
Sales Manager Rewards / 11SPR-SM
Affinity programs -
SeaRay / 11SEARAY
Yale / 11SAABYU
Pinot Days / 111PINOTDY
Saab Club / 11SAABCB
Carryover Allowance / 110CYOVER7
Employee Purchase / 111SCNAEMP
Supplier Purchase / 111SCNASUP
Fleet Incentive / 11FLTPGM
Michigan Bonus Cash / 111112MBC
Saab Ally APR / 110112APR1
Loaner Extension Program / 111CTAEX (missed in the original release)
GENERAL
Are there Saab assets in the US that will be used to pay claims?
Possibly, at this time SCNA's Administrator is reviewing all assets and liabilities, which could take up to 30 days.
Who are preferred creditors?
McTevia & Associates are currently conducting an objective review of all assets and liabilities.
What happens to port stock?
At this time port stock remains protected and is not available for wholesale. (Update: Ally has filed suit for these vehicles.)
Where are dealer claims on the pecking order?
A third-party, independent administrator (McTevia & Assoc.) has been assigned to objectively review the situation without preferential treatment and act in the best interest of the creditors.
What is Tim Colbeck's role in the Company now that McTevia has been selected?
Tim Colbeck remains President & COO of SCNA. McTevia & Associates is overseeing and is responsible for the company's assets. Saab's management team is continuing to operate the company and will administer those assets under McTevia & Associates' supervision.
More details can be found here:
http://newsroom.saab.com/news/news/saabautomobilefilesforbankruptcy.5.33e35a55134420c33657ffe39.html
Didn't see a question you needed answered? Please reach out to us .
One of the biggest questions is if there are any good deals on Saab vehicles going on right now as a result of the bankruptcy and the answer is a resounding YES! You can view them here. You might notice that the vehicles are located in the Used Inventory section. This is because by law, you cannot sell a car as "new" without a warranty.
That being said, the next most popular question is whether or not your Saab vehicle is covered under warranty. The short answer to this question is no. However, if you purchased your Saab from Jim Ellis Saab, Jimmy Ellis has provided his official statement here which essentially indicates;
- Any Saab owner currently whose vehicle is covered under the manufacturer's warranty coverage that was the original purchaser from either Jim Ellis Saab of Atlanta or Jim Ellis Saab of Marietta.
- Any Saab owner currently whose vehicle is covered under the manufacturer's Certified Pre-Owned warranty that was purchased from either Jim Ellis Saab of Atlanta or Jim Ellis Saab of Marietta.
- For Saab owners that have a vehicle under the manufacturer's warranty and did NOT purchase their vehicle from either Jim Ellis Saab of Atlanta or Jim Ellis Saab of Marietta, Jim Ellis will perform the requested warranty repairs under the warranty reimbursement guidelines however, the client will be asked to pay for the repairs and submit for reimbursement to the bankruptcy courts.
Alternately, there are other less frequently asked questions and statements and we've brought them all together for you here.
What do we tell customers, past and future?
SCNA will distribute and post a customer letter on SaabUSA.com in an effort to provide an update on the company's situation and impact to Saab vehicle owners. However, in the interim owners should be informed of the following facts: Swedish Automobile N.V. (SWAN) announced that Saab Automobile AB, Saab Automobile Tools AB and Saab Powertain AB filed for bankruptcy with the District Court in Vanersborg, Sweden on Monday, December 19,2011.
As the situation evolves in Sweden, SCNA has elected to pursue an out-of-court solution. The SCNA Board of Directors believes this is the best course of action to maximize the enterprise value for its customers, dealers and creditors. McTevia & Associates, a nationally renowned and respected financial advisor to companies in transition, has been chosen to direct the process. In the interim, SCNA remains operational to assist dealers and customers with process questions.
Will Saab have a position statement for distribution?
Yes a press release and key message document have been posted to IRIS.
Where do I go for Service?
SCNA currently has 188 dealerships and 16 service only centers that remain active.
Can I go to a GM dealership?
It is up to General Motors if they will honor Saab vehicle maintenance through their GM franchises. GM recently stated, warranty claims will be honored for Saab model year 2009 vehicles and prior, sold by GM.
Who do I turn-in my lease to when it expires?
Information forthcoming
WARRANTY
Will warranty and factory paid maintenance be paid by Saab?
For Jim Ellis Saab customers, please refer to Jimmy Ellis's official statement here. For all others:
At this time, warranty has been indefinitely suspended until further notification by SCNA's leadership team and McTevia & Associates. SCNA is committed to developing a solution that would provide warranty coverage for Saab vehicles covering model years 2010 and 2011. As has been previously reported, GM is honoring Saab warranties for model year 2009 and prior year vehicles, sold by GM.
The official statement from GM is as follows:
In the event Saab cannot or will not fulfill its obligations to administer the warranty programs with its U.S. and Canadian dealers through Saab Cars North America or otherwise, General Motors will take necessary steps to ensure that remaining warranty obligations on Saab vehicles marketed by GM in the United States and Canada will be honored.
Is there another warranty available to handle these claims?
Not at this time. However, as has been previously reported, GM is honoring Saab warranties for model year 2009 and prior year vehicles, sold by GM.
Has money been escrowed to pay these potential claims?
GM has announced its intention to satisfy warranty obligations on MY09 and prior MY Saab vehicles it sold. No funds have been escrowed by SCNA to pay warranty claims. At this time, SCNA is unable to process warranty requests for any Saab vehicles.
How do we secure payment from GM for work on 2009 cars and older? What systems will the claims entered on? (IRIS or GM Global?)
GM has stated their intention to communicate directly to Saab dealers. We are awaiting details on the available systems.
PARTS
What happens to parts availability?
The parts business of Saab Automobile AB remains in operation. SCNA is aggressively investigating all options aimed at reinstating its parts business in North America in a timely manner. We will provide further direction once confirmed.
Who do I order or make payments to?
TBD at this time. (see above answer)
What payments can we expect to receive from Saab?
At this time it remains unknown as to what payments can be processed. SCNA's independent administrator will evaluate the situation without preferential treatment and without any creditor influence.
What programs can we opt out of immediately (ASAP)?
All programs should be suspended at this time until further notification.
On December 19, 2011 an IRIS posting listed a temporary suspension of the following activities: Also, please note that all dealer incentives and programs listed below are suspended indefinitely as of start of business on Monday.
Incentive Name / Incentive Number
Dealer Cash / 110112DLC1
Purchase Loyalty / 111112LOY1
Ally Loyalty / 119ALYLOY
Fuel Fill / C11FFSAAB
Sales Person / 11SPR-SP
Sales Manager Rewards / 11SPR-SM
Affinity programs -
SeaRay / 11SEARAY
Yale / 11SAABYU
Pinot Days / 111PINOTDY
Saab Club / 11SAABCB
Carryover Allowance / 110CYOVER7
Employee Purchase / 111SCNAEMP
Supplier Purchase / 111SCNASUP
Fleet Incentive / 11FLTPGM
Michigan Bonus Cash / 111112MBC
Saab Ally APR / 110112APR1
Loaner Extension Program / 111CTAEX (missed in the original release)
GENERAL
Are there Saab assets in the US that will be used to pay claims?
Possibly, at this time SCNA's Administrator is reviewing all assets and liabilities, which could take up to 30 days.
Who are preferred creditors?
McTevia & Associates are currently conducting an objective review of all assets and liabilities.
What happens to port stock?
At this time port stock remains protected and is not available for wholesale. (Update: Ally has filed suit for these vehicles.)
Where are dealer claims on the pecking order?
A third-party, independent administrator (McTevia & Assoc.) has been assigned to objectively review the situation without preferential treatment and act in the best interest of the creditors.
What is Tim Colbeck's role in the Company now that McTevia has been selected?
Tim Colbeck remains President & COO of SCNA. McTevia & Associates is overseeing and is responsible for the company's assets. Saab's management team is continuing to operate the company and will administer those assets under McTevia & Associates' supervision.
More details can be found here:
http://newsroom.saab.com/news/news/saabautomobilefilesforbankruptcy.5.33e35a55134420c33657ffe39.html
Didn't see a question you needed answered? Please reach out to us .
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