The demise of Saab Automobile has been one of the slowest and most agonising deaths in the automotive industry, and it now appears the Swedish automaker's local subsidiary has finally breathed its last.
Saab Cars Australia Pty Ltd currently owes creditors $2 million, and has called in Ferrier Hodgson as administrators.
Based in a small office in Port Melbourne, Saab Australia presently employs six people and has an inventory of just 10 cars.
Ferrier Hodgson will manage the sale of Saab Australia's assets - including those unsold cars. The flow of spare parts will continue however, with Brookart Pty Ltd in Sydney confirmed by Saab Automobile Parts AB as the new local parts distributor.
Warranties, on the other hand, have a question mark hovering over them. With the local distributor in administration and the Swedish parent company bankrupt, it's unclear at this stage who has responsibility for vehicle warranties.
It's a sad end for the brand Down-Under, but it may not be the last we see of Saab. The company was bought in September last year by National Electric Vehicle Sweden (NEVS), a Sino/Japanese consortium which plans to release an all-electric version of the current 9-3 sometime next year.
NEVS also plans to engineer and build the next-generation 9-3 on the Phoenix platform.