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Saab shuts Australian operations

Reported by AAP
Monday, January 7, 2013
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Saab Australia's local operations will close after the company was unable to find a buyer.

Administrator Ferrier Hodgson has been appointed to Saab Cars Australia, resulting in the closure of the company's operations in Port Melbourne and six job losses.

Saab Australia had unsuccessfully tried to sell to a third party in Sweden.

It comes after an attempted restructuring and eventual bankruptcy of SAAB Australia's Swedish parent entity in December 2011.

Ferrier Hodgson partner Stewart McCallum said there was unlikely to be any immediate impact on the owners of SAAB vehicles.

"SAAB drivers can be confident their vehicles will be kept on the road and they should have no problems accessing parts over the short to medium term," Mr McCallum said.

He said Ferrier Hodgson was working with dealers around Australia to minimise any potential impact on SAAB owners.

The administrators will focus on selling the remaining vehicles and significant inventory of parts.

21/10/2014 22:54Sydney, Australia. 21 October,2014
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