General Motors Co. said Tuesday it will extend warranty coverage to owners of thousands of Saab vehicles sold before February 2010, while Saab's North American board met to decide its next steps.
Saab North America, which is based in Royal Oak and has about 50 employees, said it is halting warranty coverage on current vehicles and models for sale at dealerships in the wake of Monday's bankruptcy filing by its parent Saab Automobile AB in Sweden.
Saab spokeswoman Michele Tinson said the company has also stopped dealer incentive payments for vehicles at showrooms. Only a few thousand Saab vehicles are at its 188 U.S. dealer showrooms.
GM spokesman Jim Cain said GM is working to notify Saab customers that it will step in.
Read Article