GMAC to provide financing for Saab

Here’s the press release that came out while I was sleeping. The importance of this announcement cannot be underestimated.

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GMAC to provide financing for Saab dealers and customers

* GMAC chosen as financial services provider to Saab Automobile
* Preferred source of wholesale and retail financing for dealers and customers

Trollhättan. Following its successful launch as an independent company, Saab Automobile announced today that it has selected GMAC Financial Services as the preferred provider of wholesale and retail financial services for qualified Saab dealers and customers in many different countries around the world.

Jan Åke Jonsson, CEO of Saab Automobile AB said: “Today’s announcement is excellent news for the Saab organization as a whole and also for Saab’s customers. It not only makes available competitive financing, but also provides valuable continuity for the dealer network which already uses GMAC services.”

Bill Muir, GMAC President said: “We are delighted to be able to build on our strong relationships with Saab dealers and customers, and we look forward to working with Saab as it begins a new chapter in its history.”

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Saab had so much going against it in 2009. A perception in the public eye that it was closed, lack of finance for dealers. Lack of production volume. Lack of leasing for customers.

This announcement is a BIG fix for the finance component for dealers and customers.

Great stuff!

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