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Saab Hawaii to continue servicing cars at Kaimuki dealership

Officials at Saab Hawaii said today the dealership will continue to provide service for Saab vehicles following the Swedish automaker’s announcement that it has filed for bankruptcy.

After six decades of building cars renowned for their teardrop designs and quirky features, cash-strapped Saab Automobile gave up its desperate struggle for a lifeline Monday and filed for bankruptcy.

Saab CEO Victor Muller said “the last nail in the coffin” was previous owner General Motors Co.’s rejection of a Chinese company’s attempts to gain control of the ailing Swedish brand. Muller personally handed over the bankruptcy petition to a Swedish court, which approved it late Monday.

Though a theoretical chance remains for a new buyer to step in during the bankruptcy process, analysts said Saab’s troubles underline how difficult it is for a small, niched carmaker to survive in today’s competitive global market.

Locally-owned Saab Hawaii, located in Waialae Avenue in Kaimuki, is the sole Saab dealership in the state. There were nine Saabs sold and registered in Hawaii through the first nine months of this year, down from 20 during the same period last year, according to the quarterly Hawaii Auto Outlook published by the Hawaii Automobile Dealers Association.

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