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Business News

Saab's UK distribution arm goes into administration


The UK distribution arm of car company Saab has gone into administration, threatening more than 100 jobs.

Saab GB has exclusive rights to distribute Saab cars and parts in the UK.

It employs 55 people in Milton Keynes in Buckinghamshire and distributes the cars and parts to a 58-strong dealer network across the UK of which 20 are "Saab only" sites.

Saab City, a wholly-owned subsidiary of Saab GB employing 65 people, operates two Saab motor dealerships in London - one in Wapping and a smaller site in Fulham.

Saab GB's Swedish parent company is continuing discussions with potential investors regarding the sale of Saab GB.