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Exchange Rate Puts Kibosh On Saab 9-3 Employee Purchases; More To ...
Exchange Rate Puts Kibosh On Saab 9-3 Employee Purchases; More To ...
Jalopnik
(Enlarge photo)
03/07/2008 08:03. Starting with the 2009 model year, Saab will no longer allow GM employees to purchase the 9-3 at a discount, citing current exchange rates that make the 7% price cut economically unsound. Saab sold about 23,000 9-3s last year, and the company claims approximately 1,500 of those were employee sales — though we think the total may be significantly higher based on the popularity of the 9-3 in Metro Detroit. If the numbers are accurate, the change would likely mean at least a 6% drop in future 9-3 sales. The bigger question is whether GM will stop at the 9-3 or begin slashing employee purchase discounts on all imported models. Vehicles that could be affected after the jump.

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