Central Indiana’s only Saab new-car franchise has closed its stores in Fishers and Indianapolis.
Saab dealer Bob Falcone, however, has acquired the former Duke Gold Speedway Volkswagen Subaru dealership at 1930 W. 16th St. in Indianapolis, which will also service Saab cars. The VW-Subaru dealership closed abruptly last November after Gold’s death.
Falcone closed Indy Saab, 2444 W. 16th St., and Saab of Fishers, 13417 Britton Park Road, last Friday. He took over the Indianapolis dealership in 1990 and opened the Fishers location in 2001.
Falcone said he transferred all of his 45 Saab employees in Fishers and Indianapolis to the former Duke Gold facility, and has hired some key employees who worked for Gold.
The Saab brand has been put up for sale by General Motors Corp., which is nearly bankrupt. GM couldn’t provide enough direction about the future of the division, Falcone said, leaving his franchise vulnerable. He said he held $4 million in inventory.
Falcone said that although he terminated his Saab sales agreement, he will continue to operate a factory-authorized Saab repair facility at the new location.
The VW sales, parts and service business is scheduled to operate fully on May 11, and the Subaru line on May 18.