DETROIT — Following its successful launch as an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as the preferred provider of wholesale and retail financial services for qualified Saab dealers and customers worldwide.

Jan Ake 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."