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CORRECTION TO SAAB REPORTS JULY SALES; 900 CONVERTIBLE ACCELERATES 65.8 PERCENT; SPECIAL LEASE AND FINANCE PROGRAM TO CONTINUE THROUGH SEPT. 1

 /C O R R E C T I O N -- SAAB CARS USA/
 In AT010, moved yesterday, Aug. 4, Saab Reports July Sales...,


we have been advised by the company that the sales figures were reported incorrectly, as originally issued.
 The headline should read "...900 Convertible Accelerates 65.8 percent." First graph should read "...posted a July sales total of 2,191 new Saabs sold." Second graph should read "This result is 2.0 percent ahead of the same
month last year...." Third graph, second sentence should read "During July 1992, 441 Saab convertibles were retailed, which is a 65.8 percent gain compared to last year and represents a 20.1 percent share...."
 The corrected release follows:
 SAAB REPORTS JULY SALES; 900 CONVERTIBLE ACCELERATES 65.8 PERCENT;
 SPECIAL LEASE AND FINANCE PROGRAM TO CONTINUE THROUGH SEPT. 1
 NORCROSS, Ga., Aug. 4 /PRNewswire/ -- Saab Cars USA, Inc., importer and distributor of the distinctive Saab 9000 and 900 automobiles, posted a July sales total of 2,191 new Saabs sold.
 This result is 2.0 percent ahead of the same month last year, when Saab delivered a combined total of 2,149 9000s and 900s through its nationwide dealer body.
 The Saab 900S Convertible and 900 Turbo Convertible, however, continue to represent an ever-increasing portion of the Swedish automaker's U.S. sales penetration. During July 1992, 441 Saab convertibles were retailed, which is a 65.8 percent gain compared to last year and represents a 20.1 percent share of Saab sales for the month. Known as the car "for all reasons and seasons," Saab convertible sales were 12.4 percent of the total during July 1991, when 266 were delivered.
 The Saab 9000 series share continues to gain as well, and now accounts for 50 percent of Saab's U.S. sales volume.
 To maintain Saab sales momentum through the hot summer selling season, special Saab 9000 and 900 lease and retail finance programs will continue through Sept. 1.
 Lease Program
 Saab is offering attractive lease rates through Sept. 1 for all 1992 Saab 9000 and 900 models, with no money down. These special rates translate, for example, to a $348 monthly payment for 48 months and a $399 monthly payment for 36 months on a Saab 9000. For the Saab 900, a $317 monthly payment is available for 48 months and a $372 monthly payment for 36 months. Terms for 24 months are also available.
 The Saab Lease Program is based on an annual percentage rate (APR) of 1.9 percent for Saab 9000 models and 3.9 percent for Saab 900s.
 Retail Finance Program
 Saab also is offering low finance rates through Sept. 1 for all Saab models. A Saab 9000 may be financed for as low as $399 a month for 48 months, while the Saab 900 may be financed for as low as $340 a month for 48 months. Terms for 24 and 36 months are also available. Saab's promotional finance rates are based on a 2.1 percent APR for the Saab 9000 and 3.9 percent APR for the Saab 900, and require a 25 percent down payment.
 Saab's special lease and retail finance programs are subject to model availability. Further details on both opportunities are available from any Saab dealer, coast to coast.
 -0- 8/5/92
 /CONTACT: Steven Rossi or Elke Martin of Saab Cars USA, 404-279-6360/ CO: Saab Cars USA, Inc. ST: Georgia IN: AUT SU:


BR-BN -- AT001 -- 6948 08/05/92 09:01 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Aug 5, 1992
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