Cars
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt.
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Dutch supercar maker and former Saab owner Spyker has been declared bankrupt by a district court, which ended a moratorium of payments that was granted to the company on December 2. Read more »...
- Saab Dealers Abandoning Ship As Liquidation Looks Inevitable
Three weeks ago, the receivers that handle Saab’s assets after the company was officially declared bankrupt confirmed that there are many parties interested in acquiring the Swedish carmaker, or whatever is left of it. Up until now, no offer...
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- Court-appointed Administrator Wants Saab Restructuring Process Terminated
Less than 24 hours after General Motors stated once again, that it will veto any plan that includes a Chinese company acquiring a stake in Saab, the Swedish carmaker received more bad news. Guy Lofalk, the court-appointed administrator who oversees Saab’s...
- Stayin’ Alive: Swedish Court Accepts Saab’s Reorganization Plan
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Cars
Court Approves Saab’s Bankruptcy, Appoints Two Receivers – But is it Really Over?
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt.
The company's CEO, Victor Muller, blamed General Motors for blocking every rescue attempt that involved the Chinese company Youngman Lotus Automobile, including its latest offer of a US$5 million funding to continue the restructuring process.
“That, basically, was the last nail in the coffin of this beautiful companyâ€, said Muller only hours after requesting that Saab be declared bankrupt.
Read more »- Spyker Goes Bunkrupt, Owner Quotes Churchill, Vows To Resurrect It
Dutch supercar maker and former Saab owner Spyker has been declared bankrupt by a district court, which ended a moratorium of payments that was granted to the company on December 2. Read more »...
- Saab Dealers Abandoning Ship As Liquidation Looks Inevitable
Three weeks ago, the receivers that handle Saab’s assets after the company was officially declared bankrupt confirmed that there are many parties interested in acquiring the Swedish carmaker, or whatever is left of it. Up until now, no offer...
- Saab Saga Is A Wild Turkey: Istanbul-based Equity Firm Added To Buyers’ List
Saab hasn’t made a car since last March. Its initial deal with the Chinese fell as did every subsequent overtake attempt basically because GM wasn’t willing to give away its technology to the Chinese for free. Eventually, the company's...
- Court-appointed Administrator Wants Saab Restructuring Process Terminated
Less than 24 hours after General Motors stated once again, that it will veto any plan that includes a Chinese company acquiring a stake in Saab, the Swedish carmaker received more bad news. Guy Lofalk, the court-appointed administrator who oversees Saab’s...
- Stayin’ Alive: Swedish Court Accepts Saab’s Reorganization Plan
Saab announced today that it has received a second chance in life as the Gothenburg Court of Appeal approved its voluntary reorganization plan, overturning the Vanersborg District court's previous ruling. In contrast to the District Court, the Court...