Cars
If it were a movie, it would have more sequels than Rocky, Rambo and Mission Impossible all combined together. However, it is not: it is the story of Saab’s survival.
- Not Again…saab's New Owner Nevs Faces Bankruptcy
In yet another twist in Saab's…twisted survival story, one of its suppliers petitioned a Swedish court to declare the brand's new owner, National Electric Vehicle of Sweden (NEVS), bankrupt. Read more »...
- 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...
- Court Rejects Saab’s Administrator Resignation, Gm Rejects Any Chinese-related Plan…
There are so many turns and twists in Saab's road to salvation or closure on an everyday basis, that it’s very easy to lose track of what's actually going on with the Swedish automaker. On Monday Guy Lofalk, the court-appointed administrator...
- Saab Changes Administrator, Awaits Monday’s Court Decision
The ongoing story that is the future of Saab looks set to have more episodes than The Young and the Restless – and the CBS TV soap opera has been running since 1973… Guy Lofalk, the court-appointed administrator who oversaw the restructuring...
- Saab Presents New Restructuring Plan To Its Creditors
On Monday, Swedish Automobile presented the restructuring plan of Saab Automobile to the company's creditors at a preliminary meeting in Vanersborg, Sweden. Saab’s management informed the creditors about the key points of the reorganization...
Cars
Delays in Chinese Loan May Spell the End for Saab
If it were a movie, it would have more sequels than Rocky, Rambo and Mission Impossible all combined together. However, it is not: it is the story of Saab’s survival.
And the latest chapter may very well turn to be the last. According to the Swedish newspaper Svenska Dagbladet, Guy Lofalk, the administrator appointed by the court to oversee Saab’s implementation of its restructuring plan, is ready to stop the process, remove the company’s protection from its creditors and, effectively, declare the carmaker bankrupt.
Read more »- Not Again…saab's New Owner Nevs Faces Bankruptcy
In yet another twist in Saab's…twisted survival story, one of its suppliers petitioned a Swedish court to declare the brand's new owner, National Electric Vehicle of Sweden (NEVS), bankrupt. Read more »...
- 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...
- Court Rejects Saab’s Administrator Resignation, Gm Rejects Any Chinese-related Plan…
There are so many turns and twists in Saab's road to salvation or closure on an everyday basis, that it’s very easy to lose track of what's actually going on with the Swedish automaker. On Monday Guy Lofalk, the court-appointed administrator...
- Saab Changes Administrator, Awaits Monday’s Court Decision
The ongoing story that is the future of Saab looks set to have more episodes than The Young and the Restless – and the CBS TV soap opera has been running since 1973… Guy Lofalk, the court-appointed administrator who oversaw the restructuring...
- Saab Presents New Restructuring Plan To Its Creditors
On Monday, Swedish Automobile presented the restructuring plan of Saab Automobile to the company's creditors at a preliminary meeting in Vanersborg, Sweden. Saab’s management informed the creditors about the key points of the reorganization...