Cars
New troubles are brewing for the never-ending roller-coaster that is Saab. On Friday, one of Saab’s many unpaid suppliers, SwePart Verktyg AB, lost its patience and applied for the Swedish automaker’s Saab Tools subsidiary to be declared bankrupt.
- 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 Files For Bankruptcy After All Rescue Plans Fail, This Could Be The End
It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final. Earlier this morning, Swedish Automotive...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- Saab Says It Can’t Pay Workers, Company’s Survival In Doubt
New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary...
- Saab Temporarily Halts Production After Suppliers Suspend Parts For Not Being Paid
In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t...
Cars
More Troubles: Supplier Files for Bankruptcy of Saab’s Tool Division
New troubles are brewing for the never-ending roller-coaster that is Saab. On Friday, one of Saab’s many unpaid suppliers, SwePart Verktyg AB, lost its patience and applied for the Swedish automaker’s Saab Tools subsidiary to be declared bankrupt.
This is the first time that one of Saab’s suppliers has made such a move. The Swedish automaker’s parent company, Netherlands-based Swedish Automobile (SWAN), issued a short statement saying that it will try to resolve the problem as soon as possible:
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 Files For Bankruptcy After All Rescue Plans Fail, This Could Be The End
It is sad news for the automotive world to learn of the demise of a company. Unfortunately, Monday December 19, will mark the end of the road for Swedish carmaker Saab – and this time it looks like it is final. Earlier this morning, Swedish Automotive...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- Saab Says It Can’t Pay Workers, Company’s Survival In Doubt
New clouds are forming over Saab as the automaker’s parent company, Swedish Automobile N.V., formerly known as Spyker Cars N.V., said on Thursday it will be unable to pay its 3,800 employees their wages because it has not yet obtained the necessary...
- Saab Temporarily Halts Production After Suppliers Suspend Parts For Not Being Paid
In a sign of the possible problems brewing up at Saab, the Swedish firm was forced to temporarily halt production for a few hours at its plant on Tuesday as well as on Wednesday after component makers cut off deliveries to the factory because they hadn’t...