Cars
When a carmaker goes down, it’s not just the investors, factory workers or suppliers that take the heat: dealers are also in deep trouble. Case at hand: Saab’s bankruptcy. Its owner, Swedish Automobile, was forced to liquidate the company after a long struggle to keep it afloat failed.
- Saab North America Appoints Outside Administrator, Searches For Ways To Honor Warranties
All those months that the Saab saga was unfolding before our eyes, the Swedish carmaker’s North American operations were excluded from any deal or restructuring plan. Now the parent company is seemingly closing shop after Monday’s filing...
- 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...
- Swedish Court Rejects Saab's Reorganization Plan, Is This The End?
The (digital) ink on our story about Saab North America's hopes and dreams had barely dried when news came in that a Swedish court denied Saab Automobile's voluntary reorganization application that would have protected the company from its creditors,...
- Update: Saab Subsidiary Resolves Bankruptcy Threat
This just in; only a few hours after it was made known that one of Saab’s suppliers submitted a bankruptcy petition against the automaker’s affiliate company Saab Automobile Tools, the Swedish firm issued a short statement saying that it...
- 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...
Cars
Report: Saab's U.S. Dealers Forced to Make Some Difficult Decisions
When a carmaker goes down, it’s not just the investors, factory workers or suppliers that take the heat: dealers are also in deep trouble. Case at hand: Saab’s bankruptcy. Its owner, Swedish Automobile, was forced to liquidate the company after a long struggle to keep it afloat failed.
Saab Cars North America, on the other hand, was left out in the cold during this whole process. Even if the restructuring was successful, there was no provision (at least none that we know of) for the brand’s North American operations.
Read more »- Saab North America Appoints Outside Administrator, Searches For Ways To Honor Warranties
All those months that the Saab saga was unfolding before our eyes, the Swedish carmaker’s North American operations were excluded from any deal or restructuring plan. Now the parent company is seemingly closing shop after Monday’s filing...
- 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...
- Swedish Court Rejects Saab's Reorganization Plan, Is This The End?
The (digital) ink on our story about Saab North America's hopes and dreams had barely dried when news came in that a Swedish court denied Saab Automobile's voluntary reorganization application that would have protected the company from its creditors,...
- Update: Saab Subsidiary Resolves Bankruptcy Threat
This just in; only a few hours after it was made known that one of Saab’s suppliers submitted a bankruptcy petition against the automaker’s affiliate company Saab Automobile Tools, the Swedish firm issued a short statement saying that it...
- 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...