Cars
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order to put the company into bankruptcy, unless their wages are paid within the next two weeks.
- 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,...
- New Chinese Order Provides Saab With A Temporary Lifeline
Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese...
- 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...
- Swedish Regional Government Demands $15.9 Million In Debt From Saab
A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt collector. Vastra Gotaland, where Saab's main production plant is located, covered worker wages to the tune while...
Cars
Saab Worker's Unions May Force Company into Bankruptcy State
Apparently, it’s not just suppliers who are demanding to either be paid by cash-strapped Saab or seize its assets. IF Metall and Unionen, the two biggest worker unions of Saab Automobile, have stated they will most likely request a court order to put the company into bankruptcy, unless their wages are paid within the next two weeks.
Saab is scheduled to pay its workers on Friday, August 26, however the company announced on Tuesday that payments may be delayed since the funds that it had supposedly secured are not yet available.
Read more »- 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,...
- New Chinese Order Provides Saab With A Temporary Lifeline
Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese...
- 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...
- Swedish Regional Government Demands $15.9 Million In Debt From Saab
A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt collector. Vastra Gotaland, where Saab's main production plant is located, covered worker wages to the tune while...