Cars
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.
- 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...
- Show Me The Money: Saab Receives $5 Million Us From Youngman, More May Come
It’s true that this month is probably the worst in a really bad year for Saab. Its 9-5 ended last in Consumer Reports’ luxury sedan test, GM repeatedly vetoed any sale deal involving the Chinese, and the court-appointed administrator has...
- 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...
- 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...
- Saab Seeks Court Protection From Creditors, Formulates Reorganization Plan
The way events were unfolding these past few weeks, and from the moment its CEO admitted reorganization was an option, it was inevitable: Saab Automotive NV, which includes Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tolls AB,...
Cars
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 restructuring, announced that he will apply for a termination of the voluntary reorganization of Saab Automobile and its two subsidiaries with the Vanersborg District Court in Sweden.
Read more »- 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...
- Show Me The Money: Saab Receives $5 Million Us From Youngman, More May Come
It’s true that this month is probably the worst in a really bad year for Saab. Its 9-5 ended last in Consumer Reports’ luxury sedan test, GM repeatedly vetoed any sale deal involving the Chinese, and the court-appointed administrator has...
- 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...
- 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...
- Saab Seeks Court Protection From Creditors, Formulates Reorganization Plan
The way events were unfolding these past few weeks, and from the moment its CEO admitted reorganization was an option, it was inevitable: Saab Automotive NV, which includes Saab Automobile AB, Saab Automobile Powertrain AB and Saab Automobile Tolls AB,...