Cars
For the second time in two years, Saab is perilously close to the edge of the cliff. But it may be rescued, once again, at the 11th hour: according to a company source close to negotiations with Chinese investors, Saab Automotive executives are “very optimistic†about raising funds this week.
- 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,...
- 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,...
- Saab Boss Victor Muller Hints At Us And Eu Distribution Of China's Hawtai Cars, Says Buyers Won’t Care About Safety
The ink on the deal / partnership between Saab and China’s Hawtai Motor Group has barely dried, but the Swedish automaker's chairman and Spyker CEO, Victor Muller is already making headlines again by hinting at the distribution of cheap Chinese...
- Saab Ceo Jan Ã…ke Jonsson To Retire, Victor Muller Takes Over Temporarily
Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime...
Cars
Saab: Victor Muller is Hopeful of Quick Solution, but Reorganization is also on the table
For the second time in two years, Saab is perilously close to the edge of the cliff. But it may be rescued, once again, at the 11th hour: according to a company source close to negotiations with Chinese investors, Saab Automotive executives are “very optimistic†about raising funds this week.
Now haven’t we’ve heard that before? Only this time, Saab Chairman Victor Muller told Automotive News that he is seriously considering reorganizing the company to protect it from its creditors. And this comes just three days after Saab’s head of technical development, Mats Fagerhag, denied the Swedish public radio’s report that the carmaker is seeking court protection.
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,...
- 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,...
- Saab Boss Victor Muller Hints At Us And Eu Distribution Of China's Hawtai Cars, Says Buyers Won’t Care About Safety
The ink on the deal / partnership between Saab and China’s Hawtai Motor Group has barely dried, but the Swedish automaker's chairman and Spyker CEO, Victor Muller is already making headlines again by hinting at the distribution of cheap Chinese...
- Saab Ceo Jan Ã…ke Jonsson To Retire, Victor Muller Takes Over Temporarily
Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime...