Cars
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…
- 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...
- 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...
- 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...
- 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...
- Breaking: Saab Files For Bankruptcy, Aims To Be Independent
General Motors' loss-making Swedish subsidiary Saab filed for bankruptcy on Friday after it was cut loose by the American company as part of its deep restructuring plan. Under the Swedish law, the reorganization is a self-managed process headed by...
Cars
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 of Saab and last Tuesday proposed that the process be terminated, quit his post.
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...
- 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...
- 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...
- 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...
- Breaking: Saab Files For Bankruptcy, Aims To Be Independent
General Motors' loss-making Swedish subsidiary Saab filed for bankruptcy on Friday after it was cut loose by the American company as part of its deep restructuring plan. Under the Swedish law, the reorganization is a self-managed process headed by...