Cars
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.
- 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...
- 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...
- Saab North America Optimistic About Future, Despite Being Left Out Of Reorganization Plan
Yesterday we brought you the news about Saab’s filing for court protection and submitting a reorganization plan. Unfortunately, some of its divisions were not included –and one of them is Saab Cars North America. The company’s president,...
- 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 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 for bankruptcy and the appointment of two receivers who, unless something dramatic occurs, will oversee the company’s liquidation.
Saab Cars North America wants to avoid being declared bankrupt or liquidated. Therefore its Chief Operating Officer, Tim Colbeck, announced on Wednesday, December 21, that the company has appointed McTevia & Accociates, a specialist in corporate turnarounds, as an outside administrator.
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...
- 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...
- Saab North America Optimistic About Future, Despite Being Left Out Of Reorganization Plan
Yesterday we brought you the news about Saab’s filing for court protection and submitting a reorganization plan. Unfortunately, some of its divisions were not included –and one of them is Saab Cars North America. The company’s president,...
- 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...