Cars
On Monday, Swedish Automobile presented the restructuring plan of Saab Automobile to the company's creditors at a preliminary meeting in Vanersborg, Sweden.
- 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,...
- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- 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 Presents New Restructuring Plan to its Creditors
On Monday, Swedish Automobile presented the restructuring plan of Saab Automobile to the company's creditors at a preliminary meeting in Vanersborg, Sweden.
Saab’s management informed the creditors about the key points of the reorganization process, which has the support both of the administrators who are overseeing the process as well as future owners Pang Da and Youngman.
Read more »- 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,...
- Saab Denies Reports That It Is Seeking Court Protection - For Now
As the days go by without a viable solution to Saab's worsening financial problems, the closer the company gets to its breaking point. Today, Sweden's public radio (Sveriges Radio) ran a report citing unnamed sources that said Saab's parent...
- 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...