Cars
Saab hasn’t made a car since last March. Its initial deal with the Chinese fell as did every subsequent overtake attempt basically because GM wasn’t willing to give away its technology to the Chinese for free.
- Run, Youngman, Run: Chinese Still Want Saab Even Though Its Assets Are Being Sold
Declaring bankruptcy doesn’t necessarily mean that you close shop – just ask GM and Chrysler. But when the receivers walk in begin selling off your assets, though, as is the case with Saab, it would take a miracle (to say the least) to...
- 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...
- Court Approves Saab’s Bankruptcy, Appoints Two Receivers – But Is It Really Over?
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt. The company's CEO, Victor Muller, blamed General Motors for blocking every rescue attempt...
- 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...
- Saab Receives Funding From Spyker Buyer But Not From Chinese Partners, Administrator Proposes To Terminate Reorganization
The dramatic Saab roller-coaster continues to painfully drag on with good and bad news for the brand. But let's take it in chronologically order. This morning, Saab's parent company Swedish Automobile N.V. (Swan) said it has accepted new funding...
Cars
Saab Saga is a Wild Turkey: Istanbul-based Equity Firm Added to Buyers’ List
Saab hasn’t made a car since last March. Its initial deal with the Chinese fell as did every subsequent overtake attempt basically because GM wasn’t willing to give away its technology to the Chinese for free.
Eventually, the company's owner Swedish Automobile ran out of cash and Saab filed for bankruptcy on December 19. The receivers walked in and made preparations to sell the silverware – or so to speak. Sad, but true: Saab has gone the way of the dodo. End of story, right?
Well, surprisingly enough, now that it is being torn apart, suitors come knocking on its door two at a time. Just hours after Youngman’s latest bid, Turkish private-equity firm Brightwell Holdings is the second company that will bid for the bankrupt carmaker.
Read more »- Run, Youngman, Run: Chinese Still Want Saab Even Though Its Assets Are Being Sold
Declaring bankruptcy doesn’t necessarily mean that you close shop – just ask GM and Chrysler. But when the receivers walk in begin selling off your assets, though, as is the case with Saab, it would take a miracle (to say the least) to...
- 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...
- Court Approves Saab’s Bankruptcy, Appoints Two Receivers – But Is It Really Over?
As expected, the District Court of Vanersborg accepted Saab’s request the same day, Monday December 19, and declared the Swedish carmaker bankrupt. The company's CEO, Victor Muller, blamed General Motors for blocking every rescue attempt...
- 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...
- Saab Receives Funding From Spyker Buyer But Not From Chinese Partners, Administrator Proposes To Terminate Reorganization
The dramatic Saab roller-coaster continues to painfully drag on with good and bad news for the brand. But let's take it in chronologically order. This morning, Saab's parent company Swedish Automobile N.V. (Swan) said it has accepted new funding...