Cars
More bad news for cash-strapped Saab. After Sweden's regulators started the collection process against Saab Automobile for failing to meet a deadline last week to pay two suppliers, the automaker's parent company Swedish Automobile N.V. (Swan) announced today that the payment of August wages to employees could be delayed because some of the funds that were committed by investors may not be paid in time. 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...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- 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...
- Saab Delays Payments To White-collar Employees
When it comes to Saab, it seems that for every dollop of good news that trickles out from Sweden there are multiple bad news. On Tuesday, the cash-strapped Swedish automaker said that its white-collar workers will not receive their next payment (at...
- New Chinese Order Provides Saab With A Temporary Lifeline
Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese...
Cars
Saab Says there's a New Risk of Delayed Payments to Workers
More bad news for cash-strapped Saab. After Sweden's regulators started the collection process against Saab Automobile for failing to meet a deadline last week to pay two suppliers, the automaker's parent company Swedish Automobile N.V. (Swan) announced today that the payment of August wages to employees could be delayed because some of the funds that were committed by investors may not be paid in time. 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...
- Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
- 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...
- Saab Delays Payments To White-collar Employees
When it comes to Saab, it seems that for every dollop of good news that trickles out from Sweden there are multiple bad news. On Tuesday, the cash-strapped Swedish automaker said that its white-collar workers will not receive their next payment (at...
- New Chinese Order Provides Saab With A Temporary Lifeline
Maybe the future of Saab isn’t as dark as it looks, and the voluntary bankruptcy proposed by suppliers isn’t the only solution. Well, at least for now. That’s because the Swedish automaker announced today that an unnamed Chinese...