Cars
The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.
- Saab Automobile Parts Ab And Its Global Subsidiaries To Operate Independently
On Wednesday, it was announced that the administrators of Saab Automobile AB had signed an agreement with National Electric Vehicle Sweden AB (NEVS), a newly formed Chinese-Sweden investment group with Japanese backing, for the sale of Saab Automobile...
- Vladimir Antonov Withdraws Proposal To Buy And Leaseback Saab Property
The ink has barely dried on Saab’s latest attempt to form a preliminary deal with China’s Pang Da Automobile and Youngman, and the Swedish company is faced with yet another problem as Russian investor Vladimir Antonov has withdrawn his...
- Spyker Cars Says Saab Won’t Meet Its Sales Target This Year, Now Talking With Chinese Companies For Funding
The roller coaster that is Saab has taken another turn, and unfortunately for the Swedish brand, the future doesn’t look so bright. In spite of a tentative agreement to let Russian banker Vladimir Antonov invest 30 million euros in Saab’s...
- Swedish Regional Government Demands $15.9 Million In Debt From Saab
A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt collector. Vastra Gotaland, where Saab's main production plant is located, covered worker wages to the tune while...
- Spyker Renews Offer For Saab, Gm Says It Will Revaluate
In what could be a final attempt to save SAAB from closing down, tiny Dutch sports car maker Spyker submitted a new 11-point proposal to buy the Swedish brand from General Motors on Sunday. The Dutch company said that its new proposal addresses all the...
Cars
Saved by Antonov: Saab Sells Production Facilities to Russian Banker to Get Cash
The Swedish government offered Saab conditional backing for a deal to free up cash for the company (see previous story here), whose production lines have been stopped for two weeks as Saab didn't pay suppliers. "We have decided to allow the Debt Office to conclude an agreement with Saab," said enterprise minister Maud Olofsson during a news conference on Friday.
The government has approved a proposal from the Debt Office to allow Saab to sell real estate, including the production plant, to Russian financier Vladimir Antonov and then lease it back from him. The minister said this deal would bring €30 million to Saab in the first phase, although the real estate was worth much more than that.
Read more »- Saab Automobile Parts Ab And Its Global Subsidiaries To Operate Independently
On Wednesday, it was announced that the administrators of Saab Automobile AB had signed an agreement with National Electric Vehicle Sweden AB (NEVS), a newly formed Chinese-Sweden investment group with Japanese backing, for the sale of Saab Automobile...
- Vladimir Antonov Withdraws Proposal To Buy And Leaseback Saab Property
The ink has barely dried on Saab’s latest attempt to form a preliminary deal with China’s Pang Da Automobile and Youngman, and the Swedish company is faced with yet another problem as Russian investor Vladimir Antonov has withdrawn his...
- Spyker Cars Says Saab Won’t Meet Its Sales Target This Year, Now Talking With Chinese Companies For Funding
The roller coaster that is Saab has taken another turn, and unfortunately for the Swedish brand, the future doesn’t look so bright. In spite of a tentative agreement to let Russian banker Vladimir Antonov invest 30 million euros in Saab’s...
- Swedish Regional Government Demands $15.9 Million In Debt From Saab
A local government authority in Sweden is seeking to recover US$15.9 million from Saab, even going so far as to enlist a government debt collector. Vastra Gotaland, where Saab's main production plant is located, covered worker wages to the tune while...
- Spyker Renews Offer For Saab, Gm Says It Will Revaluate
In what could be a final attempt to save SAAB from closing down, tiny Dutch sports car maker Spyker submitted a new 11-point proposal to buy the Swedish brand from General Motors on Sunday. The Dutch company said that its new proposal addresses all the...