Cars
It’s true that this month is probably the worst in a really bad year for Saab. Its 9-5 ended last in Consumer Reports’ luxury sedan test, GM repeatedly vetoed any sale deal involving the Chinese, and the court-appointed administrator has asked for the restructuring process to be terminated.
- Saab Changes Administrator, Awaits Monday’s Court Decision
The ongoing story that is the future of Saab looks set to have more episodes than The Young and the Restless – and the CBS TV soap opera has been running since 1973… Guy Lofalk, the court-appointed administrator who oversaw the restructuring...
- More Troubles For Swedish Carmaker As Saab Great Britain Files For Administration
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese. Swedish Automobile N.V....
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Report: Saab Has Yet To Receive Chinese Funds
It ain’t over until the fat lady sings green starts flowing in: cash-strapped Saab may have won a stay of execution last month by receiving court protection from its creditors, but the company is still waiting for the €70 million ($93 million...
- 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,...
Cars
Show Me the Money: Saab Receives $5 Million US from Youngman, More May Come
It’s true that this month is probably the worst in a really bad year for Saab. Its 9-5 ended last in Consumer Reports’ luxury sedan test, GM repeatedly vetoed any sale deal involving the Chinese, and the court-appointed administrator has asked for the restructuring process to be terminated.
Today, though, a ray of light shined in Trollhättan as Saab received a first payment from China's Youngman Lotus Automobile, ahead of the court meeting that will decide its future next week.
Read more »- Saab Changes Administrator, Awaits Monday’s Court Decision
The ongoing story that is the future of Saab looks set to have more episodes than The Young and the Restless – and the CBS TV soap opera has been running since 1973… Guy Lofalk, the court-appointed administrator who oversaw the restructuring...
- More Troubles For Swedish Carmaker As Saab Great Britain Files For Administration
The impasse on the sale of Saab Automobile to Pang Da and Youngman has not been resolved, due to Saab shareholder and supplier General Motors objecting to its platform and engineering technology being transferred to the Chinese. Swedish Automobile N.V....
- China's Pang Da And Youngman Agree To Buy Saab For €100 Million And Save It From Bankruptcy
Saab's parent company Swedish Automobile N.V. [Swan] said on Friday that it has agreed to sell the company to China's Pang Da and Youngman. If the deal goes through, the Chinese will own Sweden’s car industry bar Koenigsegg as Volvo was...
- Report: Saab Has Yet To Receive Chinese Funds
It ain’t over until the fat lady sings green starts flowing in: cash-strapped Saab may have won a stay of execution last month by receiving court protection from its creditors, but the company is still waiting for the €70 million ($93 million...
- 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,...