Cars
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.
- Court-appointed Administrator Wants Saab Restructuring Process Terminated
Less than 24 hours after General Motors stated once again, that it will veto any plan that includes a Chinese company acquiring a stake in Saab, the Swedish carmaker received more bad news. Guy Lofalk, the court-appointed administrator who oversees Saab’s...
- Swedish Court Allows Saab To Appeal Denial On Reorganization Plan
The drama involving Saab continues today on a more positive note for the company as a Swedish appeals court has granted the automaker the right to appeal a previous ruling from a lower court that had rejected the company's request for a voluntary...
- Swedish Court Rejects Saab's Reorganization Plan, Is This The End?
The (digital) ink on our story about Saab North America's hopes and dreams had barely dried when news came in that a Swedish court denied Saab Automobile's voluntary reorganization application that would have protected the company from its creditors,...
- Saab North America Optimistic About Future, Despite Being Left Out Of Reorganization Plan
Yesterday we brought you the news about Saab’s filing for court protection and submitting a reorganization plan. Unfortunately, some of its divisions were not included –and one of them is Saab Cars North America. The company’s president,...
- 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
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 of Appeal agreed that Saab’s plan to secure short-term funding and protection from its creditors conforms to the Swedish Company Reorganization Act.
Read more »- Court-appointed Administrator Wants Saab Restructuring Process Terminated
Less than 24 hours after General Motors stated once again, that it will veto any plan that includes a Chinese company acquiring a stake in Saab, the Swedish carmaker received more bad news. Guy Lofalk, the court-appointed administrator who oversees Saab’s...
- Swedish Court Allows Saab To Appeal Denial On Reorganization Plan
The drama involving Saab continues today on a more positive note for the company as a Swedish appeals court has granted the automaker the right to appeal a previous ruling from a lower court that had rejected the company's request for a voluntary...
- Swedish Court Rejects Saab's Reorganization Plan, Is This The End?
The (digital) ink on our story about Saab North America's hopes and dreams had barely dried when news came in that a Swedish court denied Saab Automobile's voluntary reorganization application that would have protected the company from its creditors,...
- Saab North America Optimistic About Future, Despite Being Left Out Of Reorganization Plan
Yesterday we brought you the news about Saab’s filing for court protection and submitting a reorganization plan. Unfortunately, some of its divisions were not included –and one of them is Saab Cars North America. The company’s president,...
- 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...