To say that Saab has had a rough 2011 would be one heck of an understatement. Sales are trickling slowly, the automaker’s Trollhattan plant hasn’t consistently produced vehicles since late April because suppliers weren’t getting paid, and a failed alliance is making the Swedish automaker look like it has cooties.
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Now it appears as though Saab is taking legal steps to keep the company going, as Reuters is citing a public radio report that claims the automaker will soon apply for court protection from creditors. If the courts grant temporary creditor protection, Saab will begin a process of corporate restructuring at the hands of an administrator and company management.
Full Story: Autoblog
