Saab lurched further into crisis on Monday as two of the carmaker’s own unions served bankruptcy applications despite the company having conjured up a promise of 70 million euros ($96 million) in vital financing. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Saab To Appeal Court Decision On Monday
Yesterday, Saab announced that its request for government protection was denied by a Swedish court, citing that the court feels that the automaker’s proposal for a voluntary reorganization would not work. Funk Flex Find Flex On Google+
Auto Talk: Swedish Court Rejects Saab Creditor Protection Plea
A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Saab Files for Court Protection From Creditors
Saab sought protection from creditors in a Swedish district court, the automaker’s owner, Swedish Automobile, said today. Funk Flex
Auto Talk: Saab To File For Protection From Creditors
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. Funkmasterflex Find Flex On Google+
Auto Talk: Saab Auto Seek More Cash While Not Ruling Out Reorganization
Saab Automobile is working primarily on raising more funds to survive over the next several days, while not ruling out filing for reorganization to protect itself from creditors, a spokesman said. Funkmasterflex Find Flex On Google+
