Saab Automobile’s two biggest unions said they’re likely to ask a court to put the cash-starved Swedish carmaker into bankruptcy in about two weeks unless salaries are paid by then. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Auto Talk: Saab Dealers Get Hit With More Bad News
Starved of product, parts and showroom traffic, U.S. dealers are planning for life after Saab. Saab auto production has been halted since March when unpaid suppliers stopped delivering parts in Trollhattan, Sweden. Saab has not paid production workers since then. Hit the jump to read the rest of the story. Funk Flex Find Flex On Google+
Car Talk: Saab Pulls Out Of Frankfurt Auto Show
Saab has pulled out of the Frankfurt auto show next month as the Swedish brand struggles to raise cash to pay suppliers. A Saab spokesperson said that the carmaker will concentrate its resources on restarting production at its factory in Trollhatten, Sweden. Hit the jump to read the rest of the story. Funk Flex
Saab Customers Abandon The Automaker
“The brand is losing money, and dealerships are closing,” said Ronson, who opted for a BMW instead. “Are they going to have money or not for payroll this week? There’s too much uncertainty. I wouldn’t buy a Saab again.” That is what Chuck Ronson a Saab driver had to say about the automaker. Hit the jump to read the rest of the story. @WiL
Saab Suppliers Could Be Declaring Bankruptcy
Some European suppliers are preparing to demand Swedish Automobile, owner of cash-strapped Saab, be declared bankrupt, hoping the threat will pressure the carmaker into paying debts. Hit the jump to read the rest of the story. Funk Flex
