An 11th-hour offer by Chinese investors to buy Swedish Automobile, the parent of Sweden's ailing Saab, apparently will keep the automaker from possible liquidation.
Showing posts with label Swedish Automobile. Show all posts
Showing posts with label Swedish Automobile. Show all posts
November 01, 2011
September 22, 2011
Saab wins bankruptcy court appeal decision
Troubled carmaker Saab will seek bankruptcy protection after winning a court appeal against a decision earlier this month preventing it from doing so.
The court of appeal said its decision "reverses the district court ruling and allows Saab to reorganise".
The carmaker has been trying unsuccessfully to get new funding to ensure the business's survival.
The court of appeal said its decision "reverses the district court ruling and allows Saab to reorganise".
The carmaker has been trying unsuccessfully to get new funding to ensure the business's survival.
September 08, 2011
Saab bankruptcy likely 'in days'
The carmaker Saab's application for protection from its creditors to help it avoid being pushed into bankruptcy has been rejected by a Swedish court.
In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days.
Saab had applied for protection while trying to secure additional funding.
In response, Swedish trade unions said they could demand that Saab be declared bankrupt within days.
Saab had applied for protection while trying to secure additional funding.
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