bankruptcy
Swedish Union Seeks President Obama’s Help To Save Saab?
Despite Saab having several suitors interested in purchasing the brand, paying off its debts and restarting production, no deal could ever be finalized and the automaker finally declared bankruptcy last December. The reason no deal could be finalized was because of GM’s refusal to allow any...
Lotus Esprit Supercar Due In 2014, Pending DRB-Hicom Approval
Following its bizarre rant on Facebook last week and accusations that its CEO Dany Bahar was missing in action, Lotus is doing its best to clear all the confusion and remains... April 18, 2012 by Viknesh Vijayenthiran
Lotus Goes On The Defense With Bizarre Facebook Rant
Following recent reports that Lotus was ending sponsorship of the Lotus F1 team and, of more concern, could possibly be put into administration by its new parent, Malaysian... April 12, 2012 by Viknesh Vijayenthiran 2
Swedish Automobile Changes Its Name To Spyker
In what is arguably the shortest corporate press release ever written, Swedish Automobile has announced it will change its name back to Spyker, pending approval from its... April 11, 2012 by Kurt Ernst 1
Lotus In Trouble, May Be Sold To China’s Youngman: Report
Following yesterday’s news that Group Lotus was ending its sponsorship of the Lotus F1 team while leaving the team’s name unchanged, a new report suggests that... April 11, 2012 by Viknesh Vijayenthiran
Youngman Prepared To Invest $1.8 Billion In New Saab Models
The fate of Swedish automaker Saab is now in the hands of the receivers appointed to oversee the company’s post-bankruptcy asset sell-off. While there are bids in house... February 20, 2012 by Kurt Ernst 2
Pininfarina Reaches Debt Deal With Banks
Riddled with debt, legendary Italian coachbuilder and design house Pininfarina has announced that it has reached a debt restructuring deal with its lenders that provides the... February 16, 2012 by Viknesh Vijayenthiran 2
Youngman Reportedly Rebuffed In Bid To Acquire Saab
There may be one final sad truth to the history of Saab: in bankruptcy, the pieces that once made up the whole of the brand are worth more than the brand itself. Saab’s... February 3, 2012 by Kurt Ernst
Sweden Repays Saab's EIB Loan, Becomes Its Largest Creditor
Sweden has stepped in to repay a loan between the European Investment Bank (EIB) and Saab, making it the single largest creditor of the now-defunct automaker. The loan, in... January 30, 2012 by Kurt Ernst
Saab Museum Saved By $4 Million Pledge: Report
Last week we brought you the grim news that a prized collection of classic Saabs sitting in the official Saab museum in Trollhattan, Sweden, was going to be divvied up and... January 25, 2012 by Viknesh Vijayenthiran
Saab Cars North America To Be Liquidated
Following in the (likely) footsteps of Sweden’s Saab Automobile, the brand’s North American distribution company, Saab Cars North America (SCNA) has been marked... January 23, 2012 by Kurt Ernst 2
Turkish Private-Equity Firm Looking To Bid On Saab: Report
Yesterday we brought you news that Chinese auto giant Youngman, one of the original bidders for Saab before it went bankrupt, was still interested in buying what’s left... January 20, 2012 by Viknesh Vijayenthiran 2
China's Youngman To Take One Last Shot At Saab: Report
In December 2011, Saab was forced into bankruptcy when pending deals between its parent, Swedish Automobile (Swan), and Chinese suitors Pang Da and Youngman fell apart. The... January 19, 2012 by Kurt Ernst
More Than 100 Cars From Saab Museum Listed In Bankruptcy Sale
In what’s sure to be both fulfilling and sad news for Saab fans all around the world, a Swedish law firm involved in the liquidation of Saab following last... January 17, 2012 by Viknesh Vijayenthiran 2
GM May Cover The Warranty On Your Saab
A potential consequence of Saab’s bankruptcy filing is that owners of relatively new (or brand new) Saabs may be left without warranty coverage. Saab North America has... December 21, 2011 by Kurt Ernst
Saab Kills Warranties On All New And Used Cars: Report
Saab filed for bankruptcy just yesterday, and already the fallout is hitting owners: all warranties on new cars sold or leased are suspended, as are all claims currently in... December 20, 2011 by Nelson Ireson 1
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