bankruptcy
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 process on already-owned Saabs. The report, by way of Detroit News, cites Saab North America representative Michele Tinson...
Saab's Agreement With Chinese Buyers Expires Today
There hasn’t been much of a change in Saab’s situation since we brought you news that GM will oppose a sale of the Swedish automaker to Chinese buyers Pang Da and... November 15, 2011 by Kurt Ernst
GM Won't Allow Saab's Sale To The Chinese
Just last Friday we told you that GM might object to Saab’s sale to Chinese companies Pang Da and Youngman, and now we have confirmation that the American auto giant... November 7, 2011 by Kurt Ernst
Will GM Shoot Down Saab's Deal With The Chinese?
Swedish automaker Saab has been knocking on heaven’s door since summer, with its imminent demise nearly occurring on several occasions. With last week’s... November 4, 2011 by Kurt Ernst
Saab Production Chief Quits After 30 Years On The Job
Saab’s shaky recovery has come up against another major hurdle, with the automaker’s head of manufacturing and purchasing, Gunnar Brunius, calling it quits after... November 4, 2011 by Viknesh Vijayenthiran
The Long Road Ahead For Saab
Late last week the parent company of Saab, Swedish Automobile, agreed to sell 100 percent of the struggling automaker to Chinese firms Panga Da and Youngman for approximately... October 31, 2011 by Viknesh Vijayenthiran
Saab To Be Sold To China’s Pang Da And Youngman: Official
Swedish Automobile has confirmed today that it has made an 11th-hour deal with Chinese firms Pang Da and Youngman for the sale and purchase of 100 percent of the shares in... October 28, 2011 by Viknesh Vijayenthiran
Saab’s Alliance Deals With Pang Da And Youngman Terminated
Saab has taken one step closer towards what’s shaping up to be a possible bankruptcy with news coming out over the weekend that the struggling Swedish automaker has... October 23, 2011 by Viknesh Vijayenthiran
Administrator Asks Swedish Court To Terminate Saab Reorganization
Guy Lofalk, the court-appointed administrator of Saab’s reorganization process, has revealed that he’s sent a letter to the Swedish court on Thursday requesting... October 21, 2011 by Viknesh Vijayenthiran
Saab Receives Funding From America’s North Street Capital
Saab has announced today that it has received a commitment from American private equity firm North Street Capital for a cash payment before the October 22 deadline to pay off... October 20, 2011 by Viknesh Vijayenthiran
Saab Receives Cash But Chinese Deals May Still Be Blocked
Update: Earlier this week news broke that Saab's Chinese partners would be blocked from their bid to give the Swedish automaker a much-need cash infusion. Today, Saab has... October 13, 2011 by Nelson Ireson
Saab Sister Brand Spyker Sold To U.S. Private Equity Firm, CPP Still Interested
It wasn't so long ago that talk of Spyker buying, and thereby saving, Saab was the hot news. Since then, the Dutch supercar company has reorganized things, keeping Saab and... September 29, 2011 by Nelson Ireson
2012 Veloster Driven, Land Rover Renames, Prius Plug-In Priced: Car News Headlines
Aston Martin Racing takes the win in U.S. return at Laguna Seca ALMS race. [MotorAuthority] Check out this new video of the Jaguar C-X16 Concept. [MotorAuthority] Curious... September 19, 2011 by Nelson Ireson
Saab Bankruptcy Hearing Just Days Away
Saab’s cash crunch is nothing new, but the matter is finally coming to a head. The car maker’s first bankruptcy hearing is scheduled for September 26. In the... September 16, 2011 by Thomas Bey
Saab Licenses Rights To Phoenix (Next-Gen 9-3) Platform For $95 Million
Saab is in trouble. That's been clear for a long while now. Just how much trouble has come into focus in the last few weeks. Now, Saab has decided to license its core... September 12, 2011 by Nelson Ireson
Saab Denied Bankruptcy Protection By Swedish Court, Attempting Appeal
After months of failed funding negations and ceased production, Saab, along with its Saab Powertrain and Saab Tools subsidiaries, announced this week that it had filed for... September 8, 2011 by Viknesh Vijayenthiran
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