Advertisement

bankruptcy

 
2008 Saab 9-3 Aero

Last Minute Youngman Payment May Help Stave Off Saab Bankruptcy

Saab miraculously managed to stave off bankruptcy yet again after receiving a last minute cash payment from Chinese investor Zhejian Youngman Lotus Automobile. The payment, believed to be around $5 million, will be used to cover immediate tax expenses, Swedish business daily Dagens Industri first... read more

December 13, 2011 by 
 
2011 Saab 9-4X

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... read more November 4, 2011 by 


 
2009 Saab 9-5 SportKombi

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... read more November 4, 2011 by 


 
2011 Saab 9-5

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... read more October 31, 2011 by 


 
2008 Saab 9-3 Sedan

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... read more October 28, 2011 by 


 
2008 Saab 9-3 Convertible

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... read more October 23, 2011 by 


 
2012 Saab 9-3 Griffin range

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... read more October 21, 2011 by 


 
2012 Saab 9-3 Griffin range

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... read more October 20, 2011 by 


 
2008 Saab 9-3 Sedan

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... read more October 13, 2011 by 


 
Spyker C8 Aileron GT race car preview

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... read more September 29, 2011 by 


 
Aston Martin Racing wins ALMS race at Laguna Seca – September 2011

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... read more September 19, 2011 by 


 
2011 Saab 9-5

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... read more September 16, 2011 by 


 
2011 Saab PhoeniX Concept

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... read more September 12, 2011 by 


 
2011 Saab 9-4X

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... read more September 8, 2011 by 


 
2012 Saab 9-3 Griffin range

Saab Posts $322 Million First Half Loss

Saab has taken yet another step, this time a major one, towards what’s shaping up to be an inevitable bankruptcy, with news coming out today that the struggling Swedish... read more September 1, 2011 by 


 
2011 Saab 9-4X Aero

Saab Seeking Bankruptcy Protection: Report

Swedish public radio is reporting that Saab will apply for court protection from its creditors, which would mark the first step in a reorganization bankruptcy for the Swedish... read more August 26, 2011 by 


 
Advertisement
 
Advertisement

New Cars

Go!

 
© 2014 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.