bankruptcy

 
2011 Saab 9-5

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 for liquidation. Creditors have been advised, and the bulk of SCNA’s employees were laid off on January 13. As quoted in... read more

January 23, 2012 by
 
2009 Saab 9-3

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... read more December 21, 2011 by


 
2011 Saab 9-5

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... read more December 20, 2011 by


 
2008 Saab 9-3 Sedan

Saab Files For Bankruptcy: Official

It’s official. Saab, along with its Saab Powertrain and Saab Tools subsidiaries, has filed for bankruptcy with a Swedish court this morning. Following previous owner... read more December 19, 2011 by


 
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... read more December 13, 2011 by


 
2011 Saab 9-5

Chinese Bank Looking To Buy Saab Stake

Just when it seemed all hope of saving Saab from bankruptcy has failed, news of yet another potential Chinese savior has surfaced. This time it’s an unnamed Chinese... read more December 5, 2011 by


 
2011 Saab 9-5

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... read more November 15, 2011 by


 
2011 Saab 9-5

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... read more November 7, 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


 
 

 
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