bankruptcy

 
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 that the whole process be terminated. The revelation comes less than 24 hours after Saab announced it would be receiving some... read more

October 21, 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


 
2012 Saab 9-3 Griffin range

Swedish Debt Agency Advancing On Saab Assets

Despite its best efforts to raise funds, the death knell is ringing for Saab, with news coming out today that Sweden's Debt Enforcement Agency has commenced collection... read more August 18, 2011 by


 
2011 Saab 9-5

Saab Gains New Investor, Promises To Pay Workers

If you haven’t been following our coverage of Saab’s woes, the automaker was forced to shut down production at its plant in Trollhattan, Sweden back in April... read more August 4, 2011 by


 
2011 Saab 9-4X

Saab Delays Payments To Employees, Company On Brink Again?

Despite saying it has three new models in the works, Saab has delayed payments to its white-collar employees, and that could spark rumors that the company is once again... read more July 26, 2011 by


 
2011 Saab 9-5

Saab To Restart Production In August, Finalizes Real Estate Deal

Saab looks to be almost back in business, with the automaker announcing this week the finalization of yet another cash injection deal as well as a tentative August date for... read more July 8, 2011 by


 
2011 Saab 9-5 Aero

Saab Gets Additional $40 Million By Selling Off Property

Yesterday we reported that Saab would receive $18.4 million by the end of this week from a mystery Chinese firm that ordered a total of 582 of its cars, allowing the... read more June 28, 2011 by


 
2012 Saab 9-5 SportCombi

Mystery Chinese Buyer Orders 582 Saabs, Helps Stave Off Bankruptcy

Late last week it was revealed that Saab couldn’t afford to pay its workers’ salaries and without any hope of a sudden inflow of cash would be forced into... read more June 27, 2011 by


 
2012 Saab 9-3 Griffin range

Saab Can’t Pay Workers, Bankruptcy Looming

Saab’s recent announcements of partnerships with Chinese firms Zhejian Youngman Lotus Automobile and Pang Da Automobile has done little for its money woes, with the... read more June 24, 2011 by


 
2012 Saab 9-3 Griffin range

Saab Rescue Deal With China’s Hawtai Terminated

The last we heard, production at Saab’s plants back home in Sweden had come to a halt due to a lack of funds and fears that the automaker’s new parent, Spyker... read more May 12, 2011 by


 
2011 Saab PhoeniX Concept

Could Saab Be Bankrupt Within 5 Days? Antonov Thinks So

Vladimiar Antonov, the Russian banker and businessman whose involvement in Spyker caused a delay in the sale of Saab from GM while investigations into rumored mafia ties were... read more March 11, 2011 by


 
New Jersey Motorsports Park aerial view

New Jersey Motorsports Park, Host of Inaugural U.S. RallyCross, Bankrupt

New Jersey Motorsports Park (NJMP) isn't a headlining NASCAR venue or even one of America's great road courses, but it was the site of the inaugural U.S. RallyCross event... read more March 8, 2011 by


 
 

 
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